PFRDA has made the online withdrawal process mandatory since 2016. You will receive communication from the Central Record-keeping Agency (CRA) six months before turning 60.
NPS withdrawal rules are based on the subscriber’s employer. They vary with different sectors and situations.
Withdraw all funds if ≤ Rs 5 lakhs. For amounts >Rs.5 lakhs, withdraw 60% and buy annuity plans for 40%. Can postpone withdrawal till 70 years.