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Friday, January 17, 2014

PFRDA Circulars - Exposure draft on Guidelines for Withdrawal of 25% of Accumulated Contributions by NPS Subscribers

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PFRDA Circulars - Exposure draft on Guidelines for Withdrawal of 25% of Accumulated Contributions by NPS Subscribers

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY 

EXPOSURE DRAFT 

ON GUIDELINES FOR WITHDRAWAL OF 25 % OF ACCUMULATED CONTRIBUTIONS BY NPS SUBSCRIBERS

Issued on: 15th January, 2014 

Last date to accept Comments: 15th February, 2014 

As per Chapter VI, Sec 20 (2b) of the PFRDA act, 2013 it has been provided that withdrawals, not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from the individual pension account subject to the conditions, such as purpose, frequency and limits as may be specified by the regulations.



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