FAQs- NPS Withdrawals Central & State Govt. models Nodal Offices

Size: px
Start display at page:

Download "FAQs- NPS Withdrawals Central & State Govt. models Nodal Offices"

Transcription

1 FAQs- NPS Withdrawals Central & State Govt. models Nodal Offices Sl. No. FAQs & Answers Karvy Computershare Pvt. Ltd. When can a subscriber withdraw from NPS? Is it possible to exit from NPS before attaining the age 1 of 60 or superannuation? Withdrawal from NPS can be: 1. On attaining the age of superannuation 2. On voluntary retirement or exit before attaining the age of superannuation or 60(Pre-mature exit) 3. On death of the subscriber 2 When can a subscriber exit/withdraw from NPS before attaining the age of superannuation or 60? 3 Pre-mature withdrawal is allowed: - For Central/State Government sector subscribers - on voluntary retirement or exit from service before superannuation - For All-Citizens model subscribers - at any time before the age of 60, provided the subscriber has subscribed to NPS for atleast 10 years - For Corporate model subscribers - on resignation, at any time before the age of 60, provided the subscriber has subscribed to NPS for atleast 10 years If a subscriber is eligible and applies for pre-mature withdrawal, what will happen if his/her age is less than the minimum age requirement for purchasing any approved annuity from an ASP? If the accumulated pension wealth of the subscriber is more than Rs. 1 lakh, but the age of the subscriber is less than the minimum age required for purchasing any annuity from any of the empanelled ASPs as chosen by the subscriber, such subscriber shall continue to remain in NPS, until he or she attains the age of eligibility for purchase of any annuity. 4 How can a subscriber make a request for withdrawal on superannuation or pre-mature withdrawal? 5 6 A subscriber can raise a request for withdrawal on superannuation (or on attaining the age of 60) or for withdrawal before superannuation (Pre-mature exit) in the following ways: 1. By submitting a request in physical form to the Nodal Office(DDO), with necessary enclosures 2. By raising an online request in the CRA website, using his/her I-PIN and submitting the autopopulated physical form to the Nodal Office. If a subscriber wishes to make a withdrawal request (W/d on Superannuation or Pre-Mature W/D), by submitting a physical form, what form should be used? Where can the Subscriber find the forms? To whom should the form be submitted? The subscriber should submit the W/D request forms (as given below) to his/her DDO: - Withdrawal on Superannuation - Form 101-GS - Pre-mature withdrawal (On voluntary retirement/exit before superannuation) - Form 102-GP The forms can be downloaded from the CRA website What documents should be enclosed along with the withdrawal request for withdrawal on superannuation?

