In 2025, significant reforms were introduced for the National Pension System (NPS) and Employees' Provident Fund (EPF) to enhance flexibility and digital integration. Key changes include relaxed exit norms for NPS subscribers, reducing the mandatory annuity purchase from 40% to 20%, allowing up to 80% lump-sum withdrawal. Subscribers with a corpus under Rs 8 lakh can now withdraw 100% as a lump sum. Normal exit is permitted after 15 years, with options to continue investing up to age 85.