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Friday, January 17, 2014

ON GUIDELINES FOR WITHDRAAWAL OF 25% OF ACCUMULATED CONTRIBUTIONS BY NPS SUBSCRIBERS

ON GUIDELINES FOR WITHDRAAWAL OF 25% OF ACCUMULATED CONTRIBUTIONS BY NPS SUBSCRIBERS


PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

EXPOSURE DRAFT

ON GUIDELINES FOR WITH DRAWL OF 25% OF ACCUMULATED CONTRIBUTIONS BY NPS SUBSCRIBERS
Issued on: 15th January,2014
Last date to accept Comments: 15th February, 2014

As per chapter VI, Sec 20 (2b) of the PFRDA act, 2013 it has been provided that withdrawals, not exceeding twenty-five percent (25%) of the contribution made by the subscriber, may be permitted from the individual pension account subject to the conditions, such as purpose, frequency and limits as may be specified by the regulations.


Keeping the above in perspective, the draft guidelines for withdrawal of 25% of accumulated contributions by NPS subscribers are proposed and comments from the public and all concerned are invited. It may also be noted that suggestions on addition/alteration in the proposed guidelines can also be given. Comments/feedback may be forwarded by email to the e-mail id k.sumit@pfrda.org.in  latest by 15.02.2014. Comments should be given in the following format:

Name of entity/person
Sr. No.
Pertains to which Section? Sub-section and page number
Proposed/suggested chages
Rationale






Written comments in the above format may be addressed to:
Mr.Sumit Kumar
Dy.General Manager
Pension Fund regulatory & Development Authority
1st Flor, ICADR Building, Vasant Kunj Institutional area Phase –II
Vasant Kunj, New Delhi – 110070


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