NPS Partial withdrawal Conditions
What are the conditions under which partial withdrawal can happen?
1. NPS subscriber for atleast 3 years.
2. Withdrawal is allowed for some specific purposes only.
a) For the higher education of children
b) For the marriage of children
c) For the purchase/construction of residential house or flat in his or her own name or in a joint name with his or her legally wedded spouse. In case, the subscriber already owns either individually or in the joint name a residential house or flat, other than ancestral property, no withdrawal under these regulations shall be permitted.
d) Treatment for prescribed illnesses — suffered by subscriber, his legally wedded spouse, children including a legally adopted child and dependent parents.
Prescribed illnesses includes:
(ii) Kidney Failure (End Stage Renal Failure);
(iii) Primary Pulmonary Arterial Hypertension;
(iv) Multiple Sclerosis;
(v) Major Organ Transplant;
(vi) Coronary Artery Bypass Graft;
(vii) Aorta Graft Surgery;
(viii) Heart Valve Surgery;
(x) Myocardial Infarction
(xii) Total blindness;
(xiv) Accident of serious/ life threatening nature.
(xv) Any other critical illness of a life threatening nature as stipulated in the circulars, guidelines or notifications issued by the Authority from time to time.