India Revises NPS and EPF Rules to Ease Retirement Fund Withdrawals and Access

Recent changes to India's National Pension System (NPS) and Employees' Provident Fund (EPF) rules aim to enhance flexibility in accessing retirement savings. NPS now allows higher lump-sum withdrawals by reducing mandatory annuity purchases and permits more frequent partial withdrawals. EPF withdrawal categories have been simplified, with a single minimum service period and expanded access to both employee and employer contributions. These reforms streamline claim processes and provide greater financial support during emergencies while maintaining long-term retirement security.