NPS Revamp: New Rules Unlock Flexibility, Extend Investment Horizons for Private Sector and Citizens

Pension Fund Regulatory and Development Authority (PFRDA) eases NPS rules, eliminating the 5-year lock-in for private subscribers. Now, up to 80% lump sum withdrawals are permitted for those with larger corpus. Small investors benefit too, with relaxed annuity purchase rules for smaller amounts. Maximum investment age extended to 85, enhancing retirement flexibility and family protection. Government employee rules remain unchanged.