NPS Gives More Power To Pension Savers

What Defined 2022? SIP In NPS One can now start a systematic investment plan (SIP) in NPS through either D-Remit online process or offline process through points of presence (PoPs) Account Opening An individual can now open an NPS account or modify their existing address using their driving licence stored in DigiLocker. Also, Central Know Your Customer (CKYC) records can be used to open and operate an NPS account Lump Sum Withdrawal After a one-time online or offline request, NPS subscribers can withdraw lump sum amount on a monthly, quarterly, half-yearly or annual basis for up to 75 years of age Digital Jeevan Praman Patra After 60 years of age, the option to withdraw and invest a portion in annuity or pension plans from insurance companies is allowed. But insurance companies require a life certificate from the subscriber to continue giving them pension No Separate Form For...