E-NPS Subscribers Can Soon Exit From The Scheme Via Offline

E-NPS Subscribers Can Soon Exit From The Scheme Via Offline Aadhaar Process; Here's What You Need To Do


e-NPS subscribers can soon exit from the scheme via offline Aadhaar process; here's what you need to do
By using offline Aadhaar process, currently, subscribers can open NPS accounts. The PFRDA has decided to make the exit process more agile as per the circular issued on December 22, 2020.
December 24, 2020 / 03:11 PM IST
e-NPS subscribers will soon have an option to opt out from the National Pension Scheme (NPS) through 'Self-authorization'. This has been proposed by the Pension Fund Regulatory and Development Authority (PFRDA).
Subscribers having a corpus up to Rs 10 lakh in their NPS accounts need to provide offline Aadhaar details for an exit. By visiting NSDL website or by filling up the physical withdrawal form and submitting it to the respective Nodal Office/Point of Presence (POP), these subscribers can also exit via an online and offline process.

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