Adding to the list of my overly aspirational queries, I would like to know if annuity plans can be pledged for margin?
This is from the NPS site for reference:
So pre-matured exit from NPS would force me to purchase an Annuity plan, I was wondering if there is a provision for me to purchase an annuity plan and pledge that for margin?
If so, I would love to exit from NPS (and probably quit corporate to pick up farming ) and use the margin for option selling.
Thanks,
Raj Pawan Gumdal