Employee Today

Friday, 29 November 2013

Advances to Central Government Employees —- Rate of interest for purchase of conveyances during 2013-2014.

F.No. 5(2)-B(PD)/2013
Government of India
Ministry of Finance
Department of Economic Affairs

New Delhi, the 12th November, 2013
OFFICE MEMORANDUM


Subject : Advances to Government servants — Rate of interest for purchase of conveyances during 2013-2014.

The undersigned is directed to state that the rates of interest for advances sanctioned to the Government servants for purchase of conveyances during 2013-2014 i.e. from 1st April, 2013 to 31st March, 2014 are revised as under:
Rate of interest per annum
(i)Advance for purchase of conveyance other than motor car (viz. motor cycle, scooter etc.)9%
(ii)Advance for purchase of motor car11.5%


(A.K. Bhatnagar)
Under Secretary (Budget)

Source : www.finmin.nic.in 

Relaxation in eligibility condition for Combined Section Officers/PS Grade Limited Departmental Competitive Examination-2012 & 2013

No. 4/4/2012-CS-II(A)
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel & Training

Lok Nayak Bhawan, New Dethi-110003.
Date: 22nd November, 2013

ORDER

Whereas the Central Secretariat Stenographers Service Private Secretary Grade (Limited Departmental Competitive Examination) Regulations, 2010 provide that for being eligible to appear in the Private Secretary Grade (Limited Departmental Competitive Examination) any regular Personal Assistant of the Central Secretariat Stenographers’ Service (CSSS) possessing a Bachelor’s Degree from a recognized University, on the crucial date, inter-alia, should satisfy the following condition :-


He/She should have rendered not less than three years’ of approved and continuous service in the grade.

Provided that if he/she had been appointed to the Personal Assistant of the Central Secretariat Stenographers’ Service on the results of the competitive examination, including a Limited Departmental Competitive Examination, such an examination should have been held not Less than three years before the crucial date and he/she should have rendered not less than two years approved and continuous service in that grade.

2. And whereas, in pursuance to the notice for the Combined Section Officers/Stenographers’ (Grade- B/Grade-I) Limited Departmental Competitive Examination (LDCE) 2012 & 2013, representations from PAs of CSSS appointed to  the grade through LDCE mode were received in this Department seeking relaxation in the eligibility criteria to appear in the Private Secretary Grade Limited Departmental Competitive Examination, 2012 and 2013.

3. And whereas, on examination of the representations it was observed that the LDC Examination 2009 and 2010 for promotion to the grade of PAs were conducted by the Staff Selection Commission on 5th July, 2009 and 4th July, 2010 respectively. The crucial date for counting of three years of length of service for eligibility criterion for PS Grade LDCE, 2012 and 2013 being 1st JuLy, 2012 and 1st July, 2013 respectively, the PAs appointed through LDCE mode on the basis of the said examinations are thus not eligible for appearing in the PS Grade LDCE 2012 and 2013.

4. And whereas, it was further observed that the PAs appointed to the Grade through Seniority Quota for SL Years 2009 and 2010 are eligible as per the provision for appearing in the PS grade LDC Examination 2012 and 2013 whereas the PAs of 2009 and 2010 appointed through LDCE mode do not fulfill the said eligibility criteria despite some of them being placed higher in the ranking in the Select Lists, 2009 and 2010 of PA Grade.  It was noted that the said provision in eligibility criterion of the said examination unduly places the PAs who have been appointed as regular PAs through the mode of LDC Examination of 2009 and 2010 at disadvantage.

5. And Now, therefore, it has been decided in consultation with the UPSC, as provided under Rute 23 of the Central Secretariat Stenographers’ Service Rules 2010, to give one time relaxation in the condition relating to the eligibility criterion of regular Personal Assistants appointed through LDCE, contained in the Regulation 4 (i) of Central Secretariat Stenographers’ Service Private Secretary Grade (Limited Departmental Competitive Examination) Regulation, 2010, for appearing in the Private Secretary Grade LDCE, 2012 and 2013 of CSSS. Consequently regular PAs of CSSS appointed through the results of LDCE for the years 2009 and 2010 will be eligible to appear in the Combined Section Officers/Stenographers’ (Grade-B/Grade-I) Limited Departmental Competitive Examination 2012 & 2013 (Category —IV, PS Grade of CSSS) respectively to be conducted by UPSC.

sd/-
(Vandana Sharma)
Director

Source: www.persmin.nic.in

Grant of paid holiday to employees on the day of poll — Regarding


General Election to the State Legislative Assemblies of Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan and Delhi and bye-elections to fill the casual vacancies in the StateLegislative Assemblies of Gujarat and Tamil Nadu — Grant of paid holiday to employees on the day of poll — Regarding.

