The CRA-NSDL, Mumbai has furnished the following list of subscribers whose Nominee, Bank, Mobile No. and Email-ID are not available. DDOs are requested to make the subscribers aware of the need to have all the above details updated.
As per Pension Fund Regulatory & Development Authority (PFRDA) Exit Rules, following Withdrawal categories are allowed :
A) Upon Normal Superannuation : NPS subscribers may initiate the withdrawal request (Online) in the CRA system six months before the age of Superannuation or on reaching the age of 60 years. At least 40% of the accumulated pension wealth of the Subscriber has to be utilized for purchase of annuity providing for monthly pension of the Subscriber and the balance is paid as lump sum to the subscriber. In case the total corpus in the account is less than Rs. 2 Lakhs as on the Date of Retirement (Government sector)/attaining the age of 60 (Non-Government sector), the Subscriber (other than Swavalamban subscribers) can avail the option of complete Withdrawal.
C) Exit from NPS Before the age of Normal Superannuation : At least 80% of the accumulated pension wealth of the Subscriber should be utilized for purchase of an annuity providing the monthly pension of the Subscriber and the balance is paid as a lump sum to the Subscriber.