Transcript WELCOME TO CRA Central Recordkeeping Agency Workshop for PAOs/CDDOs Session I NSDL Overview of CRA & Registration of Nodal Offices and Subscribers ® Taking through the session NSDL ®  About NSDL  New.

WELCOME TO CRA
Central Recordkeeping Agency
Workshop for PAOs/CDDOs
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Session I
NSDL
Overview of CRA
&
Registration of Nodal Offices
and
Subscribers
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®
Taking through the session
NSDL ®
 About NSDL
 New Pension System (NPS)
 NPS Architecture
 Functions of CRA
 Role of Nodal Offices
 Legacy Data and Registration of Nodal Offices
and Subscribers
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About NSDL
NSDL ®
 First Depository in India-promoted by IDBI, UTI
and NSE
 NSDL credentials
 Managing large data base and centralised record
keeping
 Wide network through Point of Services
 Volume handling
 Handling National Level Projects
 Tax Information Network for Income Tax Dept.
 Appointed as the Central RecordKeeping
Agency by PFRDA for Government of India
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Features of NPS
NSDL ®
 Departure
from Defined Benefit towards
Defined Contribution System
 Registration- Unique & Portable Permanent
Retirement Account Number (PRAN)
 Tier I and Tier II Contributions
 Multiple funds and scheme options
 Annuity at retirement
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NPS Architecture
NSDL ®
PFRDA
Oversight
Mechanism
NPS Trust
Fund Flow
PAO/CDDO
NCDDO
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
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Functions of CRA
NSDL ®
 Registration of entities in the CRA system
 Issuance of unique PRAN to Subscribers
 Contribution Accounting
 Issuance of PRAN Transaction Statement
 Providing various services to the Subscribers and
different entities in NPS
 Grievance Resolution
 Reporting to PFRDA
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Role of Nodal Offices
 Registration
of
the
Nodal
offices
NSDL ®
and
Subscribers
 Uploading Subscriber’s monthly contribution
details to CRA (SCF)
 Transfer of contribution funds to Trustee Bank
 Updation of Subscriber Requests
 Grievance raising and resolution
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NSDL ®
Migration of legacy data
and
Registration of Nodal Offices and
Subscribers
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Migration of legacy data-upto March 31, 2008 ------- process
NSDL ®
 PAO wise legacy data upto March 31, 2008 submitted by PrAO
 Details received from PrAO
 Covering letter
 Annexure II –in physical form containing details for Registration of
the PAOs as well as details about transfer of funds to Trustee Bank
 Table I – in electronic format for registration of DDOs and
Subscribers
 Intimation to PAO by CRA
 PAO registration number, DDO registration number, PRAN of the
Subscribers, I-PIN and T-PIN for PAO to access CRA system,
NPSCAN and IVR system are intimated to PAO
 Fund Posting to Subscribers’ account on receipt of fund confirmation
from Trustee Bank
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Major Discrepancies
NSDL ®
 DDO Codes does not exist in CGA Directory
 PAO-DDO mapping not does not exist in CGA Directory
 Incomplete PAO Postal Address provided
 PAO Official E-Mail Address not provided
 Sum of Subscribers Contribution & Govt. Contribution does
not match with Total Contribution.
 UTR No./Cheque Details not provided/incomplete.
 Total Number of Subscribers not matching with Annexure - II
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Second tranche of Legacy data
-April 2008 to the cut off date
NSDL ®
 Direct electronic upload in NPSCAN by PAO
 PAO registered with CRA
 I-PIN provided by CRA
 Data pertaining to all underlying CDDOs and NCDDOs
 File similar to Table I along with Fund transfer details
File format
will be
provided later
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Second tranche of Legacy data
--Points to remember--
NSDL ®
 PRAN generated by CRA to be mentioned
 PPAN to be mentioned for employees joined after
March 31, 2008
 Fund transfer details
 Change in DDO-PAO mapping
 Allotment of multiple PPAN
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Registration process of Nodal
Offices
NSDL ®
Oversight Mechanism - On basis of physical forms-
Annexure N1 to CRA
 PAO -On basis of physical form -Annexure II to CRA
DDOs
CDDO
On the basis of physical forms-Annexure N2 & N3
NCDDO Though initially registered on the basis of electronic
data, complete registration on the basis of physical
-PAO
forms-Annexure N3 authorised by PAO.
NCDDO Though initially registered on the basis of electronic
-CDDO data, complete registration on the basis of physical
forms-Annexure N3 authorised by CDDO.
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Nodal Office Registration
NSDL ®
 Allotment of Unique Registration Number by
CRA
 Intimation of registration number by CRA
 Issue of I-Pin & T-Pin for accessing
NPSCAN/CRA and IVR facility
 Standard Operating Procedures/Utility at CRA
website for using NPSCAN/CRA
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Access to NPSCAN & CRA
NSDL ®
 Single sign-on for both NPSCAN & CRA
 Two different I-Pins without any hierarchy
 Nodal office to identify at least two officials
for assigning I-Pins
 Core personal data and other details to be
modified using Maker-Checker concept
 First time login –
Accept online terms and conditions
Set secret question
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Registration Hierarchy
NSDL ®
PAO/CDDO Registration
Nodal offices centrally
registered at CRA
DDO Registration
Subscriber Registration
Subscribers will be mapped to DDOs, DDOs will be mapped to
PAOs/CDDOs
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Subscriber Registration
NSDL ®
Form S1 to be submitted by Subscriber in
duplicate
Photograph & Signature/Thumb impression
of Subscriber
No supporting documents required
DDO to provide employment related
information
Certification of details by DDO
For Subscribers even though the PRAN has been generated, the physical
form has to be submitted for the purpose of issuance of PRAN card
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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 (Optional)
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/CDDO
DDOs
DDO
8. DDO packets
3. Submission of
forms
CRA
4. Generate
PRN and/or
Rejection
Letter
5. Scanning & digitization of
Forms
6. Verification through
FVU and Upload
CRA-FC
10. Data
Download
NPSCAN
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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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