Can an NRI withdraw 100% of the NPS amount?

Zerodha (Trade with the best stock broker)

The withdrawal rule in NPS allows 100% of claim only in case of the below scenarios:

  • In case of the death of the subscriber.
  • If the corpus amount is less than Rs 1 lakh in case of an early exit.
  • If the corpus amount is less than Rs 2 lakhs in case of maturity of NPS at the age of 60 years.

In other than the above cases, one cannot withdraw 100% of the amount accumulated in NPS and a certain portion has to be mandatorily utilized towards purchase of an annuity which would provide NRIs a regular income as pension in their retirement life.


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