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Withdrawn the entire corpus if it is less than or equal to ____ (no need to invest in Annuity)
