NPS subscribers will now have the option to partially withdraw funds: PFRDA

Pension fund regulator PFRDA has said that partial withdrawals will now be allowed to National Pension System (NPS) subscribers who wish to improve their employability or acquire new skills by pursuing higher education/ acquiring professional and technical qualifications.

Further, NPS subscribers who wish to set up a new business or acquire new business will also be allowed to make partial withdrawals from their contributions. Earlier, NPS subscribers were allowed to withdraw from the corpus only after completion of 10 years.

May 5th, 2018