diff --git a/pandas-stubs/core/frame.pyi b/pandas-stubs/core/frame.pyi
index 600ebc767..61635325e 100644
--- a/pandas-stubs/core/frame.pyi
+++ b/pandas-stubs/core/frame.pyi
@@ -695,42 +695,6 @@ class DataFrame(NDFrame, OpsMixin):
         tolerance: float | None = ...,
     ) -> DataFrame: ...
     @overload
-    def drop(
-        self,
-        labels: Hashable | Sequence[Hashable] | Index = ...,
-        *,
-        axis: Axis = ...,
-        index: Hashable | Sequence[Hashable] | Index = ...,
-        columns: Hashable | Sequence[Hashable] | Index = ...,
-        level: Level | None = ...,
-        inplace: Literal[True],
-        errors: IgnoreRaise = ...,
-    ) -> None: ...
-    @overload
-    def drop(
-        self,
-        labels: Hashable | Sequence[Hashable] | Index = ...,
-        *,
-        axis: Axis = ...,
-        index: Hashable | Sequence[Hashable] | Index = ...,
-        columns: Hashable | Sequence[Hashable] | Index = ...,
-        level: Level | None = ...,
-        inplace: Literal[False] = ...,
-        errors: IgnoreRaise = ...,
-    ) -> DataFrame: ...
-    @overload
-    def drop(
-        self,
-        labels: Hashable | Sequence[Hashable] | Index = ...,
-        *,
-        axis: Axis = ...,
-        index: Hashable | Sequence[Hashable] | Index = ...,
-        columns: Hashable | Sequence[Hashable] | Index = ...,
-        level: Level | None = ...,
-        inplace: bool = ...,
-        errors: IgnoreRaise = ...,
-    ) -> DataFrame | None: ...
-    @overload
     def rename(
         self,
         mapper: Renamer | None = ...,
diff --git a/pandas-stubs/core/generic.pyi b/pandas-stubs/core/generic.pyi
index 7af030803..7b1c6345b 100644
--- a/pandas-stubs/core/generic.pyi
+++ b/pandas-stubs/core/generic.pyi
@@ -305,11 +305,11 @@ class NDFrame(indexing.IndexingMixin):
     @overload
     def drop(
         self,
-        labels: Hashable | Sequence[Hashable] = ...,
+        labels: None = ...,
         *,
         axis: Axis = ...,
-        index: Hashable | Sequence[Hashable] = ...,
-        columns: Hashable | Sequence[Hashable] = ...,
+        index: Hashable | Sequence[Hashable] | Index[Any] = ...,
+        columns: Hashable | Sequence[Hashable] | Index[Any],
         level: Level | None = ...,
         inplace: Literal[True],
         errors: IgnoreRaise = ...,
@@ -317,11 +317,47 @@ class NDFrame(indexing.IndexingMixin):
     @overload
     def drop(
         self,
-        labels: Hashable | Sequence[Hashable] = ...,
+        labels: None = ...,
         *,
         axis: Axis = ...,
-        index: Hashable | Sequence[Hashable] = ...,
-        columns: Hashable | Sequence[Hashable] = ...,
+        index: Hashable | Sequence[Hashable] | Index[Any],
+        columns: Hashable | Sequence[Hashable] | Index[Any] = ...,
+        level: Level | None = ...,
+        inplace: Literal[True],
+        errors: IgnoreRaise = ...,
+    ) -> None: ...
+    @overload
+    def drop(
+        self,
+        labels: Hashable | Sequence[Hashable] | Index[Any],
+        *,
+        axis: Axis = ...,
+        index: None = ...,
+        columns: None = ...,
+        level: Level | None = ...,
+        inplace: Literal[True],
+        errors: IgnoreRaise = ...,
+    ) -> None: ...
+    @overload
+    def drop(
+        self,
+        labels: None = ...,
+        *,
+        axis: Axis = ...,
+        index: Hashable | Sequence[Hashable] | Index[Any] = ...,
+        columns: Hashable | Sequence[Hashable] | Index[Any],
+        level: Level | None = ...,
+        inplace: Literal[False] = ...,
+        errors: IgnoreRaise = ...,
+    ) -> Self: ...
+    @overload
+    def drop(
+        self,
+        labels: None = ...,
+        *,
+        axis: Axis = ...,
+        index: Hashable | Sequence[Hashable] | Index[Any],
+        columns: Hashable | Sequence[Hashable] | Index[Any] = ...,
         level: Level | None = ...,
         inplace: Literal[False] = ...,
         errors: IgnoreRaise = ...,
@@ -329,11 +365,47 @@ class NDFrame(indexing.IndexingMixin):
     @overload
     def drop(
         self,
-        labels: Hashable | Sequence[Hashable] = ...,
+        labels: Hashable | Sequence[Hashable] | Index[Any],
+        *,
+        axis: Axis = ...,
+        index: None = ...,
+        columns: None = ...,
+        level: Level | None = ...,
+        inplace: Literal[False] = ...,
+        errors: IgnoreRaise = ...,
+    ) -> Self: ...
+    @overload
+    def drop(
+        self,
+        labels: None = ...,
+        *,
+        axis: Axis = ...,
+        index: Hashable | Sequence[Hashable] | Index[Any] = ...,
+        columns: Hashable | Sequence[Hashable] | Index[Any],
+        level: Level | None = ...,
+        inplace: _bool = ...,
+        errors: IgnoreRaise = ...,
+    ) -> Self | None: ...
