Economics · Economy

Consider the following statements regarding withdrawal and exit provisions under the National Pension System (NPS) for All Citizens Model: 1. A subscriber can initiate a premature exit before 60 years of age, provided they have completed at least 5 years in the system. 2. In case of premature exit, a minimum of 80% of the accumulated corpus must be utilized to purchase an annuity. 3. Full withdrawal of the entire corpus is allowed without compulsory annuitization if the total accumulated amount is ₹5 lakh or less at the time of normal exit (at age 60). Which of the statements given above is/are correct?