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NPS: All you need to know about 'penny drop' feature
Essentially, the bank account will be verified by making a ‘test transaction’ of Re 1 (hence the name penny drop) in the subscriber’s registered
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NPS: Understanding new exit and withdrawal rules
The subscriber has option to defer purchase of annuity for a maximum period of three years, from the date of attainment of 60 or age of superannuation