+    @overload
+    def drop(
+        self,
+        labels: None = ...,
+        *,
+        axis: Axis = ...,
+        index: Hashable | Sequence[Hashable] | Index[Any],
+        columns: Hashable | Sequence[Hashable] | Index[Any] = ...,
+        level: Level | None = ...,
+        inplace: _bool = ...,
+        errors: IgnoreRaise = ...,
+    ) -> Self | None: ...
+    @overload
+    def drop(
+        self,
+        labels: Hashable | Sequence[Hashable] | Index[Any],
         *,
         axis: Axis = ...,
-        index: Hashable | Sequence[Hashable] = ...,
-        columns: Hashable | Sequence[Hashable] = ...,
+        index: None = ...,
+        columns: None = ...,
         level: Level | None = ...,
         inplace: _bool = ...,
         errors: IgnoreRaise = ...,
diff --git a/pandas-stubs/core/series.pyi b/pandas-stubs/core/series.pyi
index 2cb50fc38..41ee06d5c 100644
--- a/pandas-stubs/core/series.pyi
+++ b/pandas-stubs/core/series.pyi
@@ -116,8 +116,6 @@ from pandas._typing import (
     FloatDtypeArg,
     GroupByObjectNonScalar,
     HashableT1,
-    HashableT2,
-    HashableT3,
     IgnoreRaise,
     IndexingInt,
     IndexLabel,
@@ -1052,42 +1050,6 @@ class Series(IndexOpsMixin[S1], NDFrame):
         tolerance: float | None = ...,
     ) -> Self: ...
     @overload
-    def drop(
-        self,
-        labels: Hashable | list[HashableT1] | Index = ...,
-        *,
-        axis: Axis = ...,
-        index: Hashable | list[HashableT2] | Index = ...,
-        columns: Hashable | list[HashableT3] | Index = ...,
-        level: Level | None = ...,
-        inplace: Literal[True],
-        errors: IgnoreRaise = ...,
-    ) -> None: ...
-    @overload
-    def drop(
-        self,
-        labels: Hashable | list[HashableT1] | Index = ...,
-        *,
-        axis: Axis = ...,
-        index: Hashable | list[HashableT2] | Index = ...,
-        columns: Hashable | list[HashableT3] | Index = ...,
-        level: Level | None = ...,
-        inplace: Literal[False] = ...,
-        errors: IgnoreRaise = ...,
-    ) -> Self: ...
-    @overload
-    def drop(
-        self,
-        labels: Hashable | list[HashableT1] | Index = ...,
-        *,
-        axis: Axis = ...,
-        index: Hashable | list[HashableT2] | Index = ...,
-        columns: Hashable | list[HashableT3] | Index = ...,
-        level: Level | None = ...,
-        inplace: bool = ...,
-        errors: IgnoreRaise = ...,
-    ) -> Series | None: ...
-    @overload
     def fillna(
         self,
         value: Scalar | NAType | dict | Series[S1] | DataFrame | None = ...,
diff --git a/tests/test_frame.py b/tests/test_frame.py
index 1f4f6bbb4..e17cff54c 100644
--- a/tests/test_frame.py
+++ b/tests/test_frame.py
@@ -344,6 +344,20 @@ def test_types_drop() -> None:
     check(assert_type(df.drop(columns=pd.Index(["col1"])), pd.DataFrame), pd.DataFrame)
 
 
+def test_arguments_drop() -> None:
+    # GH 950
+    if TYPE_CHECKING_INVALID_USAGE:
+        df = pd.DataFrame(data={"col1": [1, 2], "col2": [3, 4]})
+        res1 = df.drop()  # type: ignore[call-overload] # pyright: ignore[reportCallIssue]
+        res2 = df.drop([0], columns=["col1"])  # type: ignore[call-overload] # pyright: ignore[reportCallIssue, reportArgumentType]
+        res3 = df.drop([0], index=[0])  # type: ignore[call-overload] # pyright: ignore[reportCallIssue, reportArgumentType]
+        # These should also fail, but `None` is Hasheable and i do not know how
+        # to type hint a non-None hashable.
+        # res4 = df.drop(columns=None)
+        # res5 = df.drop(index=None)
+        # res6 = df.drop(None)
+
+
 def test_types_dropna() -> None:
     df = pd.DataFrame(data={"col1": [np.nan, np.nan], "col2": [3, np.nan]})
     res: pd.DataFrame = df.dropna()
diff --git a/tests/test_series.py b/tests/test_series.py
index 8f948faba..470bfb431 100644
--- a/tests/test_series.py
+++ b/tests/test_series.py
@@ -266,6 +266,20 @@ def test_types_drop() -> None:
     )
 
 
+def test_arguments_drop() -> None:
+    # GH 950
+    if TYPE_CHECKING_INVALID_USAGE:
+        s = pd.Series([0, 1, 2])
+        res1 = s.drop()  # type: ignore[call-overload] # pyright: ignore[reportCallIssue]
+        res2 = s.drop([0], columns=["col1"])  # type: ignore[call-overload] # pyright: ignore[reportCallIssue, reportArgumentType]
+        res3 = s.drop([0], index=[0])  # type: ignore[call-overload] # pyright: ignore[reportCallIssue, reportArgumentType]
+        # These should also fail, but `None` is Hasheable and i do not know how
+        # to type hint a non-None hashable.
+        # res4 = s.drop(columns=None)
+        # res5 = s.drop(index=None)
+        # res6 = s.drop(None)
+
+
 def test_types_drop_multilevel() -> None:
     index = pd.MultiIndex(
         levels=[["top", "bottom"], ["first", "second", "third"]],