The Pension Fund Regulatory and Development Authority (PFRDA) has issued the 2025 amendment regulations for exits and withdrawals under the National Pension System (NPS). These regulations update the procedures for lump sum withdrawals, annuity purchases, and systematic unit redemptions for government, non-government, and NPS-Lite/Swavalamban subscribers. Key changes include new provisions for subscribers who are missing or presumed dead, as well as updated thresholds for lump sum withdrawals based on accumulated pension wealth. The notification also clarifies the treatment of individual pension accounts upon superannuation, resignation, or death. These amendments are effective from the date of their publication in the Official Gazette.

The Pension Fund Regulatory and Development Authority (PFRDA) has issued the 2025 amendment regulations for exits and withdrawals under the National Pension System (NPS). These regulations update the procedures for lump sum withdrawals, annuity purchases, and systematic unit redemptions for government, non-government, and NPS-Lite/Swavalamban subscribers. Key changes include new provisions for subscribers who are missing or presumed dead, as well as updated thresholds for lump sum withdrawals based on accumulated pension wealth. The notification also clarifies the treatment of individual pension accounts upon superannuation, resignation, or death. These amendments are effective from the date of their publication in the Official Gazette.