2 7 8 The following documents should be enclosed along with the request for withdrawal on Superannuation: 1. Proof of address 2. Proof of identity 3. Cancelled cheque /Bank Certificate /Copy of passbook with the subscriber photograph (KYC Certificate suffice for Bank proof in case of Govt. employees) 4. Advance Stamp Receipt 5. Request Cum Undertaking Form (If subscriber is having a corpus of less than Rs. 2 lakhs) What documents should be enclosed along with the withdrawal request for withdrawal before superannuation (Pre-mature exit)? The following documents should be enclosed along with the request for pre-mature withdrawal: 1. Proof of address 2. Proof of identity 3. Cancelled cheque /Bank Certificate /Copy of passbook with the subscriber photograph (KYC Certificate suffice for Bank proof in case of Govt. employees) 4. Advance Stamp Receipt 5. Request Cum Undertaking Form (If subscriber is having a corpus of less than Rs. 1 lakh) What documents should be enclosed along with the withdrawal request for withdrawal by nominee(s) on the death of a subscriber? The following documents should be enclosed by the nominees, along with the request for withdrawal on death of a subscriber: 1. Proof of address 2. Proof of identity 3. Cancelled cheque /Bank Certificate /Copy of passbook with the claimant photograph 4. Advance Stamp Receipt 5. Copy of Death Certificate 6. No Objection Certificate for family pension 7. Request Cum Undertaking Form (If subscriber is having a corpus of less than Rs. 2 lakhs) 8. Non-IRA compliance Certificate if subscriber is non IRA compliant Can a subscriber change his nominees at the time of withdrawal request for W/D on 9 superannuation or pre-mature W/D? The subscriber should specify the nomination details in the W/D request for W/D on superannuation or pre-mature W/D. He/she can nominate a maximum of 3 people. The nomination percentage shares between the nominees should add upto 100 and should not be in integers/fractional values. Where the subscriber wishes to nominate more than one person, he/she should enclose the nomination details in Annexure 401-AN. 10 What is claim ID? A claim ID needs to be generated in the CRA system, to enable raising/processing of withdrawal requests in the CRA system. For withdrawal on attaining the age of 60 or superannuation - a claim ID is generated by the CRA 6 months prior to the date of a subscriber's superannuation For pre-mature withdrawal or withdrawal by legal heirs on death of a subscriber - a claim ID is generated when the concerned Nodal Office (DDO/POP/POP-SP) raises a request for the same in the CRA system. A subscriber can raise an online request for withdrawal only after a claim ID is generated. In case of premature withdrawal, he/she has to contact the Nodal Office for generation of Claim ID, before raising an online request.

3 Where a subscriber wants to withdraw on attaining the age of 60 or superannuation, can he/she make a withdrawal request in advance? A subscriber who wishes to withdraw on attaining the age of 60 or superannuation can make a withdrawal request at any time after the generation of Claim ID, upto 6 months before the superannuation date. However, the Withdrawal request will be processed only after completion of Superannuation age/ Date of Retirement (as per the CRA records). In case a subscriber is withdrawing from NPS on attaining the age of 60 or superannuation, how should his employer settle his last 3 contributions? Contributions deductions under the NPS made by the employers from the salary of such subscriber shall be stopped at least three months prior to the date of superannuation, as may be applicable, to ensure that the exit and withdrawal of the subscriber is smooth and effective. The employer shall settle directly the said last three months contributions at their end with the concerned employee. Can a subscriber withdraw the entire accumulated wealth as lump-sum, for withdrawal on superannuation or pre-mature withdrawal? Withdrawal on superannuation (or on attaining the age of 60): The Subscriber can withdraw a maximum of 60% of the pension wealth as lump-sum and is required to transfer a minimum of 40% of the pension wealth to Annuity. Where the accumulated pension wealth is less than Rs.2 lakhs, the entire amount can be withdrawn as lump-sum. Withdrawal before superannuation (Pre-mature exit) - The Subscriber can withdraw a maximum of 20% of the pension wealth as lump-sum and is required to transfer a minimum of 80% of the pension wealth to Annuity. The subscriber should mention the allocation percentages for the amount to be withdrawn as Lump-sum and the amount to be used to purchase life annuity, in the withdrawal request. Where the accumulated pension wealth is less than Rs.1 lakh, the entire amount can be withdrawn as lump-sum. When can a subscriber withdrawing on attaining the age of 60 or superannuation, withdraw the entire pension wealth as lump-sum and not purchase any annuity? Where the accumulated pension wealth in the Permanent Retirement Account of the subscriber is equal to or less than Rs.2 lakhs, the subscriber shall have the option to withdraw the entire accumulated pension wealth without purchasing annuity (and hence shall not receive any pension). When can a subscriber withdrawing on pre-mature exit, withdraw the entire pension wealth as lump-sum and not purchase any annuity? Where the accumulated pension wealth in the Permanent Retirement Account of the subscriber is equal to or less than Rs.1 lakh, the subscriber shall have the option to withdraw the entire accumulated pension wealth without purchasing annuity (and hence shall not receive any pension). Who should make a withdrawal request in case of a subscriber's death? What will happen if there is more than one nominee? In the event of a subscriber's death, all the registered nominees or Legal heirs should jointly submit the withdrawal request. In the event of a subscriber's death, how will the subscriber's accumulated pension wealth be paid out to the nominees - i.e., as lumpsum or in annuities? Can the nominees receive the entire pension wealth as lump-sum?