ELECTION COMMISSION OF INDIA
NIRVACHAN SADAN, ASHOKA ROAD, NEW DELHI-110001.

No.78/2013/EPS 
Dated: 24th October, 2013
To
1. The Chief Secretaries to the Government of: -
Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan,
Delhi, Gujarat and Tamil Nadu.

2. The Chief Electoral Officers of: -
Chhattisgarh, Madhya Pradesh, Mizoram. Rajasthan,
Delhi, Gujarat and Tamil Nadu.

3. The Secretary to the Govt. of India, M/o Personnel Public
Grievances & Pensions, Department of Personnel and
Training, 
North Block, New Delhi.

Subject:- General Election to the State Legislative Assemblies of Chhattisgarh, Madhya Pradesh, Mizoram, Rajasthan and Delhi and bye-elections to fill the casual vacancies in the StateLegislative Assemblies of Gujarat and Tamil Nadu — Grant of paid holiday to employees on the day of poll — Regarding.

Sir,
I am directed to invite your attention to Section 135B of the Representation of the People Act. 1951 which provides for the grant of paid holiday to the employees on the day of poll. The Section 135B is reproduced below:


“135B. Grant of paid holiday to employees on the day of poll.

(i) Every person employed in any business trade, industrial undertaking or any other establishment and entitled to vote at election to the House of the People or the Legislative Assembly of a State shall, on the day of poll, be granted a holiday.

(ii) No deduction or abatement of the wages of any such person shall be made on account of a holiday having been granted in accordance with sub-section (I) and if such person is employed on the basis that he would not ordinarily receive wages for such a day, he shall nonetheless be paid for such day the wages he would have drawn had not a holiday been granted to him on that day.

(iii) If an employer contravenes the provisions of sub-section (1) or susedion (2), then such employer shall be punishable with fine, which may extend to five hundred rupees.

(iv) This section shall not apply to any elector whose absence may cause danger or substantial loss in respect of the employment in which he is engaged.”

2. The above provisions recuire that all establishments and shops including those which work on shift basis shall be closed on the day of poll in the Constituency where a General/bye-election is to be held. However, there may be cases where a person is ordinanly resident of the Constituency and registered as an elector, may be serving/employed in an industrial undertaking or an establishment located outside the Constituency having a general/bye-election. It is clarified that in such a situation, even those electors including casual workers working outside the constituency concerned would be entitled to the benefit of a paid holiday extended under Section 135B(1) of the Representation of the People Act. 1951.

3. The daily wage/casual workers are also entitled for a holiday and wages on poll day as provided in Section 135B of the R.P. Act, 1951.

4. The Commission desired that suitable instructions should be issued to all concerned and a copy there of be endorsed to the Commission for its information and record.

5. The receipt of this letter may please be acknowledged.

Yours faithfully,
sd/-
(Sumit Mukherjee)
Secretary

Source : www.eci.nic.in

Financial upgradation under MACP may be granted only on specific requests from individual Junior Engineers : CPWD clarification

Government of India
Central Public Works Department

No.55/4/2006-S&D/931

Date: 21-11-2013

OFFICE MEMORANDUM 

Subject: Implementation of Modified Assured Career Progression Scheme (MACPS) to the cadre of Junior Engineers of CPWD.

Reference is invited to this Directorate OM of even No.897 dated 11.11.2013, vide which earlier order dated 31.3.2011 of this Directorate for keeping hold the implementation of the MACPS to the cadre of Junior Engineers has been revoked.


2. In continuation to above referred OM, it is clarified that financial upgradation under MACPS may be granted only on specific requests from individual Junior Engineers.

This issues with the approval of Director General, CPWD.

Source: www.cpwd.gov.in

Fresh list of empanelment of Private Hospitals & Diagnostic Centres under Continuous Empanelment Scheme of CGHS, Chandigarh.


