PFRDA Makes ‘Penny Drop’ Verification Mandatory For NPS Fund Withdrawal
The Pension Fund Regulatory and Development Authority (PFRDA) has introduced new National Pension System (NPS) withdrawal rule changes, providing subscribers with greater flexibility in managing their retirement funds. In addition, the PFRDA has made ‘penny drop’ verification mandatory for NPS fund withdrawals. Systematic Lump Sum Withdrawal (SLW) Phased Withdrawal Option: PFRDA has introduced the Systematic …
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