The normal exit from NPS – Swavalamban account is at the age of 60. However early exit is also permitted with certain conditions. Withdrawal process details are as follows:
In case of death of a Subscriber, the following options can be exercised by the Nominee:
Option 1:
Option 2:
If the nominee wishes to continue with the NPS, he/she shall have to subscribe to NPS individually after following prescribed KYC norms, contact the aggregator for subscribing into NPS - Swavalamban.
Withdrawal forms are available on the NSDL-CRA Corporate Website (http://www.npscra.nsdl.co.in). Subscriber can also send an e-mail to npsclaimassist@nsdl.co.in or info.cra@nsdl.co.in to get the Withdrawal forms on their e-mails.
Subscriber can send an e-mail to info.cra@nsdl.co.in or npsclaimassist@nsdl.co.in for any query.
The below table provides details of different forms for different categories of withdrawal requests:
Type of Withdrawal | Swavalamban |
Request | (NPS-Lite) Sector |
Superannuation | 501 |
Premature Exit | 502 |
Death | 503 |