PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY Website : www.pfrda.org.in CIRCULAR CIR No :  PFRDA/2020/37/SUP-CRA/15 Date: September 3, 2020 To. All Stakeholder under NPS Subject : e-Nomination facility for NPS subscribers Pension Fund Regulatory and Development Authority (PFRDA) has been established inter-alia is to protect the interests of subscribers of NPS and other pension schemes regulated by it. PFRDA has allowed comprehensive and digitally enabled solutions for subscribers’ varied needs from on-boarding till the process of exit. 2. Currently, the existing subscribers of NPS, who wish to change their nomination in their Permanent Retirement Account Number (PRAN), are required to submit S2 form (Request for change of Subscriber Master details) physically to the associated Nodal officers, corporates or Points of Presence (POPs) for updation. 3. In order to enable NPS Subscribers with ease of changing the nomination, PFRDA has...

14 percent of the Basic Pay plus DA by the Central Government Contribution in NPS – Gazette Notification The monthly contribution would be 10 percent of the Basic Pay plus Dearness Allowance (DA) to be paid by the employee and 14 percent of the Basic Pay plus DA by the Central Government MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 31st January, 2019 F. No. 1/3/2016-PR – In partial modification of para 1(i) of Ministry of Finance’s Gazette Notification No. 5/7/2003-ECB-PR dated 22nd December, 2003, based on the Government’s decision on 6th December, 2018 on the recommendations of a Committee set up to suggest measures for streamlining the implementation of National Pension System (NPS), the Central Government makes the following amendments in the said notification, namely :- (1) In para 1(i) of the said notification, for the words “The monthly contribution would be 10 percent of the salary and DA to be paid by the employee and matche...

Online Submission of FATCA Self-Certification Subscribers registered on or after July 1, 2014 are mandatorily required to submit FATCA Self- certification Please follow the steps given below for online Self-Certification: Log-in to your NPS account (please visit www.cra- nsdl.com) Click on sub menu "FATCA Self-Certification" under the main menu "Transaction" Submit the required details under "FATCA/CRS Declaration Form" Click on "Submit" You are requested to read and tick "Declaration & Authorization by all customers" Click on "Confirm" Enter OTP received on your registered mobile number. After Authentication through OTP, Acknowledgment for the completion of FATCA Self-certification will be displayed. You are requested to provide Online Self-certification even if you have submitted /sent the physical Self-Certification form to CRA Kindly note, you are required to submit physical FATCA Self- certification form to your Noda...

Ministry of Finance Partial Withdrawal under NPS 06 MAR 2018 The Pension Fund Regulatory Development Authority (PFRDA) has relaxed the norms for partial withdrawal under the National Pension Scheme (NPS). In accordance with the PFRDA (Exits and Withdrawals under the National Pension System) (First Amendment) Regulations 2017, the subscriber ought to be subscribed to the National Pension System, at least for a period of three years from the date of his or her joining to such system, to be eligible to make partial withdrawals, under specific circumstances as specified in such regulations. The NPS subscribers can withdraw after three years from the date of joining the system and a maximum of three times during the entire tenure of subscription under NPS, but the partial withdrawal is linked with contributions made by the subscriber. The subscriber shall be permitted to withdraw accumulations not exceeding twenty-five per cent of the contributions made by him or her and standing to his or ...

Ministry of Finance Partial Withdrawal under NPS 06 MAR 2018 The Pension Fund Regulatory Development Authority (PFRDA) has relaxed the norms for partial withdrawal under the National Pension Scheme (NPS). In accordance with the PFRDA (Exits and Withdrawals under the National Pension System) (First Amendment) Regulations 2017, the subscriber ought to be subscribed to the National Pension System, at least for a period of three years from the date of his or her joining to such system, to be eligible to make partial withdrawals, under specific circumstances as specified in such regulations. The NPS subscribers can withdraw after three years from the date of joining the system and a maximum of three times during the entire tenure of subscription under NPS, but the partial withdrawal is linked with contributions made by the subscriber. The subscriber shall be permitted to withdraw accumulations not exceeding twenty-five per cent of the contributions made by him or her and standing to his or ...