India's pension fund regulator PFRDA will introduce a systematic withdrawal plan that will offer flexibility to pension account holders to draw a lump sum on completion of 60 years. Currently, subscribers can withdraw up to 60% of their retirement fund corpus as a lump sum when they turn 60 years, while the remaining 40% goes into buying an annuity.from Economy-News-Economic Times https://ift.tt/oyBnP8j
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