GOVERNMENT OF INDIA
Ministry of Health and Family Welfare
(CENTRAL GOVERNMENT HEALTH SCHEME)

O/o ADDITIONAL DIRECTOR, CGHS, CHANDIGARH
4th floor, Kendriya Sadan,
SECTOR-9A, CHANDIGARH-160009
No.AD/CGHS/CHD/RMRCB/2013/5188-5221
Dated : 11.09.2013
OFFICE MEMORANDUM


Subject : Notification of fresh empanelment of Private Hospitals & Diagnostic Centers under continuous Empanelment Scheme of CGHS, Chandigarh

In response to Ministry of Health & Family Welfare, Govt. of India, Nirman Bhawan, New Delhi’s O.M No. S.11011/23/2009-CGHS D. IT/Hospital Cell (Part IX) dated 14.02.2013 & letter No.S.11045/23/2013/CGHS D.II (HEC)/CGHS(P)/Pt) dated 15.07.2013 forcontinuous fresh empanelment of private hospitals & diagnostic centers for city of Chandigarh, a committee consisting of two senior most CMOs headed by undersigned and selected the private hospitals & diagnostic centers for Chandigarh. The qualified list of Hospitals & Diagnostic Centers is according to category and purpose attached as Annexure ‘I’ with this O.M.

2. The hospitals & diagnostic centers who have qualified to be empanelled under CGHS, Chandigarh have submitted the Memorandum of Agreement (MOA) with CGHS alongwith Performance Bank Guarantee, acceptance of CGHS Rates etc. are approved for empanelment of private hospitals & diagnostic centers under CGHS Chandigarh.

3. The empanelnent shall be for a period of one year from the date of notification or till new empanelment process which-ever is earlier subject to the condition that Those Hospital/Diagnostic centers/Imagining certers who have obtained entry level pre accreditation from HABH/NABL at the time of submission of application, such hospitals would however have to obtain final accreditation from NABH/NABL within twelve(12) months from the date of issue of this notification and other hospitals/diagnostic centers have applied for NABH/NABL accreditation with six (06) months failing which their empanelment will stand cancelled.

sd/-
(Dr.S.C.Anand)
C.G.H.S., Chandigarh

CGHS CHANDIGARH
Annexure-I


S.No.Name of the Hospital/Diagnostic Center/Imaging Center/Eye HospitalEmpanelled forWhether NABH/NABLRemarks
HOSPITALS
1.Ivy Health & Life Science Pvt. Ltd,Sector 71, SAS Nagar, Mohali 0172-7170000-30Super Specialty Cardiology, Cardio-Thoracic Surgery, Specialized Orthopedics Treatment including Joint Replacement, Nephrology & Urology, Endocrinology, Neurosurgery, Gastro-enterology & GI Surgery & Oncology.NABH
2.Sri Guru Harkrishan Sahib (C) Eye Hospital Trust,
Sohana, Sector - 71, SAS Nagar, Mohan 0172-2295000
General Purpose and Specialty in Cardiology, Cardio-Thoracic Surgery, Orthopedics & Joint Replacement, Neurosurgery, Nephrology & Dialysis andUrologyApplied for NABH
3.Indus Super Specialty Hospital & Cancer Institute,
Opp. DC Office, Sector 55,Phase I, SAS .Nagar,Mohali0172-5044944
General PurposeApplied for NABH
4.Amar Hospital,
Sector 70, SAS Nagar,Mohali0172-5037683
General PurposeApplied for NABH
EYE HOSPITALS
1.Sri Guru Harkrishan (C) Eye Hospital Trust, Sohana, Sector 77, SAS Nagar, Mohali0172-2295000Eye CareNot Applicable

Source: http://msotransparent.nic.in/cghsnew/index.asp

Sunday, 24 November 2013

Settlement of NPS at the time of superannuation, resignation and death of the employees: CRA-NSDL Circular

NSDL e-Governance Infrastructure Ltd.
Central Recordkeeping Agency
Circular
Circular No: CRA/ PO&RI/ Master/ 2013/005
November 13, 2013
Subject: Release of new functionality to process 'Withdrawal Request' for subscribers exiting NPS
All Nodal Offices are hereby informed that the first phase of the functionality to process 'Withdrawal Request' forsubscribers exiting NPS has been released in CRA system. The functionality is being released in different phases.

