The Pension Fund Regulatory and Development Authority (PFRDA) has revised the guidelines on entry and exit following an increase in the maximum age for joining the NPS from 65 year to 70 years of age
Updated Jan 17, 2021 | 06:12 IST
NPS subscribers after three years of joining the scheme are eligible for partial withdrawal of 25% of their self-contribution to meet their specific needs as permitted by PFRDA NPS alert! Subscribers can get partial withdrawal amount on fifth day in bank account | Photo Credit: BCCL
New Delhi: PFRDA during the past one year has taken several initiatives and now in its latest move to extend the digital solution to its NPS customers, the department has made the partial withdrawal process also completely online and paperless.
“PFRDA had taken a series of digital initiatives to reduce turnaround time (TAT) for most of its processes and functions in the Subscriber s interest. In this direction towards digital transformation and to provide technology-enabled solutions to its Subscribers, partial withdrawal which is allowed for NPS Subscribers to meet their specific needs, is also made online and paperless which w