Tax benefits under NPS, the Government Subscribers can make an additional investment in their NPS Tier I account

Tax benefits under NPS, the Government Subscribers can make an additional investment in their NPS Tier I account

Voluntary Contribution in Tier I account by Govt. Sector Subscribers

In order to avail Tax benefits under NPS, the Government Subscribers can make an additional investment in their NPS Tier I account. An additional deduction for investment up to Rs. 50,000 in NPS (Tier I account) is available exclusively to NPS subscribers. This additional investment can be made by the Subscribers by either of the following ways:

A. Through associated Nodal Office
B. Through eNPS portal
C. Through NPS Mobile App
D. By logging into the CRA System
E. Through Point of Presence (PoP)

A. Voluntary Contribution through associated Nodal Office {Pay and Accounts Office (PAO)/ Cheque Drawing and Disbursement Offices (CDDOs)}

Govt. Subscribers may approach their associated Nodal Offices (PAOs/ CDDOs) for processing of Voluntary Contributions in their Tier I account. The Nodal Office is required to carry out the following activities:

Download necessary utilities for preparation of contribution file i.e. File Preparation Utility (FPU) and File Validation Utility (FVU). Kindly note, these are separate utilities through which only Tier-II and Tier I Voluntary contributions can be prepared and validated. The utilities are available on CRA website – www.npscra.nsdl.co.in at the following link:

https://npscra.nsdl.co.in/
Prepare voluntary contribution details by using the FPU. Ensure that contribution type is selected as “Voluntary Contribution”.

Validate voluntary contribution file prepared using the FVU.

Upload Subscriber Contribution File (SCF) in the NPSCAN application (www.npscancra.com) by logging with the User ID and Internet Password (IPIN) provided by NSDLCRA. The procedure of Contribution upload will be similar to the upload of regular contribution files in NPS.
Nodal Office shall upload the SCF in respect of the Subscribers for whom clear funds are available on daily basis. The Nodal Office is required to remit the funds to the Trustee Bank latest by T+1 day (T being the date of receipt of clear funds) post upload of contribution details in the CRA system.

B. Voluntary Contribution through eNPS portal

The Subscribers can also pay voluntary contributions under Tier I online through eNPS. In order to contribute through eNPS, the Subscribers need to follow the below mentioned steps:
Visit the eNPS portal (https://enps.nsdl.com).

Click on the “Contribution” option.

On the next screen, the Subscriber will have to provide PRAN, Date of Birth, enter Captcha details and click on the “Verify PRAN” option. On clicking the “Verify PRAN” option, system will prompt for a One Time Password (OTP) and the same will be sent on the registered mobile number of the Subscriber. System will display a message to the Subscriber about generation of OTP. The Subscriber will enter the OTP and click on submit OTP option.

After submission of OTP, on the next screen the Subscriber will select the Tier Type as “Tier I” and enter the amount in “Voluntary contribution amount” section, select the “Payment Gateway Option”, tick on the declarations and finally click on “Make Payment” option.

Upon successful processing of the contribution, the units will be credited to Subscribers’ NPS account and an SMS/ Email alert will be sent to the Subscribers’ registered Mobile Number/ Email ID.

C. Voluntary Contribution through NPS Mobile App

Voluntary contribution in Tier I account can also be made using the NPS Mobile App.
NPS Mobile App can be downloaded from Playstore for android phones and Appstore for IOS phones (iPhone).

In NPS Mobile App, Subscriber is required to click on the “Contribution” option available on the Home screen.

On the next screen, Subscriber needs to enter the PRAN, Date of Birth and the Captcha details and click on “Verify PRAN” option.

App will prompt for a One Time Password (OTP) and the same will be sent to the registered mobile number of the Subscriber. App will display a message to the Subscriber about generation of OTP. The Subscriber will enter the OTP and click on submit OTP option.

After submission of OTP, on the next screen the Subscriber will select the Tier Type as “Tier I” and enter the amount, select the “Payment Gateway Option”, tick on the declarations and finally click on “Confirm Payment” option.

Upon successful payment, a receipt will get generated confirming the payment details.

