NPS Pension Rules Undergo Major Overhaul: Millions to be Affected by New Withdrawal Norms
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News18•16-01-2026, 12:45
NPS Pension Rules Undergo Major Overhaul: Millions to be Affected by New Withdrawal Norms
- •A special committee formed by PFRDA is drafting new rules for NPS withdrawals and pension payments to protect subscriber interests.
- •The committee, led by Dr. M.S. Sahoo, aims to provide stable and reliable guaranteed pensions under NPS, aligning with 'Self-Reliant India' vision.
- •New guidelines will simplify fund transfers, secure market-determined pension payments, and clarify withdrawal limits during the NPS lock-in period.
- •The committee will also focus on capital rules for risk reduction, tax regulations for pension sales, and robust customer protection measures.
- •These changes are a crucial step to strengthen NPS, ensuring a secure and reliable income for millions during retirement.
Why It Matters: PFRDA is revamping NPS rules to ensure stable, reliable, and secure pension income for subscribers post-retirement.
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