Partial Withdrawal Made Easy

The Pension Fund Regulatory Development Authority (PFRDA) has relaxed the norms to allow partial withdrawals from NPS accounts. “Partial withdrawals will now be allowed to NPS subscribers who wish to improve their employability or acquire new skills by pursuing higher education/acquiring professional and technical qualifications,” PFRDA said in a statement. Its board has also cleared 25 per cent increase in the equity investment cap (from 50 to 75 per cent) for private sector subscribers in the active choice category. However, subscribers can only avail the option until the age of 50.