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Registration of Administrative Offices and Subscribers
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Presentation Snapshot
Features of NPSNPS ArchitectureFunctions of CRARegistration of nodal officesRegistration of Subscribers
®® NSDL
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Features of NPSMandatory for entrants to Government (Central)
service (excluding armed forces) who have joined services on or after January 1, 2004.
Departure from ‘Defined Benefit’ to ‘Defined Contribution System’
Registration-Unique & Portable Permanent Retirement Account Number (PRAN)
Multiple Funds and Scheme options
• Default Scheme to begin with • Select Withdrawals
®® NSDL
As per the present guidelines of PFRDA, contribution towards pension will be invested in the default Schemes termed Scheme of various Pension Fund Managers in the proportion of 85% in fixed income instruments and 15% in equity and equity related instruments.
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Subscriber
PAO
NPSCAN
CRA(NSDL)
Custodian(SHCIL)
NPS Trust
DDO
Trustee Bank(BOI)
Fund Flow
Annuity ServiceProviders
Funds Flow
Information Flow
Over Internet
NPS Architecture
PFM (SBI)PFM (UTI)PFM (LIC)
NAV
PFRDA®®
NSDL
Oversight Mechanism
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Registration of nodal offices in the CRA system
Issuance of unique PRAN to Subscribers Receipt and Transmission of fund instructions to
Trustee Bank and PFMIssuance of annual Transaction Statement
Providing MIS on a regular basis to PFRDA and various other entities such as state governments
Grievance Resolution
Functions of CRA ®® NSDL
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Registration Hierarchy
Subscribers will be mapped to DDOs, DDOs will be mapped to PAO and PAO will be mapped to PrAO
Nodal offices centrally registered at CRA
PrAO Registration
PAO Registration
Subscriber Registration
®® NSDL
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DDO Registration
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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 to submit Form S1 to DDO in duplicate• Photograph & Signature/Thumb impression of
SubscriberDDO shall mention employment details of the
Subscriber and forward to the PAOPAO shall verify the details in the form and forward to
CRA facilitation center Upon registration of subscribers, CRA will forward
PRAN kit to PAO for onward submission to DDO. DDO will forward the same to subscribers.
Subscriber Registration -physical applications ®® NSDL
PRAN Kit : • PRAN Card•Subscriber Master Report•Subscriber Brochure•I-PIN/T-PIN
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Understanding Subscriber Registration Form
• Form S1 – Application for allotment of PRAN• Details of the form
• Section A – Personal Details (Mandatory- excluding 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
®® NSDL
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Subscriber
DDOs PAO
1. Submission of Form
2. Verification of details, provide employment details, Consolidation and Submission
7. Generation & disp
atch of PRAN card, I – Pin
& T - Pin
5. Scanning & digitization of Forms
6. Verification through FVU and Upload
4. Generate PRN and/or Rejection Letter
CRA
Subscriber Registration – Complete Process Flow
DDO8. DDO packets
9. PRAN kit
3. Submission offorms
CRA-FC
®® NSDL
Once PRN is generated, CRA shall dispatch PRAN Cards within 20 days
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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®® NSDL
Subscriber Registration - Control Points
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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 : info.cra@nsdl.co.in
Website: www.npscra.nsdl.co.in
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