The Pension Fund Regulatory and Development Authority (PFRDA) on December 23, 2022, issued a Partial Withdrawal for NPS Subscribers.
The following has been stated namely: -
• The circular no: PFRDA/2021/3/SUP-ASP/3 dated January 14, 2021, on partial withdrawals under NPS through self-declaration for the benefit of subscribers as a special dispensation to cope with the Covid pandemic in order to protect the subscribers' interest and ease the burden of nodal officers including POPs from verification and authorization has been modified
• It is mandatory for all the Government sector subscribers (Central/ State Govt & Central/State Autonomous Bodies) to submit their requests through their associated nodal offices.
• The subscribers belonging to the voluntary segment of the NPS (All citizens and Corporate) may continue to use the process as mentioned in the cited circular.
The above instructions shall come into effect from January 01, 2023.
[Notification No. PFRDA/2022/40/ASP-EXIT/04]
