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Can I Access My Private NPS Account After Joining Government Sector In 2020?

T S Khurana |388 Answers |Ask -Follow

Tax Expert - Answered on Aug 31, 2024

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more

Asked by Anonymous - Aug 25, 2024Hindi

Money

Dear Sir, I was private employee till 2020 and had NPS account (All citizens scheme) and was contributing from 2012. Now from 2020 onwards joined government organisation and the account was shifted from all citizens to central government sector. Now my doubt or query is Can I withdraw the amount that I have contributed when I was in all citizens scheme. Waiting for your kind reply and suggestions.

Ans: Since you have contributed to this scheme for more than 3 years, You can partially withdraw the amount, for some specific purpose.
Most welcome for any further clarifications. Thanks.

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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I need to know about the shifting of government NPS to individual NPS. In my case, I joined a state government organization in 2013 on an Adhoc basis and the organization opened an NPS account for me and received a PRAN. After that, we (employee and employer) continuously made monthly contributions to my NPS account. Now in the month of March 2022, my adhoc tenure is completed and I left the organization. Now I am at a different organization, where the NPS scheme is not active. Therefore, requested you to kindly suggest some solution to me. Also requested to suggest whether I can keep continuing my NPS account, if yes, kindly suggest the way for that. what to do for that? In this regard a tried a lot to know about it but still did not get any response. I shall be grateful to you if you could kindly provide a solution to my problem.

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