With the release of the first phase of the functionality, following functionalities are being made available.
  • For Nodal Offices - Nodal offices will be able to initiate (capture, verify and submit) Withdrawal requests in the CRA system for all the three categories (Superannuation, Premature & Death).
  • For Subscribers - In case of Superannuation, the subscribers can also initiate Withdrawal request in the CRA system which will subsequently have to be verified by the Nodal Office in the CRA system.



The Nodal Offices are requested to note the following:
  • Irrespective of whether the Withdrawal request is generated by the subscriber or Nodal Office, thephysical Withdrawal request (consisting of Withdrawal Request Form generated from the CRA system after submission of the request in the CRA system duly signed by the subscribers or claimants, KYC documents and other relevant supporting documents) is to be forwarded to CRA by the concerned Nodal Office.
  • The Withdrawal Request Form as well as supporting documents is to be attested by the Nodal Office forwarding the document. The Checklist for documents collected is enclosed as Annexure I.
  • If physical Withdrawal request for a subscriber has already been forwarded to CRA for processing, the Nodal Office is not required to raise any further request in the CRA system.


Following are the salient points of the Phase I of the functionality:

a) In case of subscriber superannuating, Claim IDs will be generated six months prior to the date of superannuation/attaining 60 years of age. Nodal Offices will be able to initiate the Withdrawal request forsubscriber superannuating in the CRA system for all such cases where Claim ID has been generated.

b) If request is initiated by the subscriber, the Nodal Office has to authorise the same in the CRA system.

c) Nodal Offices will be able to initiate the request in the CRA system even for those PRANs which have superannuated earlier (as Claim IDs have also been generated for all such subscribers as an onetime exercise).

d) In case of subscribers who have expired (and claimants have requested withdrawal) or 'requested for premature exit, Nodal Offices will generate Claim IDs after submitting the request in the CIA system.

With the release of this functionality, the Nodal Offices are requested to send only the Withdrawal Request Form generated from the CRA system (post submission of the request in the CRA system) to CRA (at the following address) for processing along with necessary supporting documents like KYC (proof of identity & proof of address), Bank details proof etc.

NPS Claim Processing Cell 
NSDL e-Governance Infrastructure Limited 1st Floor, Times Tower, 
Kamala Mills Compound 
Senapati Bapat Marg 
Lower Parel 
Mumbai - 400 013 

Subscribers who wish to defer the purchase of Annuity (please refer to PFRDA circular dated September 17, 2013, a copy of which is enclosed for reference), a separate physical request signed by the subscriber and attested by the Nodal Office May be forwarded alongwith. the Withdrawal Request form. Further, in case a subscriber Wishes to exercise the option of complete Withdrawal where total NPS corpus is less than Rs. 2 lakh (please refer to PFRDA circular dated October 23, 2013, a copy of which is enclosed for reference), a physical request may be forwarded to CRA alongwith the Withdrawal Request in the format provided in the aforesaid. PFRDA circular. In case the requests for deferred Annuity or complete withdrawal due to insufficient corpus are not received alongwith the Withdrawalrequest but separately, the requests may not be entertained.

The steps to be followed by Nodal Offices for initiating Withdrawal request by using this functionality are mentioned in Annexure IL The document is, divided into two chapters: 

1. Withdrawal Request raised by a Nodal Offices in CRA system 
2. Subscribers raising Withdrawal Request in CRA system 

In case of any further clarification, you may contact Mr. Sarvdeep Singh at 022-24994512 (E-mail ID - sarvdeeps@nsdi.co.in) or Mr. Sudhanshu Shekhar at 022-24994862 (Email ID¬sudhanshus@nsdl.co.in).

