Indian citizens aged between 18 and 70 years of age. After retirement, up to 60% of the corpus can be withdrawn as a lump sum amount, while the remaining 40% can be used for buying an annuity plan.

NPS Vatsalya seems to be a non-starter in the present model and citizens have better avenues ... exit since the launch of the National Pension System. Of them, 70 percent chose the Annuity for ...

India continues to rank poorly on pension readiness – a 2023 study on pension readiness ranked India at 47 out of the 48 countries surveyed, highlighting the gaps on all the parameters that signify a ...

The National Pension System (NPS) is an excellent option ... As a regulatory body, our foremost aim is to cover all eligible citizens under a pension scheme to fulfil the vision of a pensioned ...

The Prime Minister’s monthly pension alone could sustain an average retiree for more than two years. In contrast, the majority of senior citizens rely on the National Insurance System (NIS ...