4 18 In the event of a subscriber's death, the entire accumulated pension wealth will be paid to the nominees/legal heirs as lump-sum. On the death of the subscriber, how should the nominees/legal heirs make a withdrawal request? What form should be used? To whom should the form be submitted? Can a W/D request be made online? In the event of a subscriber's death, all the registered nominees or legal heirs (including the guardian(s) of any minor nominee(s)) should jointly submit the withdrawal request in Form 103-GD, to the subscriber's DDO. The form can be downloaded from the CRA website Online submission of withdrawal request cannot be done by the nominee(s)/legal heir(s) in the event of withdrawal on death of a subscriber. Will the Nodal Office (DDO/POP/POP-SP) get an acknowledgement from the CRA, on forwarding of 19 physical requests for withdrawal to the CRA? Yes. 20 Can a subscriber make an online request for withdrawal? Yes, the subscriber has the option to make an online request for withdrawal from the CRA website, using his/her I-PIN. This option is not available to the nominees/legal heirs, for withdrawal on death of a subscriber. After submission of an online request, the subscriber should print the autopopulated form, paste his/her photograph, attest the photo, sign the form and get witness signatures and submit the form with the enclosures (as selected while filling the form) to his/her Nodal Office. A claim ID must have been generated in the CRA system, before the subscriber can make an online request. The subscriber should contact his/her Nodal office for generation of claim ID, in case the same has not been generated already (eg. in case of pre-mature withdrawal). 21 What is the role of the Nodal Office (DDO/POP/POP-SP) in online submission of W/D request, if the subscriber/nominees have submitted a physical withdrawal request to them? Where a subscriber (or his nominees-on his/her death) has submitted a physical Withdrawal request, the Nodal Office (DDO/POP/POP-SP) should: 1. Verify the withdrawal request and KYC documents/other enclosures 2. Initiate Withdrawal request in the CRA system (using "Maker" ID) 3. Authorise the Withdrawal request in the CRA system (using "Checker" ID) and 4. Send the withdrawal docket with a covering letter to the CRA, for storage purposes only. What is the role of the Nodal Office (DDO/POP/POP-SP) in online submission of W/D request, if the subscriber has submitted an online withdrawal request? Where a subscriber has submitted an online Withdrawal request, the Nodal Office (DDO/POP/POP- SP) should: 1. Verify the withdrawal request and KYC documents/other enclosures received from the subscriber after the online request 2. Verify the withdrawal request captured by the Subscriber in the CRA system (using "Maker" ID) 3. Authorise the Withdrawal request in the CRA system (using "Checker" ID) and 4. Send the withdrawal docket with a covering letter to the CRA, for storage purposes only. Can a subscriber who is withdrawing from NPS on attaining the age of superannuation, choose the Annuity contract that he wishes to purchase?

