NPS Withdrawal

NPS Withdrawal

Subscribers are allowed to make premature withdrawals on the following conditions:

• The subscriber must be enrolled under the NPS system for a minimum of three years
• The amount of withdrawal is not more than 25% of the subscriber’s contributions
• A subscriber can make a maximum of three withdrawals thought the tenure of NPS subscription
• Withdrawals can be for particular reasons such as children’s education, marriage, purchase of a property, and treatment of severe illnesses

NPS is an excellent retirement cum pension scheme. Investors will get the dual benefit of tax deductions and retirement planning. NPS is an excellent means to set aside a nominal sum periodically to secure one’s retired life.