Withdrawal rules of NPS for senior citizens are quite similar to the other age groups except for some exclusions:
At 60 Years: The senior citizens are allowed to withdraw partially or completely from their NPS accounts at the age of 60 with the condition that a minimum corpus of 40% should be utilized for buying an annuity.
It forms an annuity purchase that amounts to 40% after the... https://fbsedu.in/mba-in-finance/kanpur