Nps Permanent Retirement Account Number

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					Registration of Administrative Offices and
                Subscribers




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       Presentation Snapshot             ®
                                  NSDL


 Features of NPS
 NPS Architecture
 Functions of CRA
 Registration of nodal offices
 Registration of Subscribers




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                  Features of NPS                                NSDL
                                                                        ®



 Mandatory for entrants to Government (Central)
                                                    have
  service (excluding armedthe forces) whoPFRDA, joined
                       As per present guidelines of
                          contribution towards pension will be
                         invested in the 2004.
  services on or after January 1, default Schemes termed
                         Scheme of various Pension Fund Managers
 Departure from ‘Defined Benefit’ income ‘Defined
                         in the proportion of 85% in fixed to
  Contribution System’ instruments and 15% in equity and equity
                         related instruments.

 Registration-Unique & Portable Permanent Retirement
  Account Number (PRAN)
 Multiple Funds and Scheme options
• Default Scheme to begin with
• Select Withdrawals
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                  NPS Architecture
                                                                                ®
                             PFRDA                                       NSDL

Oversight
Mechanism                                       NPS Trust

               Fund Flow                Trustee Bank
                                                               Custodian
                                           (BOI)
                                                                (SHCIL)
               N
               P                                    PFM (SBI)
  PAO                                         NAV
                                                    PFM (UTI)
               S               CRA
               C             (NSDL)                 PFM (LIC)
               A
  DDO          N

                                      Annuity Service
Subscriber   Over Internet              Providers

                                                        Information Flow

                                                            Funds Flow     4
           Functions of CRA                         NSDL   ®



 Registration of nodal offices in the CRA system
 Issuance of unique PRAN to Subscribers
 Receipt and Transmission of fund instructions to
  Trustee Bank and PFM
 Issuance of annual Transaction Statement
 Providing MIS on a regular basis to PFRDA and
  various other entities such as state governments
 Grievance Resolution


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             Registration Hierarchy                                 NSDL ®


                PrAO Registration



                                          Nodal offices centrally
                 PAO Registration         registered at CRA



                 DDO Registration




               Subscriber Registration

Subscribers will be mapped to DDOs, DDOs will be mapped to PAO and
PAO will be mapped to PrAO
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        Role of Oversight Mechanism                       NSDL ®

• Monitor the activities related to NPS which are carried
  out as per the defined procedure

    • can check the subscriber registration status

    • can view pending contribution file details

    • can view missing credits in subscribers’ accounts

    • Grievance pending against Nodal offices.



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                    Role of PAO                              NSDL ®

• Submit DDO registration forms/data to CRA for registration.
• Upload Subscriber Contribution File (SCF) to NPSCAN system
• Deposit the contribution amount in the Trustee Bank as per
 the SCF uploaded in NPSCAN
• Update and process requests for changes in subscribers’
 details
• Can raise a grievance on behalf of DDO and the Subscriber
• Resolve the grievance raised against it by any entities in the
 CRA system


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                Role of DDO                         NSDL ®

• Registration of Subscribers
• Distribution of PRAN kit, I-PIN, T-PIN to Subscribers
• Providing information to PAO about Subscriber’s
  contribution
• Forwarding Subscriber’s request to PAO for change in
  details, switch, new scheme setup, etc.
• Forwarding subscriber’s Withdrawal requests to PAO
• Forwarding Subscriber’s Grievance requests to PAO
• Disbursing payment for withdrawal to subscribers


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         Subscriber Registration -
           physical applications
                                                       NSDL ®


 Subscriber to submit Form S1 to DDO in duplicate
• Photograph & Signature/Thumb impression of
  Subscriber
 DDO shall mention employment details of the
  Subscriber and forward to the PAO
                                     PRAN Kit :
                                    • form and
 PAO shall verify the details in thePRAN Card forward to
  CRA facilitation center           •Subscriber Master
                                    Report
                                    •Subscriber will forward
 Upon registration of subscribers, CRA Brochure
  PRAN kit to PAO for onward submission to DDO. DDO
                                    •I-PIN/T-PIN
  will forward the same to subscribers.
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    Understanding Subscriber
       Registration Form                         NSDL ®

• Form S1 – Application for allotment of PRAN
• Details of the form
   • Section A – Personal Details (Mandatory-
    excluding bank details)
  • Section B – Employment Details (Mandatory)
  • Section C– Nomination Details (Optional)
  • Section D– Scheme Details
  • Section E – Declaration for I-Pin, T-Pin
  • Each Section has mandatory and optional fields


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                   Subscriber Registration –
                    Complete Process Flow                                                                      NSDL ®

        Subscriber
1. Submission of    9. PRAN kit
Form
                                  2. Verification of details, provide employment
                                  details, Consolidation and Submission
           DDO
           DDOs
                                                                                                      PAO
                                             8. DDO packets


                                                                                                       4. Generate
                                                                                                       PRN and/or
            Once PRN is                                                            3. Submission of
                                                                                        forms
                                                                                                       Rejection
                                                                                                       Letter
           generated, CRA
           shall dispatch                          5. Scanning & digitization of
                                                   Forms
           PRAN Cards
           CRA                                                                                  CRA-FC
                                                   6. Verification through
           within 20 days                          FVU and Upload




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                                                                                                                     12
 Subscriber Registration - Control Points
                                            NSDL   ®



 All employment details (Section – B) to be
 filled completely by DDO
 Submission of physical application forms to
 CRA-FC, DDO wise in a single lot of not more
 than 50 forms




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Contact at:
Central Recordkeeping Agency, NSDL
Trade World, ‘A Wing’, 4th Floor
Kamala Mills Compound, S. B. Marg
Lower Parel, Mumbai 400 013
Tel. No. 2499 4200
Fax No. 2499 4974
Email id : info.cra@nsdl.co.in
Website: www.npscra.nsdl.co.in
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