NPS Withdrawal & Exit

NPS subscriber has various withdrawal options.

At Retirement

Subscriber can withdraw from their NPS Tier I account on the date of retirement (for corporate subscribers) or 60 years for (UOS subscribers). Following are the rules for withdrawal:

Premature exit

Subscribers can opt to exit from their NPS account before retirement subject to following conditions:

Upon the death of the subscriber

In the unfortunate event of the death of the NPS subscriber. The entire outstanding corpus in the subscriber’s account will be paid to the nominee. The corpus received by the nominee is fully exempted from tax.

Partial Withdrawal

subscribers can withdraw a partial amount from NPS account subject to following rules:

Withdrawal from NPS Tier II Account

NPS subscribers can withdraw anytime from their Tier II accounts

Know more about benefits of NPS