NPS and Annuity

NPS - Annuity

Annuity in NPS : Annuity is a financial product that provides regular income after retirement in exchange for a lump sum payment (a portion of the NPS corpus). It is crucial in ensuring financial stability for retirees.

   

NPS - National Pension System / New Pension Scheme	Minimum % of Corpus - Mandatorily invested in purchasing Annuity	Withdraw of the Balance amount of the Corpus	Withdrawn the entire corpus if it is less than or equal to ____ (no need to invest in Annuity)
Superannuation	40%	60%	Rs. 5 Lakhs
VR - Voluntary Retirement	80%	20%	Rs. 2.5 Lakhs