5 24 Karvy Computershare Pvt. Ltd. For Government sector subscribers, the default annuity contract provides for: a. Annuity for the life of the subscriber or spouse (if any) - (with provision for return of purchase price); b. On demise of the subscriber, return of purchase price of the annuity - to be used for purchase of annuity (at a premium rate prevailing at the time of such purchase) for other family members in the order of: i. living dependent mother of the deceased subscriber and ii. living dependent father of the deceased subscriber - until all are covered. Thereafter, the purchase price to be returned to the surviving children or legal heirs of the subscriber. A Subscriber who is withdrawing on attaining superannuation, who wishes to opt out of the default option and choose a different annuity contract, shall be required to specifically opt for such option. Can a subscriber who is withdrawing from NPS before attaining the age of superannuation (premature exit), choose the Annuity contract that he wishes to purchase? For Government sector subscribers who wish to withdraw before attaining the age of superannuation, the default annuity contract applies, which provides for: a. Annuity for the life of the subscriber or spouse (if any) - (with provision for return of purchase price); b. On demise of the subscriber, return of purchase price of the annuity - to be used for purchase of annuity (at a premium rate prevailing at the time of such purchase) for other family members in the order of: i. living dependent mother of the deceased subscriber and ii. living dependent father of the deceased subscriber - until all are covered. Thereafter, the purchase price to be returned to the surviving children or legal heirs of the subscriber. 25 When can a subscriber opt for deferment of Withdrawal? a. A Subscriber exiting NPS on account of Superannuation can opt for deferring the Withdrawal of his/her lump sum share (maximum 60%) until he/she attains the age of 70 years. b. In such cases, the subscriber should intimate his or her intention to do so in writing in the specified form at least fifteen days before the attainment of age of superannuation and agree to bear the transaction/maintenance charges levied by all the NPS intermediaries (CRA, TB etc.) for maintaining the PR Account. 26 Can a subscriber who has attained the age of 60 or superannuation, defer purchasing the annuity? Subscribers exiting NPS on account of Superannuation can defer the purchase of Annuity for a maximum period of 3 years (minimum 40% is to be invested with ASP for purchase of Annuity) In such cases, the subscriber should intimate his or her intention to do so in writing in the specified form at least fifteen days before the attainment of age of superannuation and agree to bear the transaction/maintenance charges levied by all the NPS intermediaries (CRA, TB etc.) for maintaining the PR Account. 27 When is the option of deferring the purchase of annuity not available to a subscriber? A subscriber will not have the option of deferring the purchase of annuity: - In case of pre-mature withdrawal or - In case of withdrawal on attaining the age of 60 or superannuation, if he/she does not intimate his or her intention to do so in writing in the specified form at least fifteen days before the attainment of age of superannuation to the NPS Trust or CRA

6 28 What will happen in the event of death of a subscriber who has deferred the purchase of annuity? In case a subscriber opts for deferment of purchase of Annuity, in case the death of the subscriber occurs before such due date of purchase of an annuity after the deferment, the annuity shall mandatorily be purchased by the spouse (if any) providing for: i. Annuity for the life of the spouse; ii. On demise of the spouse, return of purchase price of the annuity - to be used for purchase of annuity (at a premium rate prevailing at the time of such purchase) for other family members in the order of: 1. living dependent mother of the deceased subscriber and 2. living dependent father of the deceased subscriber. (until all are covered) Thereafter, the purchase price to be returned to the surviving children or legal heirs of the subscriber. Can a subscriber partially withdraw from his NPS account, while continuing to maintain and 29 contribute to the account? Partial withdrawal of upto 25% of the subscriber s contribution (not Employer s contribution) is allowed under certain specific circumstances (eg. Purchase of house, higher education of children etc.) as per the PFRDA regulations, provided the subscriber has been in the National Pension System for atleast 10 years. Such withdrawal is allowed only for a maximum of 3 times during the entire tenure of subscription under the NPS. Not less than a period of five years should have elapsed from the last date of each of such withdrawal. 30 What happens to the balance in a subscriber's Tier II account, on withdrawal from Tier I account? Tier-II account shall stand automatically closed at the time of exit of the subscriber from the National Pension System, even if an application so specified for the purpose has not been received from the subscriber, and the accumulated wealth in such account shall be transferred to the bank account provided by the subscriber, while submitting his application for exit from the National Pension System. When and how can a subscriber withdraw from his Tier II account, without withdrawing from Tier I 31 account? A subscriber having a valid and active Tier-II account of the Permanent Retirement Account can withdraw the accumulated wealth either in full or part, at any time. The subscriber should submit a duly filled Form UOS 12 to his POP-SP for doing so. There is no limit on such withdrawals as long as the account has sufficient amount of accumulated pension wealth to take care of the applicable charges and the withdrawal amount. The form can be downloaded from the CRA website 32 Can a subscriber check the status of his/her withdrawal request? The subscriber will receive SMS/ alerts: - at the time of generation of claim ID - at the time of acceptance of request - on closure, intimation of funds transferred to the subscriber's bank account/asp. The subscriber and the Nodal Office (DDO/POP/POP-SP) can check the withdrawal status at any time, from the CRA Website 33 What are the documents that can be submitted as proof of address/identity?

