Don't confuse the garbage pension + annuity plans offered by various insurers with the NPS, which is what is provided by organizations regulated by the PFRDA.
And do note the tax implications of redemption --srs (iPad) On 18-Jun-2013, at 14:45, [email protected] wrote: > I'd have signed up for a pension plan, but the ones that are on the market > lock in a major part of the capital and compulsorily give me an annuity (at > negligible returns/ rates of interest). While some will argue that this is > the whole point of a pension plan, I'd rather have the flexibility to take a > lump sum and do whatever I want with it. >