D. Voluntary contribution by logging into the CRA System
One more option for Subscribers to contribute voluntarily in Tier I account is by logging into the CRA System with the User ID (i.e. the PRAN) and the Internet Password (IPIN).
In the CRA system, at the Home page, the Subscriber needs to go to Menu – Contribute Online <<>> Sub-menu - Make Online Contribution.

System will re-direct the Subscriber to the eNPS portal.
Further, the Subscriber needs to follow the procedure as explained under Point C above.

E. Voluntary contribution through Point of Presence (PoP)/ Point of PresenceService Providers (PoP-SP)
Subscribers may also approach the PoP/ PoP-SPs for making Voluntary Contribution in their Tier I account.

The list of PoPs/ PoP-SPs is available on CRA website (www.npscra.nsdl.co.in).

NPS-Total subscribers that contribute throughout the month-NATIONAL PENSION SYSTEM

Total subscribers that contribute throughout the month - NPS - NATIONAL PENSION SYSTEM

Age Band	Total Existing Subscribers contributing during the month (Table A)
-	Male	Female	Transgender	NON IRA	Total
18-21 Years	22,501	7,514	-	-	30,015
22-25 Years	2,80,574	74,554	-	-	3,55,128
26-28 Years	5,91,061	1,52,324	3	-	7,43,388
29-35 Years	17,03,030	4,79,873	9	-	21,82,912
>35 Years	16,94,343	5,48,911	10	-	22,43,264
NON- IRA	-	-	-	15,976	15,976
Total	42,91,509	12,63,176	22	15,976	55,70,683

New Subscribers contributing during month (Table B)
Central Govt
Male	Female	Transgender	NON- IRA	Total
462	63	-	-	525
2,569	347	-	-	2,916
2,319	382	-	-	2,701
2,012	393	-	-	2,405
869	260	-	-	1,129
-	-	-	-	-
8,231	1,445	-	-	9,676

New Subscribers contributing during month (Table B)
State Govt
Male	Female	Transgender	NON- IRA	Total
2,606	1,459	-	-	4,065
10,164	4,310	-	-	14,474
7,298	3,571	-	-	10,869
11,830	7,079	-	-	18,909
13,001	6,258	-	-	19,259
-	-	-	2	2
44,899	22,677	-	2	12,381

New Subscribers contributing during month (Table B)
Non-Govt (Corporate Sector)
Male	Female	Transgender	NON- IRA	Total
85	60	-	-	145
2,313	1,158	-	-	3,471
1,987	629	-	-	2,616
3,374	475	-	-	3,849
4,622	539	2	-	5,163
-	-	-	-	-
12,381	2,861	2	-	15,244

1. PRAN association with respective sectors is as on March 31, 2019
2. Central Govt and State Govt includes Central and State Autonomous Bodies respectively.
3. All types of Contribution credit is considered in the above data.
4. As DOB and Gender of Subscriber is not available for NON IRA PRANs, additional category "NON IRA" is included in the above tables.
5. Table A refers to unique PRANs receiving credit (in the reporting month) for Central/State and Corporate Subscribers, irrespective of type of contribution.
6. Table B refers to unique PRAN receiving first credit (in the reporting month) in respective sectors, irrespective of type of contribution. This data is subset of data in Table A.
7. NPS was launched on 01 Jan'04 and was aimed at individuals newly employed with central and state government, but excluding. ones in the armed forces.
8. "Non-Govt" refers to Corporate sector employees".
9. Includes NSDL CRA & KARVY CRA data.
10. Non - Govt PRAN data may not necessarily represent new employment as there may be some persons who were in employment earlier but have opened PRAN now.

National Pension System Trust (NPS Trust) - Processing of Partial Withdrawal request

National Pension System Trust (NPS Trust) - Processing of Partial Withdrawal request

Public Notice - Processing of Partial Withdrawal requests in system latest by 31.12.2018

National Pension System Trust (NPS Trust)

Are you an NPS subscriber who has applied for partial withdrawal from PRAN but has yet to receive the funds?