For and on behalf of 
NSDL e-Governance Infrastructure Limited 

sd/-
Prasenjit Mukherjee
Assistant Vice President 
Encl: a/a 

Annexure-I
Annexure B
Documents to be enclosed with the application

1. List of documents acceptable as Proof Identity and Address for exit under NPS (for all variants):-

Si.
No
Proof of Identity (Copy of any one ofthe given below documents)Proof of Address (Copy of any one of the given blow documents)
aPassport issued by Government of India.Passport issued by Government of India.
bRation Card with Photograph.Ration card with photograph and residential address. 
C
Bank pass book or Certificate with
Photograph.
Bank Pass book or certificate with photograph and residential address.
dVoters identity card with photograph and residential address
Voters Identify card with photograph and residential address.
eValid Driving license with photograph.Valid Driving license with photograph and residential address.
f
PAN Card issued by income tax
department.
Letter from any recognized public authority at the level of Gazetted officer like District Magistrate, Divisional Commissioner, BDO, Tehsildar, Mandal Revenue Officer, Jtidical Magistrate etc.
gCertificate of identify with photograph signed by a Member of Parliament, or Member of Legislative Assembly.Certificate of address with photograph signed by a Member of Parliament or member of Legislative Assembly.
hAadhar Card/letter issued by Unique Identification Authority of India.Adhar Card/Letter issued by unique identification Authority of India 'Clearly showing the address.
iJob Cards issued by NREGA duly signed by an officer of the State Government.Job cards issued NREGA duly signed by an Officer of the State Government.
j
Photo Identity card issued by
Government Defence, Paramilitary and Police Departments.
Latest Electricity/Water bill in the name of the
subscriber / Claimant and showing the address (Less than 6 months old).
kEx-Service Man Card issued by Ministry of Defence to their employees.Latest Telephone bill in the name of thesubscriber/ Claimant and showing the address (less than 6 months old).
1Photo credit Card.Latest property/house Tax Receipt (not more than one year old).
m
--
Existing Valid registered lease agreement of the house on stamp paper (in case agreement of the house on stamp paper (in case of rented/ leased accommodation).
n
Identity card issued by Central /State government and its Departments, Statuary/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks, Public Financial Institutions, Colleges affiliated to Universities and Professional Bodies such as ICAI, ICWAI, ICSI, Bar Council etc.

The identity card/document with address, issued by any of the following:
Central/State Government and its Departments, Statuary/Regulatory Authorities, Public Sector Undertakings, Schedules Commercial Banks, Public Financial Institution for theirEmployees.


2. In addition to the above, Original PRAN card is required. In case PRAN card is not available, the subscriber needs to submit a duly notarized Affidavit as to the reasons of non-submission of the PRAN card.

3. Cancelled cheque (containing Subscriber Name, Bank Account Number and IFS Code) or Bank Certificate Containing Name, Bank Account Number and IFS Code, if opted for direct credit or electronic transfer.

4. A pre-signed receipt acknowledging the receipt of the proceeds under NPS by the subscriber/claimant/nominee.

5. In case of Withdrawal of Accumulated Pension Wealth by ClaiMant/Nominee due to the death of a subscriber, the Claimant/Nominee needs to submit Death certificate in original of the deceased subscriber.
 ----x----x----
Annexure-II
Central Recordkeeping Agency

NSDL 
Technology, Trust & Math


Exit from National Pension System (NPS) - Processing of Withdrawal Request

Preface

As advised by Pension Fund Regulatory and Development Authority (PFRDA), the first phase of the Exit from NPS (Withdrawal functionality) has been made available to the Nodal Offices (PAO/DTO/POP-SP and the DTAs and POPs in the centralised mode) and the subscribers. As part of the functionality, Claim It)s will be generated for all such subscribers who are going to superannuate (or attain 60 years of age) after six months. For example, Claim ID for the subscribers superannuating in May 2014 will be generated on November 30, 2013. The Nodal Offices and the subscribers can now initiate Withdrawal request in the CRA system after logging in with their User ID and Password. In case of Death and premature exit from NPS, the Nodal Office will be able to initiate Withdrawal request.

This document describes the steps to be followed by Nodal Offices for initiating Withdrawal request in CRA system for subscribers who are exiting NPS. The Withdrawal request can be initiated by the subscriber as well as the Nodal Office. In case, the request is initiated by the subscriber, the Nodal Office has to authorise the same in the CRA system. The document has been divided in two chapters - Withdrawal Request raised by a Nodal Office in CRA system and Subscribers raising Withdrawal Request in CRA system.


