The Finance Department, Chandigarh, on January 07, 2026, issued a notification regarding key amendments to the National Pension System (NPS) Regulations, 2025.
The following has been stated: -
•The NPS Regulations (2025) amend the 2015 regulations by expanding key definitions, including “Defer/Deferment” and a revised “Exit” covering superannuation, premature closure, and death.
•New subscriber categories have been defined for the Non-Government Sector, All Citizen Model, and Corporate Sector.
•Government sector subscribers may remain in NPS up to 85 years, with 40% mandatory annuitisation and 60% payable as a lump sum or systematic withdrawals at exit.
•Under NPS-Lite Swavalamban, exit rules vary by age and corpus, allowing higher lump-sum withdrawal at age 60 and a higher annuity requirement for exit before 60.
The detailed notification is given in the document below.
[Notification No.: 65/1/42-UTFII(12)-2026/174]
