National Pension System – NPS – Partial Withdrawals

No.2016/F(E)III/1(1)/3, dated 24.04.2020

Sub: Partial withdrawal from National Pension System (NPS) for different purpose and procedural guidelines.

1. A copy each of the Pension Fund Regulatory and Development Authority (PFRDA) circular No.PFRDA/2020/7/REG-EXIT/1, dated 09.04.2020 and No.PFRDA/2018/47/Reg-Exit/4, dated 24.05.2018 on partial withdrawals under National Pension System for different purposes and No.PFRDA/2018/40/Exit, dated 10.01.2018 & No.PFRDA/2016/7/Exit/2, dated 21.03.2016 providing procedural guidelines for partial withdrawal are enclosed for information and compliance. The instructions contained in these circulars shall apply mutatis mutandis on Railways also.

2. The instructions on Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) Regulations, 2015 and amendments thereto mentioned in the above circulars have been adopted on Railways vide letter of even number dated 27.05.2016 (RBE No. 55/2016) and 23.04.2020.

Download Railway Board Circular dated 24.04.2020

Forward reference ⇒ RBE No.