A. Withdrawal Request raised by a Nodal Office in CRA system 


The PAO/DTO/POP-SP and the DTAs and POPs in the centralised mode (hereafter referred as Nodal Offices) can capture withdrawal request for superannuation, premature exit or death cases. These withdrawal requests after being captured in CRA system has to be signed by subscribers/claimants. Once he request is signed by the subscriber the same has to be sent to CRA alongwith the required documents and attestations for onwards processing of these withdrawal requests.

  1. CRA will generate and communicate Claim IDs for all subscribers superannuating in the next six months. On the basis of these Claim IDs, the Nodal Office can capture withdrawal requests due to superannuation/exit at 60 years only.
  2. The Nodal Office will verify whether the Withdrawal Request Form has been properly filled and check whether all KYC documents have been submitted by the subscriber. The Nodal Office will initiate the request only after such verification is carried out.
  3. Nodal Office will login into the CRA system (www.cra-nsdl.com) using the User ID and I-Pin.
  4. After logging in the CRA site, the User will click on the menu 'Transaction' and then on the sub-menu 'Initiate Withdrawal Request'.
  5. The User will enter PRAN in the designated field and submit the request.
  6. After submission, Claim ID will appear in the screen (in case Claim ID is generated by CRA) in case of superannuation.
  7. However, in case of premature exit and death cases, Claim ID field will display the message 'Claim ID not generated'. A drop-down option will be available where User will select the type of withdrawal request from the available (whether it is Death or premature exit) option.
  8. The User will select the Withdrawal type and percentage of withdrawal and submit the request.
  9. The User will enter the bank details and nomination details based on the details submitted by the subscriber in the Withdrawal request. The details are to be supported by the documents wherever necessary (refer to the Withdrawal form for details).
  10. In the checklist, the User will then capture the documents submitted by subscriber. The User will then submit the request.
  11. The User will be requested to confirm the details captured. On confirmation, the request will be captured in the CRA system. In case of superannuation, Acknowledgement Number will be generated. In premature exit and Death cases, Claim ID will also be generated alongwith the Acknowledgement Number.
  12. Another Nodal Office User will login into the CRA system (www.cra-nsdl.com) using second User ID and I-Pin.
  13. The second User, after logging in the CRA site, will click on the menu 'Transaction' and then on the sub-menu 'Authorize Transaction'.
  14. The Nodal Office User will have to select transaction type as 'Withdrawal request'. After selecting the type, the User will enter the relevant PRAN as the search criterion.
  15. After clicking on the search button, the second Nodal Office User will be able to view the screen summary with the details of Acknowledgment Number, PRAN, Registration Date, Registered By and Request Type.
  16. The Nodal Office User then clicks on the Acknowledgment Number hyperlink.
  17. The second User will now have the view of the Withdrawal request initiated by the first Nodal Office User. The second Nodal Office User can view the signature of the subscriber and clicks on verify screen.
  18. The User can reject the request in case there is any mismatch or details are not proper. In case of rejection, reason is mandatory.
  19. The Nodal Office User will authorise the Withdrawal request provided all the details are in order. The Nodal Office can click on 'View Form' and check the printable version of the Withdrawal Form.
  20. The Nodal Office can directly click on print menu and take the printout of Withdrawal Form. The subscriber has to paste self attested photograph, sign the declarations in the withdrawal form, get the witness signatures and submit the required documents.
  21. The Nodal Office Official has to attest the Withdrawal Form alongwith other KYC documents. The Nodal Office will then attach covering letter and sends the withdrawal docket to CRA (to be marked to NPSCPC) for further processing.

B. Subscribers raising Withdrawal Request in CRA system

NPS subscribers may initiate the withdrawal request in the CRA system six months before the age of Superannuation or on reaching the age of 60 years. CRA will generate a Claim ID six months in advance in the CRA system for all such subscribers. The NPS subscribers, after capturing their Withdrawal request in the CRA system, will submit the Withdrawal Form alongwith the required documents to their mapped PAO/ DTO/ POP-SP (hereafter referred as Nodal Office). Nodal Office is required to authorize the request in the CRA system and forward the duly authorised physical Withdrawal form alongwith the supporting documents to CRA for final approval and processing. The following activity flow provides the steps the subscriber and then the concerned Nodal Office has to follow while initiating a Withdrawal request.

