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What pension benefits are offered to a government employee covered under NPS on his voluntary retirement from the service?
That's helpful. Is there any limit on the number of withdrawals that can be made by a retiree from his or her NPS account?
Yes, there are limits on the number of withdrawals that can be made by a retiree from his or her NPS account. Upon reaching the age of 60, the retiree can withdraw up to 60% of the accumulated pension wealth as a lump sum. The remaining 40% of the pension wealth must be used to purchase an annuity plan. Additionally, a total of three partial withdrawals, each not exceeding 25% of the accumulated corpus, can be made by the retiree before attaining the age of 60.