The Pension Fund Regulatory and Development Authority (PFRDA) rules define that a subscriber is allowed to make partial withdrawal but only up to 25 percent of contribution excluding the employer’s contribution
New NPS partial withdrawal rule: The Pension Fund Regulatory and Development Authority allows subscribers to make partial withdrawals from their accumulated pension wealth in the National Pension System for specific purposes
Here s a look at some of the major changes including NPS partial withdrawal, IMPS new update, SBI home loan campaign offer, Punjab and Sindh Banks special FD deadline, latest SGB tranche and more.
As per the updated rules, NPS subscribers cannot withdraw more than 25 per cent of their contributions to their individual pension account excluding the employer’s contribution.
NPS withdrawal rules: PFRDA has issued a master circular dated January 12, 2024 to facilitate partial withdrawals and guarantee compliance with legislation.