PFRDA Amended NPS Exit Rules 

Organisation

PFRDA

Major Changes

✅ Lock-in period removed

✅ Lump Sum Withdrawal
80% (Earlier 60%)

Remaining:
20% compulsory annuity

Maximum Age

75 → 85 years

Vesting Period

15 years OR 60 years of age

Withdrawals

Before retirement

• Maximum 4 withdrawals
• Gap: 4 years

After retirement

• Unlimited
• Gap: 3 years

UPSC Importance

Economy
Social Security
Pension reforms