These big changes have come in the rules of NPS | NPS Rule | Jagran Business- Watch Video

Saumya JaiswarPublish Date: 09 May, 2023

National Pension System (NPS) is considered a great option to create a retirement fund. This is a long time investment scheme. Employed people deposit money in this scheme during the job, which is available in the form of pension after retirement. There has been a change in the rules of withdrawal of money from this scheme. The Pension Fund Regulatory and Development Authority (PFRDA) has also informed the subscribers about this. Now before withdrawing the pension corpus some documents have to be uploaded on the Central Record Keeping Agency (CRA).

New Rule for NPS 

The new rules for withdrawal of money from NPS will make annual payment faster and easier for customers exiting the scheme. The new rules related to withdrawal have come into force from April 1, 2023. PFRDA, the authority that regulates the pension system in the country, had earlier said that it would be mandatory to upload documents from April 1, 2023, for timely payment of benefits and annual income to customers.

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