{"id":194498,"date":"2018-03-28T15:31:45","date_gmt":"2018-03-28T10:01:45","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=194498"},"modified":"2018-03-28T15:31:45","modified_gmt":"2018-03-28T10:01:45","slug":"relaxation-of-norms-for-national-pension-scheme","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2018\/03\/28\/relaxation-of-norms-for-national-pension-scheme\/","title":{"rendered":"Relaxation of Norms for National Pension Scheme"},"content":{"rendered":"<div>\n<p style=\"text-align: justify;\">The Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms. The details are as under:<\/p>\n<ul>\n<li style=\"text-align: justify;\"><strong>Partial withdrawal during the service<\/strong>: The Pension Fund Regulatory and Development Authority (PFRDA), with an objective to meet the subscriber\u2019s sudden financial requirement enrolled under NPS, has liberalized norms for partial withdrawals which also include reduction of requirement of minimum years of being enrolled under NPS from 10 years to 3 years from the date of joining. Suitable amendments were made through \u201cPension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (First Amendment) Regulations, 2017 and the same has been notified on 10.08.2017.<\/li>\n<li style=\"text-align: justify;\"><strong>Increase in the joining age under NPS<\/strong>: With an objective to allow individuals (under NPS-All Citizen Model and Corporate Sector Model) who are in the age bracket between 60 years and 65 years to join NPS system. Suitable amendments were made through \u201cPension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (Second Amendment) Regulations, 2017 and the same has been notified on 06.10.2017.<\/li>\n<li style=\"text-align: justify;\"><strong>Exit in case of disability and incapacitation of the subscriber<\/strong>: With an objective of facilitating easy exit &amp; withdrawal in case of disability and incapacitation of the subscriber covered under NPS, PFRDA has made suitable amendments through \u201cPension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (Third Amendment) Regulations, 2018 and the same has been notified on 02.02.2018.<\/li>\n<\/ul>\n<p style=\"text-align: right;\">Ministry of Finance<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms. The details are as <\/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":[29667,29666],"class_list":["post-194498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news","tag-national-pension-scheme","tag-norms"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Relaxation of Norms for National Pension Scheme | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2018\/03\/28\/relaxation-of-norms-for-national-pension-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Relaxation of Norms for National Pension Scheme\" \/>\n<meta property=\"og:description\" content=\"The Government of India has recently made three changes in the National Pension Scheme (NPS) including withdrawal norms. 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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":191534,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/02\/21\/pension-regulator-pfrda-relaxes-norms-allows-partial-withdrawal-national-pension-system\/","url_meta":{"origin":194498,"position":1},"title":"Pension regulator PFRDA relaxes norms, allows partial withdrawal under National Pension System","author":"Saba","date":"February 21, 2018","format":false,"excerpt":"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. NPS subscribers\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":352547,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/07\/06\/regulations-to-operationalize-unified-pension-scheme\/","url_meta":{"origin":194498,"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":246524,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/04\/05\/central-civil-services-implementation-of-national-pension-system-rules-2021-notified\/","url_meta":{"origin":194498,"position":3},"title":"Central Civil Services (Implementation of National Pension System) Rules, 2021, notified","author":"Prachi Bhardwaj","date":"April 5, 2021","format":false,"excerpt":"The Government has notified Central Civil Services (Implementation of National Pension System (NPS)) Rules, 2021, effective from March 30, 2021. The Rules provide a detailed guideline enlisting various\u00a0 benefits available to NPS employees such as compensation to be paid to the Government servant in case of delay in registration and\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Central-Civil-Services.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Central-Civil-Services.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Central-Civil-Services.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Central-Civil-Services.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Central-Civil-Services.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":112981,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/08\/clarification-by-pension-fund-regulatory-and-development-authority-on-transfer-of-amount-from-recognized-provident-fund-superannuation-fund-to-national-pension-scheme\/","url_meta":{"origin":194498,"position":4},"title":"Clarification by Pension Fund Regulatory and Development Authority on transfer of amount from Recognized Provident Fund &#038; Superannuation Fund to National Pension Scheme","author":"Saba","date":"March 8, 2017","format":false,"excerpt":"In the budget of 2016-17, the Government had announced that the subscribers from recognised Provident Funds and Superannuation Funds would be able to transfer their corpus from these funds to National Pension System (NPS) without any tax implication.\u00a0With the NPS gaining momentum vis-\u00e0-vis other retirement products and a number of\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":194498,"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\/194498","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=194498"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/194498\/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=194498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=194498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=194498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}