NPS update: Want to withdraw money from pension fund? No documents required; retirement withdrawal limit increased - Check details

If you want to withdraw money from your NPS fund during the Corona period, then you do not need any kind of document and by self declaration you can withdraw 25 percent of the contribution.

According to Pension Fund Regulatory and Development Authority (PFRDA) Chairman Supratim Bandyopadhyay, no documents related to house, marriage or medical is required at the time of partial withdrawal and a person can withdraw the amount by self-declaration.

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As per the information, apart from this, the retirement withdrawal limit has been increased from 2 lakh to 5 lakh that is in case the pension fund amount is less than Rs 5 lakh then the subscribers are allowed to withdraw the entire amount without buying any annuity.

Also, partial withdrawal in NPS is allowed for three times and the premature withdrawal limit has been increased from Rs 1 lakh to Rs 2.5 lakh.