Exit guidelines under National Pension System

It has been decided to  provide an option to withdraw the entire accumulated pension wealth to subscribers

CIRCULAR PFRDA/2013/17 /PDEX/10 23rd October, 2013

In partial modification of exit guidelines provided under master circular no:  PFRDA/2013/2/PDEX/2 (at Serial no: 2 & 3) dt: 22/01/2013, it has been decided to  provide an option to withdraw the entire accumulated pension wealth to subscribers  other than the subscribers of NPS Lite Swavalamban Scheme, subject to the  condition that:

The accumulated pension wealth in the subscribers permanent retirement  account is equal to or less than Rs.2,00,000/- at the time of  superannuation for government employee subscribers or upon attaining  the age of 60 years for subscribers falling under All citizen model and  Corporate model.

The subscribers wishing to exercise this option shall have to fill the attached request  form along with the NPS Withdrawal form while submitting the same to their  DDO/PAO/DTO/POP.

National Pension System (NPS)

Request for withdrawal of Total Pension Wealth upon normal superannuation (for government employees) / Upon attaining the age of
60 years and where the total pension wealth is equal to or less than Rs.2,00,000/-

I _________________________________________ holding a Permanent Retirement  Account with number (PRAN) ————————————————– do  hereby apply for the payment of the accumulated pension wealth in my NPS  account being the full and final benefits receivable by me.

Date:
Place:                                                                                                                                                                                         Signature of the Subscriber

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