{"id":191534,"date":"2018-02-21T17:10:03","date_gmt":"2018-02-21T11:40:03","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=191534"},"modified":"2018-02-21T17:10:03","modified_gmt":"2018-02-21T11:40:03","slug":"pension-regulator-pfrda-relaxes-norms-allows-partial-withdrawal-national-pension-system","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2018\/02\/21\/pension-regulator-pfrda-relaxes-norms-allows-partial-withdrawal-national-pension-system\/","title":{"rendered":"Pension regulator PFRDA relaxes norms, allows partial withdrawal under National Pension System"},"content":{"rendered":"<p style=\"text-align: justify;\">Relaxing the norms, PFRDA has permitted partial withdrawal of funds under the National Pension System (NPS) for specified purposes i.e. for purchase of residential premises, treatment of critical illness (like cancer, kidney failure, coronary artery bypass graft, heart valve surgery and paralysis), higher education and marriage of children.<\/p>\n<p style=\"text-align: justify;\">NPS subscribers who have contributed for three years can now withdraw up to 25 percent of the corpus for meeting specified expenses. The withdrawal will be also permitted for purchase\/ construction of residential house or flat. Whilst, in case the subscriber already owns either individually or in the joint name a residential house or a flat, other than ancestral property, no withdrawal will be permitted.<\/p>\n<p style=\"text-align: justify;\">Note: NPS is government&#8217;s flagship social security programme.<\/p>\n<p style=\"text-align: justify;\">[Source: The Business Standard]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relaxing the norms, PFRDA has permitted partial withdrawal of funds under the National Pension System (NPS) for specified purposes i.e. for purchase <\/p>\n","protected":false},"author":91,"featured_media":46431,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[],"class_list":["post-191534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news"],"yoast_head":"<!-- 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of Norms for National Pension Scheme","author":"Saba","date":"March 28, 2018","format":false,"excerpt":"The Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms. The details are as under: Partial withdrawal during the service: The Pension Fund Regulatory and Development Authority (PFRDA), with an objective to meet the subscriber\u2019s sudden financial requirement enrolled under NPS, has\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/Pension.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/Pension.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/Pension.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/Pension.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/05\/Pension.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":221583,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/10\/30\/pension-fund-regulatory-and-development-authority-permits-overseas-citizen-of-india-to-enroll-in-national-pension-scheme\/","url_meta":{"origin":191534,"position":1},"title":"Pension Fund Regulatory and Development Authority permits Overseas Citizen of India to enroll in National Pension Scheme","author":"Bhumika Indulia","date":"October 30, 2019","format":false,"excerpt":"Pension Fund Regulatory and Development Authority (PFRDA) has now permitted Overseas Citizen of India (OCI) to enroll in National Pension Scheme (NPS) at par with Non-Resident Indians vide Circular No: PFRDA\/2019\/19\/PDES\/3 dated 29th\u00a0October 2019. The Government vide notification S.O. 3732(E) dated 17th\u00a0October, 2019 on Foreign Exchange Management (Non-debt Instruments) Rules,\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":352547,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/07\/06\/regulations-to-operationalize-unified-pension-scheme\/","url_meta":{"origin":191534,"position":2},"title":"PFRDA notifies Regulations to operationalize the Unified Pension Scheme","author":"Kriti","date":"July 6, 2025","format":false,"excerpt":"The Unified Pension Scheme was introduced to strengthen retirement security for Central Government employees through transparency, flexible and tax-efficient options.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Unified Pension Scheme","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/07\/Unified-Pension-Scheme.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/07\/Unified-Pension-Scheme.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/07\/Unified-Pension-Scheme.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/07\/Unified-Pension-Scheme.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":315606,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/29\/pfrda-notifies-redressal-of-subscriber-grievance-second-amendment-regulations-2024-legal-news\/","url_meta":{"origin":191534,"position":3},"title":"PFRDA decreases turnaround time for grievance redressal to 21 days","author":"Kriti","date":"February 29, 2024","format":false,"excerpt":"On expiration of turnaround time, complainant can file appeal with the Ombudsman.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Redressal of Subscriber Grievance","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Redressal-of-Subscriber-Grievance.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Redressal-of-Subscriber-Grievance.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Redressal-of-Subscriber-Grievance.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Redressal-of-Subscriber-Grievance.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":127041,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/04\/26\/pfrda-smoothens-process-of-registration-of-retirement-advisers\/","url_meta":{"origin":191534,"position":4},"title":"PFRDA smoothens process of registration of &#8216;Retirement Advisers&#8217;\u00a0","author":"Saba","date":"April 26, 2017","format":false,"excerpt":"In order to smoothen the process of registration of Retirement Advisers, Pension Fund Regulatory and Development Authority (PFRDA) has transformed the process of submitting application from physical mode to online mode. The applicants can now submit their application online and upload scanned images of all the required documents. This will\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":360548,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/09\/18\/unified-pension-scheme-extension-central-govt-employees-deadline-update\/","url_meta":{"origin":191534,"position":5},"title":"Unified Pension Scheme Extension: Eligibility, Procedure, and Deadlines for New Entrants","author":"Shubhi","date":"September 18, 2025","format":false,"excerpt":"PFRDA extends the final date for newly appointed Central Government employees to exercise the one-time option to switch from NPS to UPS until 30th September.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Unified Pension Scheme Extension Update","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Unified-Pension-Scheme-Extension-Update.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Unified-Pension-Scheme-Extension-Update.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Unified-Pension-Scheme-Extension-Update.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/Unified-Pension-Scheme-Extension-Update.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/191534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/91"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=191534"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/191534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/46431"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=191534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=191534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=191534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}