Para 15 — NPS
NPS
Original Rule Text
15. Conditions for withdrawal from Tier-I. Following conditional are required to be fulfilled before withdrawal from Tier-I account:
a. Subscriber should be in NPS at least for 3 years; b. Withdrawal amount will not exceed 25% of the contributions made by the Subscriber; c. Withdrawal can happen maximum of three times during the entire tenure of subscription. d. Withdrawal is allowed only against the specified reasons, for example: i. Higher education of children; ii. Marriage of children; iii. For the purchase/construction of residential house; iv. For treatment of Critical illnesses.