In case you want to exit before attaining the age of 60 years, you will receive only the refund of the contributions and returns on the contribution made by you only. The Government contribution, if any, along with returns thereon shall not be returned to you.
Exit due to specified illness
In case you opt for voluntary exit due to illness specified in Pension Fund Regulatory & Development Authority, (Exit & Withdrawal under National Pension System Trust) regulations 2015 before attaining the age of 60 years, the accumulated pension wealth till date would be returned to you.
List of specified illness as described in Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) Regulations 2015
- Cancer;
- Kidney Failure (End Stage Renal Failure);
- Primary Pulmonary Arterial Hypertension;
- Multiple Sclerosis;
- Major Organ Transplant;
- Coronary Artery Bypass Graft;
- Aorta Graft Surgery;
- Heart Valve Surgery;
- Stroke;
- Myocardial Infarction
- Coma;
- Total blindness;
- Paralysis;
- Accident of serious/ life threatening nature.
- Any other critical illness of a life threatening nature as stipulated in the circulars, guidelines or notifications issued by the Authority from time to time.
In case of your voluntary exit from APY,
- You shall submit the Account closure form
(189 KB) to the APY-SP (now POP) - You should get the same checked by the branch official of POP who shall ensure that you have filled up the correct account closure form along with the reason for closure.
- In case of exit due to specified illness (as mentioned above) you shall submit the relevant documents are also required to be submitted to APY-SP