NLCC access to CRA system to view and Print Statement to Transaction and E-PRAN

NLCC access to CRA system to view and Print Statement to Transaction and E-PRAN

PFRDA

Pension Fund Regulatory & Development Authority
1st Floor, ICADR Building
Plot No.6, Vasant Kunj
Institutional Area, Phase – II
New Delhi – 110070
Te;:011-26897948/226897949
Fax: 011-26897938

PFRDA/2015/10/SWM/03

CIRCULAR

To,
All Aggregators

Date:17th February,2015

Subject: NLCC access to CRA system to view and Print Statement to Transaction and E-PRAN

All the Aggregators are hereby informed that NPS lite collection centre’s (NLCCs) can now access the CRA system (www.npscra.nsdl.co.in) to view and print statement of Transaction (SOT) and E-PRAN card of underlying NPS Lite/Swavalamban subscribers.

At present, the NPS Lite Oversight Offices (NLOOs) and NPS Lite Account Offices (NLAOs) have an access to the CRA system. With the new feature made available in the CRA system, then NLCCs can access CRA system using one time password (OTP). The NLCCs who have obtained10 digit NLCC Registration number and have registered their mobile number in the CRA system can use this option to access the CRA system.

The Statement of Transaction (SOT) can be viewed and downloaded by NLCC financial yearwise
The E-PRAN card can be generated/downloaded by NLCCs can also print the E-Pran card. The E-PRAN card is similar to a physical PRAN card and will display the same details alongwith photograph and signature of the subscriber. However, physical PRAN card cannot be replaced by E-PRAN Card. The subscribers will be required to produce the physical PRAN card wherever necessary. CRA shall continue sending the physical PRAN card as per the approved process.

The detailed for accessing the CRA system by NLCCs is available on CRS’s website and also on PFRDA’s website i.e. www.pfrda.org.in under the section intermediaries central recordkeeping agency –Standard Operating Procedures – Seavalamban yojana (NPS-Lite) or directly at the given link – http://www.pfrda.org.in/index1.cshtml?lsid-173

The Aggregators are requested to disseminate the information to their underlying NPS-lite collection centers (NLCCs). In case any further clarification is required, they may contact shri.sunil Samuel at 022-24994279 (email id – sunlis@nsdl.co.in) or Shri.Kaustubh S.Vaidya at 022-24994577 (email id – kaustubhV@nsdl.co,in).

Sd/-
(Rakesh sharma)
General Manager

Source: http://www.pfrda.org.in//MyAuth/Admin/showimg.cshtml?ID=580

KVS Orders - Nomination details for NPS subscribers

KVS Orders - Nomination details for NPS subscribers

 

KENDRIYA VIDYALAYA SANGATHAN

18th INSTITUTIONAL AREA, SHAHEED SINGH MARG, NEW DELHI -110016

 

F.No.110126125/01/2013/KVS/NRDCPS/nomination/PF

Dated: 11.12.2013

The Deputy Commissioner/Director,

Kendrlya Vidyalaya Sangathan,

All Regional Offices/ZIETs.

 

Sub: - Nomination details for subscribers.

 

Sir/Madam,

I am enclosing herewith circular No F No AS/PM/JJ/MS/ 201353372 dated 14.10.2013 received from Central Record keeping Agency, National Pension System (NSDL), Mumbai in connection with the nomination details for subscribers for your Information and further necessary action. This may also be circulated to all the Vidyalayas under your Region and displayed in Regional website also.

Yours faithfully,

sd/-

(B.C.D.Kumar)

Assistant Commission (Fin)

 

CENTRAL RECORD KEEPING AGENCY 

NATIONAL PENSION SYSTEM

NSDL

 

AS/PM/JJ/MS/201353372

Date: October 14, 2013

Deputy Commissioner

Pr.AO, Kendriya Vidyalaya Sangathan, 

New Shahid Jeet Singh Marg

New Delhi - 110602

 

Reg. No.: 3001876 

 

Dear Sir/Madam,

Subject: Nomination details for subscribers.

As you are aware, providing of nominee details by subscribers in the subscriber registration form (or through Annexure S2 form) is of utmost importance as it reduces the inconvenience/operational difficulties in processing of withdrawal requests upon death of the subscriber. There are certain subscribers underlying your office who have not yet provided nomination details (for these subscribers, nomination is not registered in CRA system).

 

You are requested to advise these subscribers to provide the nomination details so that these details can be captured in the CRA system by your underlying office. The subscribers can provide the nomination details in the S2 form or the form RN-402 as provided by PFRDA for registration of nomination (copy enclosed). Once the nomination details are provided by the subscribers, these details can be updated in the CRA system by your underlying offices.

 

Some of the subscribers may also be Non-IRA compliant. For these subscribers, you are requested to ensure that subscriber registration forms (S1 forms) submitted by these subscribers contain valid nomination details as well.

 

An email in this regard has already been sent to your office and the underlying PAOs.

 

Thanks & Regards

Central Recordkeeping Agency (National Pension System)

 

Click here to view the 'Request for Registering Nomination' form...