The subscriber will log-in in the CRA system with his / her User ID and the I-Pin. The subscriber will then follow the process mentioned below:

a) After logging in, the Subscriber will click on the menu 'Initiate Withdrawal request'.

b) In case, a subscriber whose Claim ID is not generated and tries to capture the Withdrawal request, a message will be displayed that the subscriber is not allowed to initiate any Withdrawal request.

c) Subscriber will provide the Withdrawal Type from the dropdown menu - i) Full Withdrawal (whether the subscriber wants to withdraw the lumpsum and the annuity amount immediately) ii) Deferred Withdrawal (where lumpsum amount can be deferred for a particular period). The subscriber has to provide the following details:

I. Selection of Percentage of lumpsum and annuity Withdrawal - Subscriber will provide the %ge to be withdrawn as Lump-sum. Once subscriber provides the Lump-sum % share, ASP %ge share will be auto-populated.

II. Selection of Bank Details - Subscriber will provide the bank details to which funds will be transferred after redemption of units. If subscriber's bank details are present in the CRA system, it will be displayed to the subscriber. Subscriber may edit the bank detail by clicking the Edit button. Subscriber can also provide new bank detail by clicking the Edit button.

However, the subscriber has to provide proof of bank account whether he / she has selected the existing bank account or changed the bank account.

III. Selection of Nomination Details - If subscriber's nomination details are present in the CRA system, it will be shown to the subscriber. Subscriber may edit the nomination detail by clicking the Edit button.

d) Subscriber will select the list of documents which would be submitted with the Withdrawal form. List of the documents which can be submitted are mentioned in the Withdrawal form.

e) The subscriber will submit the request and confirm the same. After successful submission, an Acknowledgement ID will be generated.

f) The subscriber can click on 'View Form' and view & print the Withdrawal Form.

g) The subscriber has to paste his/her photograph and self attest it. Subscriber is also required to sign the declarations in the withdrawal form, get the witness signatures and submit the required documents to his / her mapped Nodal Office.

Once Nodal Office receives the physical request from the subscriber, it will process the request after verifying that the document is properly filled and supporting documents are in place. The roles and responsibilities of the Nodal Office would be as follows:

  1. Nodal Office User will login into the CRA system (www.cra-nsdl.com) using the User ID and I-Pin.
  2. Once Nodal Office User will click the menu 'Authorize Request' and will click the sub-menu 'Verify Subscriber Withdrawal Initiation'.
  3. The Nodal Office User will enter the combination of PRAN and Ack ID and submit the request.
  4. After submission of search button, the Nodal Office - User will be able to view the screen summary with the details of Acknowledgment Number, PRAN, Registration Date, Registered By and Request Type.
  5. The Nodal Office User will then click on the Acknowledgement Number hyperlink. The verification screen for Withdrawal request captured by Subscriber will be available to the User.
  6. The Nodal Office User can view subscriber signature and verify the same against the signature in the Withdrawal request. Once the Nodal Office User verifies the withdrawal request, the status of the request gets authorized.
  7. In case, there is any error in the details entered by the subscriber or incorrect details entered, Nodal Office User can edit the same provided the supporting documents for such details are available.
  8. The Nodal Office User may reject a request in case of a mismatch in the data entered, KYC documents not provided etc. Wherever a Withdrawal request is rejected, the User is required to provide the rejection reason.
  9. The Nodal Office should notify the subscriber in case of any modification carried out or any request rejected.
  10. The Second User of the Nodal Office will login into the CRA system (www.cra­-nsdl.com) using his other User ID and I-Pin.
  11. Once Nodal Office logs into the CRA site, there is a menu of 'Transaction'. User will click the sub-menu 'Authorize Transaction'.
  12. The Nodal Office Second User will select the transaction type as 'Withdrawal request' and puts in 'PRAN' or 'Acknowledgement Number' and searches the request.
  13. After submission of search button, the authorization screen (displaying summary with the details of Acknowledgement Number, PRAN etc.) will be available to the Nodal Office User.
  14. The Nodal Office User will then click on the Acknowledgment Number hyperlink.
  15. The authorization screen for Withdrawal request verified by Nodal Office First User will then be available to the Second User. An option is available to the Second User to view signature of the subscriber. Once the User clicks on the 'Submit' button. In case of rejection, Nodal Office is required to provide the rejection reason.
  16. The Nodal Office Second User has to confirm the request in the Authorization confirmation screen. The Nodal Office can click on 'View Form' and view & print the Withdrawal Form.
  17. The Nodal Office has to attest the withdrawal form alongwith other KYC documents. The Nodal Office will then attach covering letter and sends the withdrawal docket to CRA for further processing.


