National Pension System: No restriction on premature withdrawals from these accounts - What NPS subscribers must know
The central government subscribers will be allowed to choose any one of the pension funds including Private sector pension funds. They could change their option once a year. However, the current provision of a combination of the Public-Sector Pension Funds will be available as the default option for both existing as well as new government subscribers.
National Pension System: There is no restriction on withdrawals from the Tier-II account of the subscriber. Image source: Reuters