Circular Date: 10.01.2018 Cir. No PFRDA/2018/40/Exit. Guidelines for the partial withdrawals under National Pension System (NPS) CPS Employees ...

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Circular Date: 10.01.2018 Cir. No PFRDA/2018/40/Exit. Guidelines for
the partial withdrawals under National Pension System (NPS) CPS Employees ...

To
CEO,
National Pension System Trust/Central recordkeeping Agencies/Pension Funds Trustee Bank/Govt. Nodat Offices/Points of Presence Aggregators

Dear Sir/Madam

SUBJECT: GUIDELINES ON PROCESS TO BE FOLLOWED BY SUBSCRIBERS AND NODAL OFFICE/POP/AGGREGATOR FOR PROCESSING OF PARTIAL WITHDRAWAL REQUEST

           Pension Fund Regulatory and Development Authority (Exits and Withdrawal under the National Pension System (First Amendment Regulations 2017 have been notified/publisned on the website (www.egazette.nic.in.) w e.f.10.08.2017. in light of this Circular dated 21.03.2016 has been modified and norms for partial withdrawals have been liberalized This circular shall be effective from the date of the notification of first amendment i e. 10-08-2017 2. As per Regulation B of the PFRDA (Exit and withdrawal from National Pension System) (first amendment Regulations 2017, following provisions have been notified in respect of the partial withdrawals under National Pension System (NPS).- (1) A partial withdrawal of accumulated pension wealth of the subscriber, not exceeding twenty-five per cent. of the contributions made by the subscriber and excluding contributions made by employer, if any, at any time before exit from National Pension System subject to the terms and conditions, purpose frequency and limits specified below (A) Purpose: A subscriber on the date of submission of the withdrawal form. chau permited to withdraw not evranding twenty-five percent, of the.........