The rules for withdrawing money from NPS account will change from the new year, know what will be the system

New Rule For NPS: During Kovid-19 itself, the rules for withdrawing money under the National Pension System were changed. On the request of the NPS subscriber, rules were made regarding partial withdrawal and online withdrawal of self-declaration was allowed (Online Money Withdrawal Rule). Now PFRDA has said that from January 1, 2023, the facility of online partial withdrawal from NPS through self-declaration will not be available.

This facility will not be given to the subscribers of the government sector. This includes the central government, state government and others in the government sector. PFRDA said in a circular issued on December 23 that after the problems related to the epidemic, lockdown related relaxation, it has now been decided keeping in mind the law and circumstances that it has been made mandatory for all government sector employees to request through nodal Is.

What to do for partial withdrawal

After the implementation of the new rule, now any government sector employee, who wants to make partial withdrawal from NPS account. Instead of declaring himself, he will have to get the declaration done by the nodal. After this, they will be able to partially withdraw money from the NPS account.

The rules have not changed for these people

According to the regulator, this rule does not apply to NPS subscribers from the non-government sector. He can still partially withdraw money from NPS account with self declaration. This means that all subscribers of NPS and all corporate customers, except government employees, can withdraw money through the old process.

News Reels