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1. NPS Tier I Account (Primary Pension Account)
Withdrawal restrictions: Only 60% of the corpus can be withdrawn at retirement (tax-free) The remaining 40% must be used to purchase an annuity for a pension
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What is an NPS Refund?
On retirement (60 years): You can withdraw up to 60% of your corpus as a lump sum, with the remaining 40% used to purchase an annuity for regular pension income