Transcript Frances

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)
As per the forces)
present guidelines
of PFRDA,
service (excluding armed
who
have joined
contribution towards pension will be
services on or after January
2004.
invested in1,
the default
Schemes termed
Scheme of various Pension Fund Managers
 Departure from ‘Defined
to ‘Defined
in the proportionBenefit’
of 85% in fixed income
and 15% in equity and equity
Contribution System’ instruments
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
Oversight
Mechanism
NPS Trust
Fund Flow
PAO
DDO
Subscriber
NSDL
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
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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
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
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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 :
 PAO shall verify the details in the
formCard
and forward to
• PRAN
•Subscriber Master
CRA facilitation center
Report
 Upon registration of subscribers,
CRA Brochure
will forward
•Subscriber
•I-PIN/T-PIN to DDO. DDO
PRAN kit to PAO for onward submission
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 (Mandatoryexcluding 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
Form
9. PRAN kit
2. Verification of details, provide employment
details, Consolidation and Submission
PAO
DDOs
DDO
8. DDO packets
Once PRN is
generated, CRA
shall dispatch
CRA Cards
PRAN
within 20 days
3. Submission of
forms
4. Generate
PRN and/or
Rejection
Letter
5. Scanning & digitization of
Forms
6. Verification through
FVU and Upload
CRA-FC
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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 : [email protected]
Website: www.npscra.nsdl.co.in
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