If yes, please read and act upon the following message immediately:

An NPS subscriber is permitted to make partial withdrawal for specified purpose after three years of joining. If the subscriber has applied for partial withdrawal, the completed hard copy form and documents are also required to be submitted to the concerned nodal office for verification and authorization. In absence of submission of the hard copy form and documents to the nodal office, the online partial withdrawal request will remain pending in the system and the subscriber will not receive the funds.

As per advisories issued by the Pension Fund Regulatory & Development Authority (PFRDA) on 06 December 2018, in case of all partial withdrawal requests captured in the system till 30 November 2018, the required forms, information and documents need to be submitted to the respective nodal offices immediately so that verification and authorization can be completed latest by 31 December 2018. The nodal offices will be: Pay & Accounts Office (PAO) / District Treasury Office (DTO) / Drawing & Disbursing Office (DDO) for the government sector subscribers and Points of Presence (PoPs) for subscribers in other sectors. If a request for partial withdrawal is not authorized in the system by 31 December 2018, it will be treated that the subscriber is no longer interested to seek partial withdrawal and the application / request will be considered as withdrawn.

You are therefore requested to liaise with your nodal office to ensure your online partial withdrawal request, supported by hard copy application and other documents, is duly processed by them well before 31 December 2018.

In case you face any issues with your nodal office in the above matter, you can approach NPS Trust (along with your Permanent Retirement Account Number - PRAN and your own & your nodal office's contact details) via email: grievances@npstrust.org.in

Source: NPS Trust

Alert Notice for General Public from PFRDA

Alert Notice for General Public from PFRDA

PLEASE BEWARE PFRDA NEVER SENDS ANY EMAIL OR MESSAGE PROMISING LARGE SUMS FOR PAYMENT OF FEE

ALERT NOTICE

"This is to inform general public that PFRDA is a Regulatory Body and does not ever call for any sum for release of funds to any individual from their Permanent Retirement Account (PRAN) maintained with the Centre Record Keeping Agency.

It is also informed that PFRDA has appointed entities such as Point of Presence, Aggregators etc. which are banks and non-banking financial companies which are authorized to interact with subscribers for a prescribed fee which is much less than what is being asked for by the fraudsters.
PLEASE BEWARE. PFRDA NEVER SENDS ANY EMAIL/MESSAGE PROMISING LARGE SUMS FOR PAYMENT OF FEE/CHARGE. ANY SUCH COMMUNICATION IS SENT WITH THE INTENTION TO DEFRAUD YOU. INFORM POLICE IMMEDIATELY."

Source: http://www.pfrda.org.in

Updation of AADHAR Number in PRAN of Subscribers

Updation of AADHAR Number in PRAN of Subscribers

National Pension System (NPS) Service Fortnight (February 1 - February 15, 2017) : Updation of AADHAR no. in PRAN of Subscribers.

PENSION FUND REGULATORY ADN DEVELOPMENT AUTHORITY
B-14A, Chhatarpati Shivaji Bhavan, Qutab Institutional Area,
katwaria Sarai, New Delhi-110016

File No.PFRDA/19/CG/1/43

31st January. 2017

To,
PrAOs, PAOs, CDDOs & other CG Nodal offices;
DTAs, DT0s, & other SG Nodal offices,
Autonomous Bodies under CG & SG.

Dear Sir/Madam,
National Pension System (NPS) Service Fortnight (February 1 - February 15, 2017) : Updation of AADHAR no. in PRAN of Subscribers.

In continuation of our earlier communication dated 07.01.2016, we have decided to include ‘updation of Aadhar number’ also as one of the activities for NPS service fortnight. Therefore, Nodal offices of Central State Governments are advised to guide and encourage the subscribers for updation of their AADHAR no., in addition to mobile app download and other activities during the fortnight.

2. In this regard, subscribers may be advised for login in the CRA website www.cra-nsdl.com through their login id & password and further update AADHAR no. under the ‘update details’ tab. The request for updating AADHAR no. will have to be authorized by the associated nodal office. PFRDA has already advised NSDL/CRA for providing all necessary assistance to the Nodal Offices and subscribers. Based on numbers of such updation, PFRDA will recognize various State governments and Central Ministries in the same way it has announced for Mobile App download.

