National Pension scheme: Pension Fund Regulatory and Development Authority (PFRDA) can provide pensioners with the facility to withdraw up to a maximum of five lakh rupees from their pension fund.
New Delhi: The government is considering giving big relief to the retired people soon. The Pension Fund Regulatory and Development Authority (PFRDA) can allow pensioners to withdraw up to a maximum of five lakh rupees from their pension fund. At present, beneficiaries can withdraw up to Rs 2 lakh only, but the government is planning to increase this limit. This means that if someone has up to five lakh rupees in National Pension Scheme (NPS) fund, then he will be able to withdraw his entire amount.
According to the current rule, only 60 percent of the pension fund can be withdrawn, which cannot be more than two lakh rupees. Apart from this, the remaining 40 per cent of the amount has to be kept in the NPS itself, which the government invests according to itself and gives pension to the account holder.
Sources say that in changing times, the government wants to help NPS holders to meet family needs. With this, the government wants that if the NPS holder feels that he can get better returns by putting that amount somewhere else, then this decision should be left on him.
Removed will the full amount
of monthly pension to meet him and said if pension funds of Rs five lakh per is so low that it may not be able at all to meet the monthly needs of pensioners. In such a situation, it is better that he be given the freedom to withdraw the entire amount and invest in some place from where he can get better returns than NPS.
However, the PFRDA is also in favor of giving 5.5 per cent returns through investment in government investment instruments by keeping a part of the NPS fund in the new scheme. At this time, if you add income tax on the inflation rate and the income earned from the pension fund, then this fund is giving negative returns only. Therefore, the government is in favor of leaving the decision on the pensioner to withdraw or withdraw the money.
