Before attaining 60 years - withdrawal permitted upto 20%. Minimum 80% of the pension wealth shall be invested for purchase of life annuity from IRDA regulated life Insurance company.
On attaining 60 years- withdrawal subject to minimum 40% of the pension wealth invested for purchase of a life annuity from IRDA regulated Life Insurance Company.
Death : In case of death full pension wealth shall be available to the nominee. A nominee cannot continue the account.
There is no minimum balance requirement; amount can be withdrawn any time.
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