Current Affairs · Government Schemes and Regulations
Mr. Anoop, a 35-year-old central government employee, has been contributing to the NPS since joining service in 2015. His PRAN has a corpus of ₹20 lakh. He decides to resign to join a private corporation. According to PFRDA portability rules, what happens to his NPS account?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The 14% government contribution made over the last 10 years will be clawed back, and he will only retain his own 10% contribution.
- 2Portability is only allowed for corpuses below ₹10 lakh; since his corpus is higher, it will be locked until he turns 60.
- 3Anoop can seamlessly shift his existing PRAN from the Government Sector to the All Citizen Model or Corporate Sector, keeping his entire ₹20 lakh corpus intact.✓
- 4Anoop must close his current PRAN and mandatorily invest 80% in an annuity, starting a new PRAN with a zero balance.
Correct answer
Anoop can seamlessly shift his existing PRAN from the Government Sector to the All Citizen Model or Corporate Sector, keeping his entire ₹20 lakh corpus intact.
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