NPS Funding Withdrawal Times Were Cut In Half

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The Pension Fund Regulatory and Development Authority (PFRDA) halved the processing time.

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For withdrawing funds under the National Pension System (NPS).

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Requests can now be processed within two days after they are submitted.

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The withdrawal requests of subscribers at the time of exit will now be executed on working/settlement days.

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PFRDA, central accounting authorities (CIA),

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pension funds (PF) and custodian intermediaries have improved the system interface.

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Enhancing their IT capabilities, reducing the timelines for various transactions under the National Pension Scheme.

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