7 The list of documents that can be submitted as proof of address and proof of identity, is provided in the application form for withdrawal. 34 What are some of the reasons why a withdrawal request could be rejected? Some reasons why a withdrawal request could be rejected are: 1. Original PRAN card OR Affidavit in case of non-submission of PRAN card not submitted along with the Withdrawal form. 2. KYC documents (Photo-ID Proof and Address Proof) not attested by POP/POP-SP. 3. Name provided in the Withdrawal form is different from the name provided in the KYC documents (Photo ID and address proof). 4. Address mentioned in the Withdrawal form is different from the Address Proof provided. 5. Date of Retirement mentioned on the Withdrawal form does not match with date mentioned on the POP/POP-SP covering letter. Hence, POP/POP-SP confirmation is required for correct Date of Retirement. 6. Withdrawal fund allocation percentage not provided in the Withdrawal form. 7. Nomination details/witness (to nomination) details not provided in the Nomination form. 8. Photograph is not self-attested by the subscriber/claimant. 9. In case of death, Withdrawal request is not submitted by the registered nominee as per the CRA system. 35 Who will store the physical records for withdrawal requests? The Nodal Office (DDO/POP/POP-SP) will create online withdrawal request and send the physical withdrawal docket to the CRA, for storage purposes only. 36 What is the role of CRA in processing withdrawal requests?

8 The CRA will: 1. Receive the withdrawal request (online) 2. Process the W/D request as per PFRDA regulations 3. Send instructions to the PFMs for transfer of funds to the Trustee Bank (TB); 4. Send instructions to the TB for transfer of the lump-sum withdrawal amount to the subscriber's bank account and 5. Send instructions to the TB to transfer the amount to be annuitized, to the ASP. 6. Update the status of the withdrawal request in the CRA system, which can be checked by the subscriber/nodal Office from the CRA website 7. Send /sms alerts on generation of claim ID, acceptance of request, rejection, successful processing etc. 3,4 and 5 will be a part of the daily settlement process run by the CRA. 37 How much time does it normally take, for a withdrawal request to be processed? The lumpsum amount will be transferred to the Subscriber's bank account on the 4th working day after the Nodal Office authorizes the withdrawal request in the CRA system. The amount to be annuitized will also be transferred to the ASP at that time.

FAQs- NPS Withdrawals

FAQs- NPS Withdrawals Nodal Offices Sl. No. 1 FAQs & Answers FAQs- NPS Withdrawals When can a subscriber withdraw from NPS? Is it possible to exit from NPS before attaining the age of 60 or superannuation? Withdrawal from NPS

More information

FREQUENTLY ASKED QUESTIONS (FAQ)

FREQUENTLY ASKED QUESTIONS (FAQ) FREQUENTLY ASKED QUESTIONS (FAQ) Under National Pension System (NPS) 1) What is National Pension System? NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account.

More information

GOVERNMENT OF ANDHRA PRADESH ABSTRACT PUBLIC SERVICES

GOVERNMENT OF ANDHRA PRADESH ABSTRACT PUBLIC SERVICES GOVERNMENT OF ANDHRA PRADESH ABSTRACT PUBLIC SERVICES New Pension System Exit Policy Withdrawal procedures for Subscribers from New Pension System Orders Issued. FINANCE (PENSION-I) DEPARTMENT G.O.Ms.No.

