Particle.news
Download on the App Store
3 ARTICLES
·
1h ago

NPS Overhaul Takes Effect Oct. 1: 100% Equity Option and Multiple Scheme Framework for Non-Government Investors

Regulators are weighing easier exits after 15 years with higher lump‑sum access to make the retirement plan more flexible.

Image

Overview

  • From October 1, 2025, non-government NPS subscribers can allocate up to 100% to equities under the new Multiple Scheme Framework.
  • Investors will be able to run schemes from different Central Record Keeping Agencies under a single PRAN, expanding operational flexibility.
  • Pension fund managers will be allowed to offer more than one scheme per tier, broadening choices across asset mixes.
  • PFRDA has floated draft changes proposing a 15‑year exit option, higher lump‑sum limits, and easier partial withdrawals for education, medical needs, and home construction.
  • Further proposals under discussion include raising small‑corpus and premature withdrawal thresholds, extending the joining age to 70, permitting up to six partial withdrawals, and exploring loan access against NPS.