25% withdrawal from pension corpus after 3 years

To make the scheme more attractive, norms  for partial withdrawal  under the NPS  have been  relaxed  by PFRDA.

NPS subscribers  who have contributed for three years  can now withdraw  up to 25% of the corpus  subject to conditions. Earlier, NPS subscribers were allowed to make a withdrawal  from the corpus  only after 10 years.

Such withdrawals, however,  will be allowed only for higher education of child, marriage of child, purchase of a residential house   and treatment of illnesses of life threatening nature stipulated in the circular.

Subscribers are allowed to withdraw only  a maximum of three times  during the entire tenure.

Source: The Times of India, New Delhi, January 17, 2018, page 23