More information

Contributions + Investment Growth Charges = Accumulated Pension Wealth (Individual contribution as well as Employers contribution)

Contributions + Investment Growth Charges = Accumulated Pension Wealth (Individual contribution as well as Employers contribution) What is National Pension System? NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account

More information

PFRDA/ 2013/2/ PDEX / 2 January 22, 2013 To, All POP s, Aggregators, CRA, Central and State Governments, Dear Sir/ Madam, Sub: Master Circular on Product design and Exit from National Pension System (NPS)

More information

Karvy Computershare Pvt. Ltd.

Karvy Computershare Pvt. Ltd. Karvy Computershare Pvt. Ltd. Central Record-keeping Agency PFRDA Standard Operating Procedure (SOP) for Account Maintenance Version 1.1 Page 1 of 10 Contents 1. Overview... 3 2. Freezing of Accounts...

More information

Section A Subscriber s Personal Details:

Section A Subscriber s Personal Details: Form 302 Page 1 New Pension System (NPS) Withdrawal Form for Claim of Accumulated Pension Wealth by Subscriber before attaining 60 years of age (Please fill all the details in CAPITAL LETTERS & in BLACK

More information

Section A Subscriber s Personal Details:

Section A Subscriber s Personal Details: Form 301 Page 1 New Pension System (NPS) Withdrawal Form for Claim of Accumulated Pension Wealth by Subscriber on attaining 60 years of age (Please fill all the details in CAPITAL LETTERS & in BLACK INK

More information

Section A Subscriber s Personal Details:

Section A Subscriber s Personal Details: Form 301 Page 1 National Pension System (NPS) Withdrawal Form for Claim of Accumulated Pension Wealth by Subscriber on attaining 60 years of age (Please fill all the details in CAPITAL LETTERS & in BLACK

More information

NATIONAL PENSION SYSTEM (NPS)

NATIONAL PENSION SYSTEM (NPS) NATIONAL PENSION SYSTEM (NPS) Exit from National Pension System Due to Premature Exit Claim ID To, NPS Trust. Sir/Madam, Acknowledgement No Affix recent colour photograph of 3.5 cm 2.5 cm size / Passport

More information

Contributions + Investment Growth Charges = Accumulated Pension Wealth (Individual contribution as well as Employers contribution)

Contributions + Investment Growth Charges = Accumulated Pension Wealth (Individual contribution as well as Employers contribution) What is National Pension System? NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account

More information

NATIONAL PENSION SYSTEM (NPS) Exit from National Pension System Due to Death

NATIONAL PENSION SYSTEM (NPS) Exit from National Pension System Due to Death NATIONAL PENSION SYSTEM (NPS) Exit from National Pension System Due to Death Claim ID To, NPS Trust. Sir/Madam, Acknowledgement No Affix recent colour photograph of 3.5 cm 2.5 cm size / Passport size I

More information

Section A Subscriber s Personal Details:

Section A Subscriber s Personal Details: Annexure A1 Form 101-GS Page 1 National Pension System (NPS) Withdrawal Form for Claim of Accumulated Pension Wealth on Superannuation for Government Employees (To be filled in by Subscriber - Please fill

More information

National Pension System (NPS) - FAQs

National Pension System (NPS) - FAQs 1) About NPS 1. What is National Pension System (NPS)? National Pension System is defined contribution based pension scheme is Government of India initiative to provide old age security and pension requirement

More information

Contributions + Investment Growth Charges = Accumulated Pension Wealth (Individual contribution as well as Employers contribution)

Contributions + Investment Growth Charges = Accumulated Pension Wealth (Individual contribution as well as Employers contribution) What is National Pension System? NPS is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under NPS, the individual contributes to his retirement account

More information

Form 501 Page 1 (FOR OFFICE PURPOSE ONLY NOT TO BE FILLED BY THE SUBSCRIBER) Entered By: Date: Verified By: Date:

