NPS Exit Rules: Want to know how to exit from the National Pension System (NPS)? Here is what you should know. A subscriber can exit from NPS only in accordance with rules prescribed under the PFRDA (Exits and Withdrawals under NPS) Regulations, 2015 which were notified on 11 May, 2015.
Pension Fund Regulatory and Development Authority (PFRDA) is the regulator for the promotion and development of an organised pension system in the country. The said regulation is a comprehensive document giving details of all the benefits that can be withdrawn under the National Pension System and the applicable conditions thereof. The said regulation is available on our website at www.pfrda.org.in.
Under National Pension System (NPS), The Central Recordkeeping Agency (CRA) has been entrusted with the responsibility of receiving instructions related to all types of withdrawals, processing and settlement of all such claims from NPS account holders under National Pension…