NPS Exit at Maturity. Purchase of annuity. Immediate Annuity
The National Pension System is a Government-sponsored pension plan for old-age income for every citizen of the country. This is an extremely long-term saving scheme which a person can contribute towards to retire in his/her old age. There are various provisions under NPS such as superannuation or premature exit basis, partial withdrawal, permanent and total disability benefit, and upon death.