Good news! Subscribers can withdraw up to 25 per cent after 3 years in NPS

Move is in right direction as its give subscriber liquidity and allows them to meet their goals, say analysts

The Pension Fund Regulatory and Development Authority (PFRDA) has relaxed norms for partial withdrawals for subscribers of National Pension Scheme (NPS). The pension regulator has allowed NPS subscribers who have contributed for three years to withdraw up to 25 per cent of the corpus subject to certain conditions. Earlier NPS subscribers were allowed to withdraw from the corpus only after completion of 10 years.

Withdrawals are allowed for higher education and marriage of children, including a legally adopted child, purchase or construction of a residential house or flat, and treatment of various specified illnesses like cancer, kidney failure, stroke, major