03 May, 2018 8:11p.m.

PFRDA to allow partial fund withdrawal from NPS for higher education

Pension fund regulator PFRDA today said NPS subscribers will now have the option to partially withdraw funds from their accounts for pursuing higher education or setting up new business.

The decision was taken at the board meeting of the Pension Fund and Regulatory Development Authority (PFRDA) last week.

"Partial withdrawals will now be allowed to National Pension System (NPS) subscribers who wish to improve their employability or acquire new skills by pursuing higher education/ acquiring professional and technical qualifications," the PFRDA said in a statement.

Read more @ https://economictimes.indiatimes.com/wealth/personal-finance-news/nps-subscribers-allowed-to-partially-withdraw-fund-for-education-setting-up-business/articleshow/64017069.cms



Latest in Important News
Latest in Other News Sections
Budget 2019 expectations : IT exemption limit likely to be hiked to Rs 5 lakh 🕑 17 Jan,19 9:29p.m.
Researchers develop plants that can remove cancer-causing pollutants 🕑 27 Dec,18 12:59p.m.
6 months of aerobic exercise reverses brain ageing by 9 years 🕑 24 Dec,18 2:31p.m.
All you need to know about NPS changed withdrawal norms 🕑 24 Dec,18 11:47a.m.
Scientists succeed in destroying HIV-infected cells 🕑 22 Dec,18 10:22p.m.
Johnson and Johnson talcum powder samples seized across country for testing 🕑 19 Dec,18 1:26p.m.
Govt. for levy on petrol and diesel cars to push to push e-vehicles 🕑 19 Dec,18 1:20p.m.
Tax changes in 2018 that will affect you 🕑 19 Dec,18 1:09p.m.
Google maps now shows auto-rickshaw routes with estimated fares 🕑 19 Dec,18 11:53a.m.
WhatsApp picture-in-picture mode now available for all Android users 🕑 19 Dec,18 11:07a.m.