New Delhi, April 23 -- The National Pension System (NPS) has seen major withdrawal rule changes after the Pension Fund Regulatory and Development Authority (PFRDA) revised the exit and withdrawal norms, late last year. The new rules, effective into 2026, give subscribers more flexibilityin terms of how and when they can withdraw their savings.

Here's a look at the new rules on how NPS withdrawals work before retirement and after retirement:

The government employees who exit prematurely must use 80 per cent of the APW to buy an annuity, and the remaining can be withdrawn as a lump sum or SLW or SUR.

(Premature withdrawal rules remain same as earlier)

For both the sectors, in case the total APW is Rs.5 lakh or less, full withdrawal in l...