Transcript Document

Registration of Administrative Offices and
Subscribers
Presentation Snapshot
NSDL
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•
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Features of NPS
NPS Architecture
Functions of CRA
Registration of nodal offices
Registration of Subscribers
®
Features of NPS
NSDL
• Mandatory for entrants to Government (Central)
As per the present guidelines of PFRDA,
service (excluding armed
forces) who have joined
contribution towards pension will be
in the default
Schemes termed
services on or afterinvested
January
1,
2004.
Scheme of various Pension Fund
Managers Benefit’
in the proportion
85% in
• Departure from ‘Defined
toof‘Defined
fixed income instruments and 15% in
Contribution System’
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
®
NPS Architecture
NSDL
PFRDA
Oversight
Mechanism
NPS Trust
Fund
Flow
PAO
DDO
Subscriber
N
P
S
C
A
N
Over Internet
Trustee Bank
(BOI)
CRA
(NSDL)
NAV
Custodian
(SHCIL)
PFM (SBI)
PFM (UTI)
PFM (LIC)
Annuity
Service
Providers
Information
Flow
Funds Flow
®
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
Registration Hierarchy
NSDL ®
PrAO Registration
PAO Registration
Nodal offices centrally
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
Role of Oversight Mechanism
• 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.
NSDL ®
Role of PAO
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o
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
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
o Forwarding Subscriber’s request to PAO for change
in details, switch, new scheme setup, etc.
o Forwarding subscriber’s Withdrawal requests to PAO
o Forwarding Subscriber’s Grievance requests to PAO
o 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
• PAO shall verify the details in the
form
PRAN
Kit :and forward
• PRAN Card
to CRA facilitation center
• Subscriber Master
• Upon registration of subscribers, Report
CRA will forward
PRAN kit to PAO for onward submission
to DDO.
• Subscriber Brochure
• I-PIN/T-PIN
DDO will forward the same to subscribers.
Understanding Subscriber
Registration Form
NSDL ®
• Form S1 – Application for allotment of PRAN
• Details of the form
o Section A – Personal Details (Mandatoryexcluding bank details)
o Section B – Employment Details (Mandatory)
o Section C– Nomination Details (Optional)
o Section D– Scheme Details
o Section E – Declaration for I-Pin, T-Pin
o Each Section has mandatory and optional
fields
Subscriber Registration –
Complete Process Flow
NSDL ®
Subscriber
1. Submission of
Form
9. PRAN kit
2. Verification of details, provide employment
details, Consolidation and Submission
DDOs
DDO
PAO
8. DDO packets
4. Generate
PRN and/or
Rejection Letter
3. Submission of
7. Generation & dispatch of PRAN card, I – Pin
Once PRN is
forms
& T - Pin
generated, CRA
shall dispatch
5. Scanning & digitization of
Forms
PRAN
Cards
CRA
CRA-FC
6.
Verification
through
within 20 days
FVU and Upload
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
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 : [email protected]
Website: www.npscra.nsdl.co.in