NPS Withdrawal Rules 2020 | Partial Withdrawal from NPS Procedural Guidelines

NPS Withdrawal Rules 2020 | Partial Withdrawal from NPS Procedural Guidelines

GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAY)
(RAILWAY BOARD)

No.2016/F(E)III/1(1)/3

New Delhi, Dated: 24.04.2020.

The GMs/Principal Financial Advisers,
All Zonal Railways/Production Units etc.,
(As per mailing list)

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

A copy each of the Pension Fund Regulatory and Development Authority (PFRDA)’s circular No.PFRD/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 withdrawals, are enclosed for information and compliance. The instructions contained in these circulars shall apply mutatis mutandis on Railways also.

READ ALSO: Exit and Withdrawal from NPS – Railway Board Orders 2020

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 & 23.04.2020

sd/-
(G. Priya Sudarsani)
Director, Finance (Estt.)
Railway Board

Click to view: Partial Withdrawal from NPS Procedural Guidelines – Railway Board Order 2020 pdf