With the Ministry of Finance approving some changes in rules, the New Pension Scheme (NPS) holders can withdraw the entire fund on retirement if the total amount is Rs 2 lakh or / less.
“When, on superannuation, a request is received from a subscriber, other than the subscriber under NPS - Lite Swavalamban Scheme, having pension wealth of Rs. 2 lakh or less, he / she may opt for withdrawal of total pension wealth,” a notification issued by the Ministry of Finance said.
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