Q1. Which of the following is the maximum percentage of corpus that subscribers can withdraw under the Retirement Income Scheme and Drawdown Options launched by the Pension Fund Regulatory and Development Authority (PFRDA) through its circular dated 15 May 2026 under the National Pension System (NPS)?
A 60 per cent
B 70 per cent
C 80 per cent Correct
D 100 per cent
Explanation
As per the PFRDA circular dated 15 May 2026, the Retirement Income Scheme and Drawdown Options under the National Pension System permit subscribers to withdraw up to 80 per cent of their corpus. The circular also extends NPS account continuation up to age 85 and introduces Systematic Lump Sum Withdrawal (SLW) and Systematic Unit Redemption facilities, giving retirees greater flexibility in managing their retirement savings.