NPS partial withdrawal rule changes from February 2024: How does it work, when should you go for it?
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, said NPS partial withdrawals are tax-exempt, and suggested keeping a separate emergency corpus and adequate health insurance so the retirement corpus is not drawn down.
More of Abhishek's views on retirement
This February 2024 explainer sets out PFRDA's revised NPS partial withdrawal rules, effective February 1, 2024: after three years, up to 25% of the subscriber's own contributions, excluding employer contributions and returns, for listed purposes such as children's education or marriage, a first home or specified illnesses. It covers the three-withdrawal limit, the five-year gap, how to apply and tax, with comments from Abhishek Kumar.
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NPS partial withdrawal rule changes from February 2024: How does it work, when should you go for it?