Partial Withdrawal Guidelines for National Pension System (NPS) – PFRDA Master Circular 2024
The provided document is a Master Circular issued by the Pension Fund Regulatory and Development Authority (PFRDA) on January 12, 2024. It addresses the partial withdrawal of accumulated pension wealth under the National Pension System (NPS). The circular is issued in accordance with the powers vested in the PFRDA under the Pension Fund Regulatory and Development Authority Act, 2013
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
MASTER CIRCULAR
PFRDA/MASTERCIRCULAR/2024/01/CRA-01
12 January 2024
To,
i. Central Recordkeeping Agency (‘CRA’)
ii. National Pension System Trust (‘NPS Trust’)
iii. Government Nodal Offices (i.e. CG, SGs, CABs & SABs)
iv. Point of Presence (‘PoP’)
Madam / Sir,
Partial Withdrawal of Accumulated Pension Wealth under the National Pension System (NPS)
1. This Master Circular is issued in exercise of the powers conferred under Section 14(1) read with Section 14(2)(e) of the Pension Fund Regulatory and Development Authority Act, 2013.
2. This Master Circular rescinds the existing guidelines/instructions on the subject of “Partial Withdrawal of Accumulated Pension Wealth under the National Pension System” and consolidates at one place. The list of underlying circulars rescinded in this Master Circular is furnished in the Appendix.
This Master Circular is issued with the approval of the competent authority.
Yours faithfully,
-sd-
(Ashish Kumar)
Chief General Manager
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