NEW DELHI, May 19: Pension News: The Central Government is going to provide relief to retired people soon. The Pension Fund Regulatory and Development Authority is considering increasing the maximum withdrawal limit for pensioners from pension funds. At present, the maximum withdrawal is two lakh rupees, which PFRDA is going to increase to five lakhs. In such a case, if there is 5 lakh rupees in someone’s National Pension Scheme Fund, He will be able to withdraw the entire amount. As per the rules, only 60 per cent can be withdrawn from the pension fund. The limit of which cannot be more than two lakh rupees. Remaining 40 percent is required to be deposited with NPFs. The government invests and pensions the account holder. According to media reports, the central government wants NPS holders to help their families. If the account holder feels that investing the money in many ways can give good returns. This decision will be left to them. According to reports, the pension fund has five lakh rupees. Then the monthly pension will be much less than that. This will not cater to the needs of the pensioner every month.
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