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.

Also check: eNPS offers ease of online opening of NPS account – PFRDA

3. In order to enable NPS Subscribers with ease of changing the nomination, PFRDA has allowed the ‘e sign based online facility’ to change of nomination through the Subscribers’ login credentials, as per the process flow given in Annexure-A. Central Record Keeping Agencies (CRAs) have been advised to introduce this feature in their system at the earliest.

4. The detailed provisions regarding ‘Nominations’ under NPS are specified under regulation-32 of PFRDA (Exits and Withdrawal) Regulations 2015. The relevant extracts of the regulations are provided under Annexure-B for ready reference.

Read: Good news for NPS employees

5. This circular is issued under Section 14 of PFRDA Act 2013 and is available at PFRDA’s website (www.pfrda.org.in) under the Regulatory framework and in “Circular” section of CRA under intermediaries.

K Mohan Gandhi
(General Manager)

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PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

PFRDA

CIRCULAR

CIR No: PFRDA/2020/2/CORP/1

Date: 24th March, 2020

To
All Stakeholders

Subject: Authorization of CSRF by employer

World Health Organisation has already recognized COVID-19 outbreak as a global pandemic and in light of various advisories issued by Ministries of Central Government/State Governments/ Local Administrations / Corporates for taking precautions to avoid spreading of the pandemic, many employers have implemented / encourage employees to work from home.

2. In light of the above and requests received from Points of Presence, it has been decided to allow employers / corporates to authorize the NPS Subscriber Registration Forms submitted by their employees through email instead of physical authentication subject to the following conditions:

– employee authorizations should be from the email ids of the Nodal Officer or the Alternate Nodal Officers as registered in CRA records.

– upon resumption of normalcy, re-authorization of employees by employer/corporate on their letter head to be collected by PoPs for all such cases.

3. The corporates / employers already authorizing the forms through online methods may continue the process as is.

Yours Sincerely
(Mono MG Phukon)
General Manager

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The NPS status report as on May 7, 2013 is given as under: 

(I)

Source: www.pfrda.org.in
[http://pfrda.org.in/writereaddata/linkimages/NPS%20Status%20-May2013721280868.pdf]

The post NPS (National Pension System) – Latest status of subscribers of NPS as on 7 May 2013 appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.