CIRCULAR 

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY


PFRDA/ 2013/14/ PDEX /9 
September 17, 2013
To,

All Govt ciepts./PAO's/DDO/ POP's, CRA St other stakeholders 

Dear Sir/ Madam, 

Sub: Option to defer Annuity purchase under NPS at the time of exit

As per the Exit guidelines of PFRDA for National Pension System (NPS) subscribers, a subscriber on attaining the Normal Retirement Age (applicable to Govt. sector subscribers) or upon attaining 60 years - is required to compulsorily annuitize at least 40% of your pension wealth and the remaining 60% can be withdrawn as a lump sum. Also, a subscriber wishing to exit from NPS before the normal retirement age or before attainment of 60 years is allowed to exit subject to the condition that a minimum of 80% of accumulated pension wealth needs to be mandatorily utilized for purchase of annuity that provides for the monthly pension to the subscriber. 

Presently, withdrawal of permissible lump sum withdrawal (60%) upon exit can be deferred by the subscriber to a later date but not beyond attaining 70 years of age. This is to take care of the reasons like unfavorable Market conditions or there being no requirement of the funds at that particular time. 

Due to the upheavals in the market conditions including the bond market and the swings in NAV's of the debt funds including NPS in the recent past, feedback has been received from various stakeholders that the subscribers be given an option to defer or time the annuity purchase (subject to a minimum of 40%/80% of accumulated pension wealth as applicable) akin to the deferment option for the lump sum withdrawal that is permitted currently under NPS. 

PFRDA after examining the issued has.approved the "Deferment option" for the annuity purchase at the time of exit from NPS with condition that such deferment can be for a maximum period of 3 years. One can initiate the annuity purchase option at any time before lapse of 3 years from the date of such deferment, by giving an application or notice to the Central Record Keeping Agency. 

If no such notice is given before the lapse of 3 years from such date of deferment, the percentage of accumulated pension wealth as provided by the subscriber in the NPS withdrawal application form (subject to a minimum of 40%180% of accumulated pension wealth as applicable) for purchase of annuity would be automatically monetized and such amount would not earn any investment income or interest to the subscriber thereafter. 

This is for the information of all concerned. The circular has also been placed on PFRDA website at http://www.pfrda.org.in and CRA website at http://www.npscra. nsdl.co.in. 

Yours faithfully, 
Sd/- 
Venkateswarlu Peni 
General Manager 

 CIRCULAR

 
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
PFRDN2013/17 /PDEX/10
23rd October, 2013
Subject: Exit guidelines under National Pension System — Option for Complete withdrawal of accumulated pension wealth by subscriber
In partial modification of exit guidelines provided under master circular no: PFRDN2013/2/PDEX/2 (at Serial no: 2 & 3) dt: 22/01/2013, it has been decided to provide an option to withdraw the entire accumulated pension wealth to subscribers other than the subscribers of NPS Lite — Swavalamban Scheme, subject to the condition that:

  • • The accumulated pension wealth in the subscribers permanent retirement account is equal to or less than Rs.2,00,000/- at the time of superannuation for government employee subscribers or upon attaining the age of 60 years for subscribers falling under All citizen model and Corporate model.

The subscribers wishing to exercise this 'option shall have to fill the attached request form along with the NPS Withdrawal form while submitting the same to their DDO/PAO/DTO/POP.

Sd/
Venkateswarlu Peni 
General Manager

CIRCULAR
National Pension System (NPS)

Request for withdrawal of Total Pension Wealth upon normal superannuation (for government employees) / Upon attaining the age of 60 years and where the total pension wealth is equal to or less than 
Rs.2,00,000/-


I _____________________________ holding a Permanent Retirement Account with number (PRAN) _____________________________ do hereby apply for the payment of the accumulated pension wealth in my NPS account being the full and final benefits receivable by me.

Date:

Place: 
Signature of the Subscriber 


Source - 

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