scorecardresearchWith new exit form, NPS subscribers can apply for annuity at the same time. All you need to know

With new exit form, NPS subscribers can apply for annuity at the same time. All you need to know

Updated: 18 Nov 2022, 10:56 AM IST
TL;DR.
The NPS withdrawal form will now be considered as annuity proposal form as well, thus turning things simpler and convenient for the subscribers who are set to exit the scheme
At the time of exit, NPS subscribers can avail of a defined amount as a lump sum and the remainder amount for the purchase of immediate annuity

At the time of exit, NPS subscribers can avail of a defined amount as a lump sum and the remainder amount for the purchase of immediate annuity