Subscribers of the National Pension System (NPS) can take advantage of the recent changes if they wish. Changes have been made in the rules related to withdrawal from NPS only last month (NPS withdrawal new rule). Understand what is SLWSLW facility is like Systematic Withdrawal Plan (SWP) under mutual funds. This withdrawal process (NPS withdrawal new rule) can be opted once and payment will be made as per the choice of the subscriber. This can be requested when a subscriber retires and applies for a lump sum NPS (National Pension System) corpus after purchasing an annuity.

Source: Mint November 03, 2023 19:31 UTC