Tuesday, October 30, 2018

NPS Pension System Partial Withdrawals Comprehensive Guidelines as per Memo.No:F2/3058/2013

NATIONAL PENSION SYSTEM - NPS Partial Withdrawals - Documents to be submitted for availing - Comprehensive guidelines to all Stake-holders -Instructions - Issued as per Cir. Memo No. F2/3058/2013 Dated 29th October 2018 .

NPS Pension System Partial Withdrawals Comprehensive Guidelines as per Memo.No:F2/3058/2013




  1. All the Treasury Officers / PAOs / Nodal Officer
  2. in the State are informed that, Pension Fund Regulatory and Development Authority (Exits and Withdrawal under the National Pension System) Regulations, 2015, 


Read with Pension Fund Regulatory and Development Authority (Exits and Withdrawal under the National Pension System) (First Amendment) Regulations, 2017; and Pension Fund Regulatory and Development Authority (Exits and Withdrawal under the National Pension System) (Third Amendment) Regulations, 2018,

laid down clear guidelines with respect to Partial Withdrawal requests. As per the provision of Regulation No.8 of the Pension Fund Regulatory and Development Authority (Exits and Withdrawal under the National Pension System) Regulations, 2015, the following provisions have been notified in respect of the Partial Withdrawals under National Pension System:-


A partial withdrawal of accumulated pension wealth of the Subscriber, not exceeding twenty-five percent of the contributions made bu the Subscriber and excluding contributions made by employer, if any, at any time before exit from National Pension System subject to the terms and conditions, purpose, limits and frequency specified below:-


A.) Purpose:- A subscriber on the date of submission of the withdrawal form, shall be permitted to withdraw not exceeding twenty-five percent of the contributions made by such subscriber to his individual pension account for any of the following purposes only:-



  • for Higher education of his or her children including a legally adopted child; 
  • for the marriage of his or her children. including a legally adopted child; 
  • for the purchase or construction of a residential house or flat in his or her own name or in a joint name with his or her legally wedded spouse.


 In case, the subscriber already owns either individually or in the joint name a residential house or fiat, other than ancestral property, no withdrawal under these regulations shall be permitted;



  • for treatment of specified illnesses: if the subscriber, his legally wedded spouse, 


children, including a legally adopted child or dependent parents suffer from any specified illness, which shall comprise of hospitalization and treatment in respect of thefollowing diseases:-


  • Cancer
  • Kidney Failure (End Stage Renal Failure); Primary Pulmonary Arterial Hypertension; Multiple Sclerosis
  • Major Organ Transplant
  • Coronary Artery Bypass Graft
  • Aorta Graft Surgery
  • Heart Valve Surgery
  • Stroke
  • Myocardial Infarction
  • Coma
  • Total blindness
  • Paralysis
  • Accident of serious / Life threatening nature
  • Any other critical illness of a life threatening nature as stipulated 


in the circulars, guidelines or notifications issued by the authority from time to time.