 

Source: www.kvsangathan.nic.in

[http://kvsangathan.nic.in/CircularsDocs/CIR-NPS-12-12-13.PDF]

PFRDA Orders - Portability of PRAN – NPS Lite/Swavalamban to NPS – All Citizen Model and other sectors

PFRDA Orders - Portability of PRAN – NPS Lite/Swavalamban to NPS – All Citizen Model and other sectors

Pension Fund Regulatory and Development Authority

CIRCULAR

PFRDA/2013/13 /PDEX/08

20th August 2013

Subject: Portability of PRAN – NPS Lite/Swavalamban to NPS – All Citizen Model and other sectors

There were several requests from NPS Lite/Swavalamban subscribers seeking porting of their PRANs from NPS Lite/Swavalamban to the All Citizen Model of NPS(UOS). PFRDA after examining the matter has approved the shifting/porting of NPS/Lite/Swavalamban accounts to NPS-All Citizen model and other Sectors through an Inter platform shift process which is detailed as below:

1. The subscriber has to submit the following documents to the new nodal office (POP/PAO/DDO etc) who in turn will process the application and forward the document to CRA.

a. Duly filled in Inter platform shift (IPTR-1) form along with the duly filled in registration form of the sector to which he wishes to migrate

b. Submit the PRAN already issued and in absence of PRAN has to provide a notorised affidavit as to the reasons for non-submission.

2. CRA upon receipt of request would initiate the process for creation of new Permanent Retirement Account (PRA) with new PRAN for the subscriber on the target platform and disable the earlier PRAN of the subscriber in the system. The earlier/old PRAN would not be allotted to anybody else in the system. Also, the earlier record would be tagged to the new account for audit trail as well as for knowing information like if the subscriber has availed Swavalamban benefit under the earlier PRAN or not etc.

3. CRA would issue necessary instructions for monetization of the accumulated corpus in the old/earlier PRAN and also necessary instructions for crediting of such accumulated corpus received upon monetization into the new PRAN account. The entire activity would be a controlled activity from CRA end.

4. There would not be any requirement of providing KYC documents once again by the subscriber, if the same have been submitted/collated at the time of subscriber registration under NPS already and the address provided in the new registration for is matching with that of existing record. If there is any change in the address from the existing NPS account address proof need to be submitted afresh. The CRA would tag the KYC documents to the new PRAN and ensure that all the required details are available.

5. CRA would print and dispatch the PRAN card directly to the subscriber/aggregator as the case may be and CRA would not be charging any extra charges for the same.

Subscribers intending to shift their PRAN from NPS Lite/Swavalamban to All Citizen Model and other sectors may approach the new/intended contribution uploading office (POP/PAO/DDO etc) for doing the needful on the matter. The format for Inter platform shift (IPTR-1) form is being attached along with the circular.

sd/-
Venkateswarlu Peri
General Manager

Source: www.pfrda.org.in
[http://pfrda.org.in/writereaddata/linkimages/Circular%20on%20Inter%20platfrom%20Shifting837264889.pdf]

CRA reduces AMC by almost 20% and transaction charges by more than 16%

CRA reduces AMC by almost 20% and transaction charges by more than 16%

CRA had reduced Annual Maintenance Charges (AMC) from Rs. 350 to Rs. 280 and Transaction Charges from Rs. 10 to Rs. 6 once the number of accounts (PRANs) crossed 10 lakhs. It was committed to reduce the charges once the number of accounts reaches 30 lakhs. However, with commendable increase in the number of subscribers in a short span of one year, CRA has reduced the AMC by almost 20% to Rs. 225 and Transaction Charges by more than 16% to Rs.5 even before reaching the milestone.

Intermediary Charge Head Charges Method of Recovery CRA Account opening AMC Transaction (contribution, change in scheme preference, switch and withdrawal) Rs. 50 Rs. 225 Rs. 5 Redemption of units on a quarterly basis

Source: https://www.npscra.nsdl.co.in/news_detail.php?id=24

PFRDA Orders : Empanelment of Annuity Service Providers (ASPs) under National Pension System for providing annuity services

Empanelment of Annuity Service Providers (ASPs) under National Pension System for providing annuity services

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

Cir no: PFRDA/ 2013/2/ PDEX / 2                                                                
SL-6

Subject: Empanelment of Annuity Service Providers (ASPs) under National Pension System for providing annuity services

PFRDA has issued necessary instructions to CRA with respect to the Empanelment of Annuity Service Providers (ASPs) under National Pension System for providing annuity services. The said information is being re-iterated hereunder for the information of all stakeholders for a better appreciation of the matter.

Following seven Annuity Service Providers (ASPs) have been empanelled for the purpose.
1. Life Insurance Corporation of India
2. SBI Life Insurance Co. Ltd.
3. ICICI Prudential Life Insurance Co. Ltd.
4. Bajaj Allianz Life Insurance Co. Ltd.
5. Star Union Dai-ichi Insurance Co. Ltd.
6. Reliance Life Insurance Co. Ltd.
7. HDFC Standard Life Insurance Co. Ltd.

The companies would be offering their approved annuity products to NPS subscribers and would also designing products suiting our requirements.