3. In case of any assistance/clarificatlon required, nodal offices may contact Shri Sachin Joneja, Manager, PFRDA at sachin.joneja@pfrda.org.in or Sh. Bibhas Outta, NSDL at 022-24994558 / bibhasd@nsdl. co.in or Abhishek Dhuri, NSDL at 022-24004266/abhishekd@nsdl.co.in.

Yours Sincerely
(Ashish Kumar)
General Manaker

Authority: www.pfrda.org.in

Reactivation of PRAN post exit from NPS

 Reactivation of PRAN post exit from NPS: PFRDA Instructions
 

PFRDA
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

PFRDA/2015/19/CSG/1

Date: 30th June, 2015

All Central Government Ministries & Departments/ State Governments
PrAOs, PAOs, CDDOs, NCDDOs & other CG Nodal offices;
DTAs, DTOs, DDOs & other SG Nodal offices
Autonomous Bodies

    Subject: Reactivation of PRAN post exit from NPS


PFRDA has been receiving requests from various government nodal offices to reactivate the PRANs for credit of missing NPS contributions, wherein withdrawal requests have already been settled towards final payment to the subscribers.


Currently, the exit process is initiated with the generation of claim ID six months prior to the date of superannuation. As per PFRDA Exit & Withdrawal Regulations 2015, the employee’s and employer’s contributions of last three months prior to superannuation shall not be uploaded in the NPS account but would be credited to the some other account of the subscriber, directly by the employer. During the withdrawal process which stretches over 6 months, both the subscriber and the nodal office have sufficient time to ensure and to confirm that all the missing contributions have been uploaded in the respective PRAN.

In light of the above, PFRDA shall not entertain any such request forthwith, for uploading contributions of arrears/ missing credits after final settlement of exit/ withdrawal of the subscribers and consequent closure of their NPS account. Henceforth, missing credits, if any, should be settled mutually between the subscriber and the Nodal office as per their internal administrative process and outside the NPS architecture, as is currently applicable to last three months contributions before superannuation in line with the guidelines issued by PFRDA in this regard.

Therefore, all government nodal offices are instructed to ensure uploading of all the pending contributions in the PRANs, before initiating/ processing/forwarding the withdrawal requests to the CRA and take necessary action as per this circular.

Ashish Kumar
General Manager

Source: http://pfrda.org.in/MyAuth/Admin/showimg.cshtml?ID=724

Regarding withdrawal from the NPS on death of by the employees who have been allotted PRAN and their contribution uploaded to NSDL.

Regarding withdrawal from the NPS on death of by the employees who have been allotted PRAN and their contribution uploaded to NSDL.

KENDRIYA VIDYALAYA SANGATHAN
18-INSTITUTIONAL AREA,
SHAHEED JEET SINGH MARG,
NEW DELHI
TEL-26858570,FAX-26514179
Website: www.kvsangathan.nic.in

Dated 06.11.2013

The Deputy commissioner/Director
Kendriya vidyalays Sangathan
All Regional Office & ZIETs

Subject : Regarding withdrawal from the NPS on death of by the employees who have been allotted PRAN and their contribution uploaded to NSDL.

Sir/Madam,

The Pension Fund Regulatory and Development Authority (PFRDA) has now provided the interim procedure for withdrawal requests of employees arising out of the subscriber’s death. The PFRDA approved Withdrawal Form 103GD with Form 401 AN(Annexure) along with supporting documents are enclosed as annexure (Annexure—B). You are requested to follow the process as advised by PFRDA. The Withdrawal Form 103GD with Form 401 AN (Annexure) along with the supporting documents are to be submitted through to the Exceptional Handling Cell — CRA.

Kindly Note PAO/DDO  has to attest copy of ID and Address ‘proof (KYC) document after Verifying it with the original document and should write "verified with original"with his /her signature and stamp on the copy further claimant has to self attest the proof of bank details

yours faithfully

(M.Arumugam)
joint commissioner (Fin)

Click here to Download the form 103GD

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]