नई पेंशन योजना
NPS -NATIONAL PENSION SYSTEM IN VIEW OF PFRDA
Questions | Answer |
What is the | As per PFRDA Act 2013, PFRDA of pension funds and for matters connected therewith or |
What is National Pension System? | “National Pension System” (NPS) means the contributory
The Central Government has introduced the Defined specified dates, |
Who are covered | NPS is applicable to all employees joining services of |
How does NPS differ from old pension? | The old pension scheme of Government of India is based on
NPS is referred as Defined Contribution |
5 | What is a PRAN? |
PRAN is an acronym |
6 | Are bank Aadhar, PAN, CKYC identifier and FATCA declaration mandatory for opening |
As per the current Common Subscriber Registration Form ( |
7 | What are the KYC documents required for generation of PRAN? | Identity and address proof are the key KYC documents. Details |
8 | Can PRAN be generated for employees who have already |
No. Registration of subscribers is not permitted under |
9 | Can a subscriber use the same if |
Yes. As PRAN is unique and portable across employment & |
10 | What is the process of Inter Sector Shifting (ISS), |
A subscriber can shift from his current |
11 | Can a subscriber obtain/ than one | No, an individual is permitted to have only one PRAN which is unique, permanent and portable across
If a |
12 | Who can be a nominee and how are the |
Only an individual can become a nominee. Subscriber can nominate a maximum of three nominees |
13 | Who can |
A subscriber, at the time of joining the National Pension
Ø Ø |
14 | What is Non-IRA PRANs? the advantages & |
Non-IRA subscribers are those whose PRANs were generated on Advantages & Benefits of IRA Compliance to Subscribers: |
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1. 2. 3. 4. 5. 6. |
15 | What one changes in PRAN data? | Subscriber can update his / her details in Tier I in CRA system by submitting a change request |
16 | What are Account |
The Principal Accounts Office (PrAO)/ Directorate of
1. 2. 3. Monitor the resolution of grievances raised 4. |
17 | Is NPS applicable to employees of Central Autonomous Bodies? |
Yes. In line with the decision of GOI to introduce NPS for |
18 | How can Bodies join |
Department of Expenditure, Ministry of Finance , GOI vide |
19 | Is transition from contributory Provident Fund to Defined |
Yes. The organizations are permitted to shift to NPS in The other detailed operational features are as follows,
a. The b. In c. Recurring monthly d. The |
20 | Is NPS applicable to employees of State Autonomous Bodies? |
Many State Governments have adopted NPS architecture and |
21 | Is NPS applicable to Members of All India |
Yes and contribution to NPS is mandatory for all members after 1/1/2004 as specified in No 25014/14/2001-AIS II Dt 8/9/2009 issued by Ministry of Personnel, Public Grievances and Pensions. |
22 | From where Information Brochure? | For accessing the latest (updated) Subscriber Information Brochure, subscribers may be visit PFRDA |
23 | What is Tier I and Tier II account? they different? |
Under NPS, two types of account would be available to | ||
24 | How much can a subscriber contribute towards his Tier I account? |
A subscriber contributes 10% of his Salary On voluntary basis, subscriber may contribute | ||
25 | How can one open what ? |
An active Tier I Any government employee who has an active Tier I account Subscriber can choose one Pension Fund and decide | ||
26 | What is the investment-pattern for Government employees? | Following is the investment pattern for Govt | ||
Particulars | Exposure Limits |
| ||
Government Securities & related investments | Upto 50% | |||
Debt Instruments & related investments | Upto 45% | |||
Short term | Upto 5% |
|
| Equity & related investments | Upto 15% |
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Asset backed trust | Upto 5% | |||
Three funds | ||||
For accessing the latest guideline, the pension fund section may be visited | ||||
27 | Is there SCF and remittance of funds? |
The timelines are specified in OM No 1 (7) 2003 / TA / Partfile/ 279 Dt 2/9/2008 issued by Department of Expenditure, Office of CGA, Ministry of Finance; applicable PAO/CDDOs should upload | ||
29 | How I can get Statement of Transactions (SoT)/check my NPS | Subscriber s can access their SoTs at NPS using their |
30 | Are there contributions for the central government employees? | Tax Benefits:
(i) On
(ii) On
(iii) From |
31 | How does grievances/ complaints? | A subscriber can contact his associated Subscriber can also raise |
32 | What to do if the grievance has not been | Every grievance lodged shall be disposed off within a
For Complete information on the issue, please refer to |
33 | How I Exit/withdrawal /partial withdrawal? | Please |
34 | Whether any Mobile application for NPS is available? | Yes, NPS app may be downloaded from play store in Android and from Subscribers
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![NPS STRUCTURE](https://railwaymutualtransfer.com/wp-content/uploads/2023/08/New-Microsoft-Word-Document_page-0001-1024x691.jpg)
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