Partial Withdrawals –New Develpoment introduced in NSDL-CRA system - Processing of Conditional Withdrawal at NPS Subscriber Level Memo:F2 Dt:14.09.21

Partial Withdrawals –New Develpoment introduced in NSDL-CRA system - Processing of Conditional Withdrawal at NPS Subscriber Level Memo:F2 Dt:14.09.21

Attention of all the Deputy Directors of District Treasuries in the State is invited to the subject cited, vide reference in 1st cited guidelines were issued regarding the processing of partial withdrawal of accumulated pension wealth of the Subscriber under National Pension System, not exceeding twenty-five percent of the contributions made by the Subscriber only, excluding contributions made by employer, if any, at any time before exit from National Pension System, subject to the terms and conditions, purpose, limits and frequency.

And vide reference 2nd cited, necessary instructions were issued to allow partial withdrawal requests through Self-Declaration of the subscribers without any supporting documents.

In addition to that, it was informed by the NSDL-CRA, that a new development was incorporated in NSDL-CRA system regarding processing of Conditional (Partial) withdrawal requests which are raised through online by the subscribers without Treasury Office authorization with effect from 01st September, 2021.

And, the process of conditional withdrawal request in new development was as under:

1. Subscriber will initiate a Conditional withdrawal Request from his/her CRA system login

a. This request will be OTP based or

b. AADHAAR e-Sign based.

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