PFRDA Changed The Norms For Withdrawal Of National Pension System
National Pension System (NPS) withdrawal rules: The Pension Fund Regulatory and Development Authority (PFRDA) has changed the norms for withdrawal of National Pension System (NPS) for the benefit of subscribers, Shiv Pratap Shukla, Minister of State for Finance, said in a written reply to a question in the Lok Sabha on Friday. To help subscribers meet their sudden financial needs, the requirement of minimum period under NPS for availing the facility of partial withdrawal from the mandatory Tier-I account of the subscriber has been reduced from 10 years to 3 years from the date of joining w.e.f. 10th August, 2017.