New NPS Rule 2023:

There is big news for that investment in the National Pension System (NPS).

[{"selector":"#anim-953d57c2-72ea-4e2d-87f0-99e52b2ddee5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-62.450132750872264%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-955dc82f-1cc9-4214-b563-12318fd7dfc7","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6aeca9a9-b554-4936-afd9-e5ee56f29b71","keyframes":{"transform":["translate3d(0px, 143.24687%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Pension Fund Regulator and Development Authority (PFRDA) has made a big change in the rules of NPS from 1 April 2023.

[{"selector":"#anim-a181a644-409a-4139-afb6-c972897144fe [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-45.4166665528924%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-02ac9de3-f5f9-4ee9-9271-b6ecb545f96e","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a5f882aa-7969-438a-be45-9ad7b145279b","keyframes":{"transform":["translate3d(0px, 153.01588%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] To make annuity payments faster and easier, PFRDA has made it mandatory for customers to upload selected documents.

[{"selector":"#anim-4525f6db-9951-474c-854a-9b1209e5f466 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(23.98292302619068%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-96b26cc0-5c31-41c1-8f62-25340d217b47","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-987c5b2d-27e4-40a6-8736-8424ad87f8a7","keyframes":{"transform":["translate3d(0px, 163.01588%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Required new documents: 1- NPS Exit/Withdrawal Form 2- Identity Froff and Specialization

[{"selector":"#anim-90fc67b5-38c2-430c-afa9-7ffeabf61736 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(33.74999988622572%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-09690a72-0cb4-4d13-88ca-248dc3cb4d47","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04386466-c9e1-450a-9722-ab49693cc3f5","keyframes":{"transform":["translate3d(0px, 239.33591%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 3- Address proof 7- Bank Account Proof 5- Copy of PAN Card

[{"selector":"#anim-bb67ec56-eb0e-44c6-a5f8-8d0a7fbb8587 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.21176850309571%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5ed4aaeb-ee47-47f1-8ad4-2eb5082d727a","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-257fe5a9-fe70-47b8-af8e-5de3cab3e24d","keyframes":{"transform":["translate3d(0px, 151.58733%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] PFRDA has asked subscribers and nodal officers /pops /corporate to upload the concerned CRA user interface documents.

[{"selector":"#anim-13e8f968-76c5-48f6-afdb-9c6d72d37c38 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(53.33333321955905%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-be0688c8-bcc4-45c9-93ec-f4fe647e42c5","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-78cf435b-5d89-49c0-8e46-9a8d4e6bb78e","keyframes":{"transform":["translate3d(0px, 151.58733%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] All these documents will now be required to upload to those who want to get annuity income from April 1, 2023.

[{"selector":"#anim-b4cb5d16-6be5-47d2-bae1-7c0b827db0ce [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(19.70881017535054%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3afc125a-bfbc-4ac0-a297-a08c4480dd8a","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b2e153d3-f7df-446e-a9be-88db6c788938","keyframes":{"transform":["translate3d(0px, 143.24687%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] According to the PFRDA circular, all nodal offices/POPs/corporate subscribers will tell about the importance of uploading documents.

[{"selector":"#anim-acbf1320-c9f6-4ba7-9802-71dab932ed0b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-0.043317268070549586%, 8.574380663788654%) scale(0.8264462809917356)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5d6c7bb4-5141-412b-8c2a-4ab4373eaf92","keyframes":{"opacity":[0,1]},"delay":700,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-13d5a044-0784-4f94-a2cd-3454699034b1","keyframes":{"transform":["translate3d(-115.14196%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Let us tell you that it takes several months to get a withdrawal and annuity from the National Pension System (NPS). NPS Rule 2023