New Delhi, April 24 -- National Pension System (NPS) is a long-term investment option, designed for individuals to build a steady retirement corpus. The scheme provides multiple withdrawal options upon retirement and before, which include lump sum withdrawals, annuity-based income, phased withdrawals and partial withdrawals under certain situations.

Subscribers must note that NPS has undergone major changes to its withdrawal rules after the Pension Fund Regulatory and Development Authority (PFRDA) revised the exit and withdrawal norms late last year. The new rules, effective in 2026, give individuals more flexibility in how and when they can withdraw their savings.

Withdrawal rules differ for government and corporate employees. While th...