List of Annuity Service Providers Enrolled under NPS
Important FAQs
How to find the annuity rate in NPS?
The prevailing rates of annuity keep on varying for different ASPs based on different market conditions. To know the tentative annuity rates of Annuity service providers, one may refer to the annuity calculators provided by their respective CRAs. Further the subscriber can visit the website or contact the service executives for exact details of the annuity rates provided by the ASPs.
What happens if I decide to close the NPS account before 60 years or superannuation?
In such a scenario, you will be eligible to withdraw only 20% of the corpus as a lump sum. The remaining 80% of the corpus must be invested in the annuity scheme.
Is the annuity paid yearly or semi-annually?
You can choose the frequency of annuity payments. It can be monthly, quarterly, half yearly or yearly.
Can I invest 100% money in an annuity under the NPS scheme?
Yes, once you attain the age of 60 years, you can decide to put 100% of your contributions into an annuity.