NPS withdrawal details
The Pension Fund Regulatory and Development Authority has announced new regulations to amend the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) Regulations, 2015
it was decided to organize public awareness programme by holding Gate Meeting at all offices and wide publicity through Main Media and Social Media
It regards to protect the interests of subscribers and to regulate, promote and ensure orderly growth of the National Pension System and pension schemes to which the Act applies.
Withdrawal of NPS and reintroduction of Old Pension Scheme :The entire Central Government Employees including para Military Personnel are opposing the no guaranteed National Pension System (NPS) and are demanding to the Government to scrap the NPS and to restore the Old Pension Scheme under CCS (Pension) Rules 1972
PFRDA issued procedural guidelines for Partial Withdrawals from NPS for different purpose like treatment for COVID 19 illness and Skill Development and Start ups
PFRDA Circular regarding granting Permission of Partial withdrawals from NPS towards treatment of specified illnesses like COVID-19 cases
PFRDA issued Public Notice to Alert NPS Subscribers PFRDA has issued a Public Notice to alert the NPS Subscribers to beware of fraudulent calls asking huge sum for releasing funds from their Account PUBLIC NOTICE “This is to inform general public that PFRDA is a Regulatory Body and does not …
PFRDA issued Public Notice to Alert NPS Subscribers Read More »
Guidelines on Process to be followed by Subscribers and Nodal Office / POP / Aggregator for processing of partial Withdrawal Request
Fraudulent activities in name of NPS – PFRDA Public Notice Public Notice It has corne to notice that some persons are demanding large sums of money by calling general public with a promise to release funds stated to be lying under NPS/ PFRDA It has also come to our notice …
Fraudulent activities in name of NPS – PFRDA Public Notice Read More »
Lot of queries regarding NPS Withdrawal and Exit Rules, Premature Exit, Retirement Benefits in NPS are raised in various occasions. To clear the doubts regarding NPS withdrawal and Exit benefits , the PFRDA has published a FAQ on NPS Withdrawal and Exit Rules
NPS Partial withdrawal Conditions What are the conditions under which partial withdrawal can happen? Conditions: 1. NPS subscriber for atleast 3 years. 2. Withdrawal is allowed for some specific purposes only. a) For the higher education of children b) For the marriage of children c) For the purchase/construction of residential …
