InvestorQ : What is the guidance issued by the government on partial withdrawal of NPS?
krithika Saxena made post

What is the guidance issued by the government on partial withdrawal of NPS?

Answer
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Anisha Awate answered.
5 months ago


The Pension Fund Regulatory and Development Authority of India (PFRDA) has allowed the subscribers of the National Pension Scheme (NPS) to withdraw amount partially from their respective NPS accounts. The same has been allowed only for the purpose of treatment of coronavirus and no other purpose shall be served.

The subscriber can withdraw the amount for the treatment of self, spouse, children and dependent parents. However, no clarification has been issued regarding the maximum withdrawal limit. Also, the guidance is for NPS subscribers only and hence is not applicable to Atal Pension Yojana (APY).