Don't withdraw from the NPS corpus unless you are facing an emergency

While new online facility will make part withdrawal convenient, subscribers must exercise restraint

The Pension Fund Regulatory and Development Authority (PFRDA) has made it possible for account holders in the National Pension System (NPS) to make partial withdrawals from this fund through an online process. The enhanced convenience should, however, not encourage account holders to withdraw from this retirement fund unless they are facing an emergency.

Limits and preconditions attached

NPS account holders can make a partial withdrawal from their fund after they have completed three years. There is also a limit to how much they can withdraw. The rules say a subscriber can withdraw up to 25 per cent of his/her own contributions. Suppose