The lock-in period for the National Pension Scheme (NPS) is up to 60 years of the insured individual.

However, this doesn’t mean that the individual cannot withdraw his/her retirement contribution. Given that NPS is a retirement-focused tool, the government doesn’t allow subscribers to withdraw their money easily. However, in case an individual requires money and if he/she has been investing in the scheme for at least three years, then the individual may withdraw up to 25% for certain purposes. These special purposes are:

- Children’s wedding

- Children’s higher studies

- Building/buying a house or medical treatment of self/family, among others.

Furthermore, one can make a withdrawal for up to three times (with a gap of five years) in the entire tenure. These restrictions are only imposed on Tier-I accounts and not on Tier-II accounts.