PFRDA notifies revised NPS exit rules
POLITY · PIB ↗
Subscribers can now withdraw up to 60% of the corpus at exit without tax, with the remaining 40% going to an annuity. Partial withdrawal is allowed three times, for listed reasons. The change applies to both Tier I NPS and APY from 1 April 2026.
WHAT THIS BECOMES · 4 LINES
- Up to 60% of the NPS corpus can be withdrawn tax-free at exit. SOURCE ↗
- Partial withdrawal from NPS is permitted three times. SOURCE ↗
- The revised rules apply to APY as well as NPS Tier I. SOURCE ↗
- PFRDA is the regulator for both NPS and APY. SOURCE ↗
TOPIC
- PFRDA ASKED IN 2019, 2023