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Zerodha (Trade with the best stock broker)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
The purchase of an annuity is mandatory when one exits from the NPS. The aim is to provide regular income as a pension to the subscriber by investing in annuity plans. As per the rules, one needs to invest a certain percentage of the corpus amount towards the purchase of an annuity as per below:
One can defer the purchase of an annuity for a period of 3 years but cannot avoid it. The purchasing of an annuity is optional in case of the death of the subscriber.
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