CURRENT AFFAIRS

Detailed explanation-1: -Normal exit is allowed after completion of 3 years. The Subscriber will be required to utilize at least 40% of the corpus for purchase of annuity and the remaining amount can be withdrawn in lump sum. Complete (100%) withdrawal allowed as lump sum if the corpus is less than or equal to ₹ 5 Lakh.

Detailed explanation-2: -All you need to do is initiate the continuation request online by accessing CRA system (www.cra-nsdl.com) using your User ID (PRAN) & Password. Click on “Exit from NPS” Menu and click on “Request for Deferment” option. Enter necessary details and submit ‘’Continuation” request.

Detailed explanation-3: -In case of Pre-mature Exit-If total accumulated corpus is less thanor equal to Rs. 2.5 lakh, the Subscriber can avail the option of complete Withdrawal. However, you can exit from NPS only after completion of 5 years.

Detailed explanation-4: -Form 102GP – NPS withdrawal form can be used by government employees who wish to withdraw their accumulated pension before retirement. Form 302 – This form can be used by corporate employees and other citizens who wish to withdraw their accumulated pension before retirement.