NEW DELHI : National Pension System (NPS) subscribers will now be able to withdraw funds from their NPS accounts to meet any expenses related to the treatment of the highly contagious coronavirus disease which has affected more than 6,400 people and killed nearly 200 in India.
In a circular, the Pension Fund Regulatory and Development Authority of India (PFRDA) said it is allowing partial withdrawal to meet expenses related to Covid-19 treatment as the pandemic falls under the category of critical illness which is life threatening in nature.
The partial withdrawals shall be permitted to fulfil financial needs of the subscribers, if required to him/her against the request placed for partial withdrawals towards treatment of the illness of