What are the exit rules and procedures for NPS withdrawals?

  1. Exit Rules:
CategoryPremature Exit (before 60)Normal Exit at 60Death before 60 yearsDeferment from withdrawal
Non Govt Sector5 Years or 60 years of age, whichever is applicable. mandatory subscription.<=2.5 lacs: 100% lumpsum>2.5 lacs: 20% lumpsum<=5 lacs: 100% lumpsum>5 lacs: 60% lumpsumPost death after 60, 60% to nominees and 40% to dependents100% corpus can we withdrawn by nomineenominee can opt for annuity if neededUser can choose to defer from withdrawal and stay invested till 75 years of age
Govt Sector<=2.5 lacs: 100% lumpsum>2.5 lacs: 20% lumpsumUser allowed to invest under all citizen post withdrawal post Inter Sector Shifting (ISS)Same as aboveSame as aboveSame as above


2. Partial Withdrawal

  • Minimum Investment Duration: At least 3 years
  • Withdrawal Limit: Up to 25% of the subscriber's contributed amount
  • Frequency: Maximum of 3 withdrawals allowed over the entire tenure
  • Permissible Reasons: Children's marriage, higher education of children, construction/purchase of house, treatment of critical illness, etc.

Note: Upstox does not process this request directly; users need to submit their request through the CAMS portal. Please check your registered email for your login credentials.

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