NPS Light Swallow: The Pension Fund Control and Development Authority (PFRDA) has announced that people who invest in the NPS Light Swalamban scheme will now be able to exit before the age of 25. According to the new amendment, NPS Light Swalamban subscribers are now allowed to invest for at least 25 years. But this exemption is only available for certain special circumstances. If NPS subscribers are not eligible to migrate to the Atal Pension Scheme and their pension amount is not more than Rs 1 lakh, they will be able to exit the scheme before 25 years.

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In a new circular issued on July 2, the PFRDA stated, “According to the 6th Amendment of Exit Control, Swalamban subscribers do not exceed one lakh and are not eligible to migrate to the Atal Pension Scheme. You can exit first. But if the Government of India is a co-contributor, the amount earned on that amount is deducted from the return. The cumulative inflow of such people is calculated as the contribution of government.

Also, such self-reliant investors who are 43 years of age and are unable to migrate to the APY (Atal Pension Scheme) and their corpus are 1.04 lakhs, which includes 4500 government contributions and income that can be exited prematurely. It is stated in the Circular that all such persons subject to this rule may make their claim.

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