NPS withdrawal rules for members joining after 60 years: Now withdraw full pension fund without purchasing annuity under 'this' condition, says PFRDA
As per the regulatory mandate, there are certain predefined conditions, which fulfil the norms of exit viz premature exit, normal exit, and exit due to the unfortunate death of the subscriber.
There are certain instances wherein the corpus in the PRAN paid to the subscriber or the beneficiary by way of lump sum without mandating them to buy annuity.