PFRDA Launches New Retirement Scheme: Flexibility Unleashed

Finance

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PFRDA Launches New Retirement Scheme: Flexibility Unleashed

The Pension Fund Regulatory and Development Authority just rolled out a brand-new retirement income scheme that’s cooler than a new Iron Man suit! Starting May 15, 2026, NPS subscribers can now withdraw their pension savings in style—think phased withdrawals and flexible payouts. Just remember, 20% or 40% still goes to the annuity because, hey, even superheroes need a safety net!