Need funds but locked in NPS? Here’s how you can make partial withdrawals

Investing in the National Pension System is a long-term commitment, but life doesn’t always wait until retirement. While NPS has a strict lock-in period, the Pension Fund Regulatory & Development Authority allows partial withdrawals under specific conditions—offering a way to access some of your savings without breaking the long-term retirement plan. However, there’s a catch: only the principal amount contributed by the individual is eligible for withdrawal, while the employer’s contributions and investment returns remain untouched. Read this | Slow and steady: How a passive approach to investing secured this Mumbai-based CEO's retirement future In the unfortunate event of the subscriber’s death, the entire corpus is available for withdrawal by the nominee or legal heir. Understanding these rules can help you plan your NPS withdrawals wisely, ensuring you make the most of your retirement savings while maintaining financial flexibility for life's major expenses.