Sunday, March 17, 2013

NPS to allow deferred withdrawal

The Pension Fund Regulatory and Development Authority (PFRDA) has allowed investors in the New Pension Scheme (NPS) to opt for ‘deferred withdrawal’ of their money at the time of exit, as against the current practice of ‘phased withdrawal’. The replacement of ‘phased withdrawal’ with ‘deferred withdrawal’ was taken after PFRDA received feedback from various stakeholders, the pension fund regulator....