NATIONAL PENSION SYSTEM – Partial Withdrawals – New Develpoment introduced in NSDL-CRA system - Processing of Conditional Withdrawal at NPS Subscriber Level
Attention of all the Deputy Directors of District Treasuries in the
State is invited to the subject cited, vide reference in 1st cited guidelines
were issued regarding the processing of partial withdrawal of accumulated
pension wealth of the Subscriber under National Pension System, not
exceeding twenty-fve percent of the contributions made by the Subscriber
only, 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.
And vide reference 2nd cited, necessary instructions were issued to
allow partial withdrawal requests through Self-Declaration of
the subscribers without any supporting documents.
In addition to that, it was informed by the NSDL-CRA, that a new
development was incorporated in NSDL-CRA system regarding processing
of Conditional (Partial) withdrawal requests which are raised through
online by the subscribers without Treasury Ofce authorization with efect
from 01st
September, 2021.
And, the process of conditional withdrawal request in new
development was as under:
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