Sunday, February 10, 2013

PFRDA Orders : Processing of withdrawal requests of Non IRA Compliant subscribers

Processing of withdrawal requests of Non IRA Compliant subscribers
 
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
 
Cir no: PFRDA/ 2013/2/ PDEX / 2                                                                
SL-4
 
Subject:  Processing of withdrawal requests of Non IRA Compliant subscribers
 
PFRDA has issued necessary instructions to CRA with respect to the withdrawal guidelines for Non IRA Compliant subscribers in case of government servants who have died or resigned. The said information is being re-iterated hereunder for the information of all stakeholders for a better appreciation of the matter.

The following are the details of the process to be followed:

 Exit from NPS arising out of death
Exit from NPS before the age of normal superannuation & arising out of resignation
Non-IRA Compliant SubscribersCertification from the concerned PAO/DTO/DDO (attached as annexure I)

Affidavit from the claimant (attached as Annexure II.) 

Filling of respective death claim form along with relevant details

Subscriber has to:

Submit duly filled S1 form for enabling the complete data capture in CRA system. No PRAN generation activity will be undertaken.

Submit duly filled Withdrawal form along with all relevant details and documents.

2.  In case of death where PPAN was assigned but corresponding PRAN was not generated and the respective contribution is held with the concerned employer/department, then, the respective employer / department may take appropriate decision at their end.
 
Source: www.pfrda.org.in

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