The pension amount can be withdrawn after attaining the age of 60 years. Premature withdrawal is not possible except in the event of death or terminal illness. In the event of the death of the subscriber, the pension amount will be paid to the spouse or the nominee.
The account can be opened with the help of an Aadhaar card and a mobile number. The subscriber cannot exit the scheme in the middle of the tenure. The amount will not be paid if the tenure is not completed.
The discontinuation of payment will lead to the following
After 6 months, the account will be frozen After 12 months, the account will be deactivated After 24 months, the account will be closed Henceforth, it is recommended that the subscriber completes the tenure in order to get the pension benefit.