PFRDA (Exits and Withdrawals under the National Pension System) Amendment Regulations, 2025
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The PFRDA (Exits and Withdrawals under the National Pension System) Amendment Regulations, 2025, notified on December 12, 2025, revise the 2015 regulations to enhance flexibility for NPS subscribers across government, non-government, and NPS-Lite categories. These changes apply to all NPS pension schemes, allowing deferred exits up to age 85 and introducing provisions for citizenship renunciation, missing subscribers, and scheme-specific rules.​
Government Subscribers
- Retirement exit age extended to 85 years, with minimum 40% corpus for annuity and the rest as lump sum or systematic withdrawals.
- Small corpus relaxations: full 100% lump sum if ≤ ₹8 lakh;
- up to ₹6 lakh lump sum if ₹8-12 lakh;
- otherwise up to 60% lump sum.
- On resignation or death, 80% annuity applies unless corpus ≤ ₹5-8 lakh for full withdrawal.​
Non-Government Subscribers
- Mandatory annuity reduced to 20% on exit after age 60, 15 years subscription, or retirement, allowing up to 80% lump sum withdrawal.
- Relaxations: 100% lump sum if ≤ ₹8 lakh; up to ₹6 lakh if ₹8-12 lakh; 80% annuity on early voluntary exit unless ≤ ₹5 lakh. Death allows 100% payout to nominees.​
Key New Provisions
- Full corpus withdrawal permitted on renunciation of Indian citizenship.
- For missing subscribers presumed dead, 20% interim relief to nominees after police report, with balance on court declaration.
- Partial withdrawals now cover loan settlements, up to 25% of contributions, with up to 4 times before 60 (every 4 years) or every 3 years after.​
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