NPS Rules Revamped: Exit Age 85, ₹8 Lakh Full Withdrawal, New SUR Option!

• PFRDA introduces major changes to NPS rules for government and non-government subscribers, enhancing flexibility.
• NPS exit age for government employees extended from 75 to 85 years, allowing longer investment.
• 100% withdrawal limit increased from ₹5 lakh to ₹8 lakh for government NPS subscribers.
• Systematic Unit Redemption (SUR) introduced for periodic withdrawals, especially for amounts between ₹8 lakh and ₹12 lakh.
• New provisions for missing/deemed deceased subscribers: 20% interim relief, 80% upon legal declaration.

Why It Matters: NPS rules updated for greater flexibility, higher withdrawal limits, and new exit options.