NPS Early Withdrawal or Exit Rules
1. Upon Superannuation: Upon reaching the age of 60, or the age of superannuation, a minimum of 40% of the accumulated pension corpus must be used to purchase an annuity that delivers a recurring monthly pension for the contributor. The remaining funds are easily accessible in the form of a single-sum withdrawal. A single sum withdrawal of 100% is permissible for subscribers whose total accumulated pension fund is equivalent to or less than ₹5 lakh.
2. Pre-Mature Exit: Before reaching the age of superannuation or turning 60, a minimum of 80% of the subscriber’s accumulated pension fund must be used to purchase a monthly income-generating annuity in the event of a premature exit. The subscriber may execute a single sum withdrawal of 100% if the total corpus is equal to or less than ₹2.5 lakh.
3. Demise: Subsequent to the subscriber’s demise, the designated legal beneficiary or designated pension fund in the full amount (100 percent) would be an advanced payment.
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