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
The Pension Fund Regulatory and Development Authority (PFRDA) has recently came out with a master circular regarding the new rules that will govern partial withdrawal from the National Pension System (NPS). What are the new rules? Who are eligible to withdraw partially from NPS? Is it a good deal? Or should you avoid it to keep your retirement savings intact? All you need to know about the new rules of NPS partial withdrawal.
From 1 February, users can transfer money through IMPS using just the receiver s mobile number and bank account name, without adding a beneficiary or IFSC code
Come February 1, there will be some significant changes in financial rules, such as pension fund partial withdrawal, investment in SGBs, and others, which will affect many people.
NPS withdrawal rules: PFRDA has issued a master circular dated January 12, 2024 to facilitate partial withdrawals and guarantee compliance with legislation.