New Delhi, April 29 -- In the latest episode of our special series on the National Pension System (NPS), Subhasis Ghosh, CEO of Kotak Pension Fund, explains how individuals nearing retirement can navigate their NPS withdrawals effectively. The episode focuses on a relatable scenario-Anjali, a 58-year-old professional, who wants to understand how and when she can access her pension funds.

Yes-but with some conditions. Subhasis Ghosh clarifies that at age 60, an individual can withdraw the entire NPS corpus tax-free. However, 40% of the accumulated amount must be used to purchase an annuity from a registered annuity service provider. The remaining 60% is available as a lump sum, and retirees have the flexibility to use or reinvest it as th...