According to the new rule, NPS account holders can now withdraw only a maximum of 25 per cent of the total deposited amount. Furthermore, withdrawals will be restricted to specific situations such as children's education, wedding expenses, buying a house, starting a
business, treatment of specified illnesses and similar circumstances.
A subscriber is allowed to make a maximum of three partial withdrawals during their entire subscription tenure under the National Pension System.
Note: This new rule was announced by PFRDA through a notification on January 12 and will come into effect from February 1, 2024.