Form 501 Page 1 (FOR OFFICE PURPOSE ONLY NOT TO BE FILLED BY THE SUBSCRIBER) Entered By: Date: Verified By: Date: Form 501 Page 1 SWAVALAMBAN National Pension System (NPS) Withdrawal Form for Claim of Accumulated Pension Wealth by Subscriber on attaining 60 years of age (To be filled by Subscriber - Please fill all

More information

Form 103-GD Page 1 National Pension System (NPS)

Form 103-GD Page 1 National Pension System (NPS) Form 103-GD Page 1 National Pension System (NPS) Withdrawal of Accumulated Pension Wealth by Claimant due to the death of the subscriber (Please fill all the details in CAPITAL LETTERS & in BLACK INK only.)

More information

NPS. National Pension System. (A Government of India Scheme) Toll Free Way2Wealth is approved Point of Presence under PFRDA

NPS. National Pension System. (A Government of India Scheme) Toll Free Way2Wealth is approved Point of Presence under PFRDA Toll Free - 1800-425-3690 NPS National Pension System (A Government of India Scheme) Way2Wealth is approved Point of Presence under PFRDA Conceived & designed by Govt. of India Regulated by Pension Fund

More information

NPS Product Features:

NPS Product Features: NPS Product Features: No. Particulars Information 1 Eligibility Criteria for Subscriber Subscriber should be between 18 to 60 years of age. 2 Eligible Customers Citizens of India. Note: NRI can open NPS

More information

Demystifying NPS For You

Demystifying NPS For You Demystifying NPS For You FAQs What is NPS? The acronym NPS stands for National Pension System this is a pension system operated by the Government of India. What was the rationale behind the implementation

More information

SWAVALAMBAN National Pension System (NPS)

SWAVALAMBAN National Pension System (NPS) Form 503 Page 1 SWAVALAMBAN National Pension System (NPS) Withdrawal of Accumulated Pension Wealth by Claimant due to the death of the subscriber (Please fill all the details in CAPITAL LETTERS & in BLACK

More information

Withdrawal Form for Claim of Accumulated Pension Wealth by Claimant(s) due to death of the subscriber

Withdrawal Form for Claim of Accumulated Pension Wealth by Claimant(s) due to death of the subscriber Form 303 Page 1 New Pension System (NPS) Withdrawal Form for Claim of Accumulated Pension Wealth by Claimant(s) due to death of the subscriber (Please fill all the details in CAPITAL LETTERS & in BLACK

More information

National Pension System (NPS) : Govt. Sector

National Pension System (NPS) : Govt. Sector National Pension System (NPS) : Govt. Sector Sr. No. Question Answer 1 What is the role of PFRDA? As per PFRDA Act 2013, PFRDA is a Regulatory Authority to promote old age income security by establishing,

More information

Who are Central Record Keeping Agency?

Who are Central Record Keeping Agency? FAQs on NPS (Individual/UOS model) FAQ s About NPS Subscriber Registration Subscriber Contribution Subscriber Service Request Subscriber Withdrawal Request Subscriber Grievance About NPS What is National

More information

Pension Fund Regulatory and Development Authority. B-14/A, Chatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai, New Delhi

Pension Fund Regulatory and Development Authority. B-14/A, Chatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai, New Delhi Pension Fund Regulatory and Development Authority B-14/A, Chatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai, New Delhi-110016 1 NPS Eligibility & Benefits of NPS Stakeholders under NPS

More information

2. What is the architecture of NPS? Who are the different entities involved?

2. What is the architecture of NPS? Who are the different entities involved? 1. What is National Pension System? The National Pension System (NPS) is a new voluntary contributory pension scheme introduced by the Central Government through Pension Fund Regulatory and Development

More information

Retired life ka sahara, NPS hamara. national pension system

Retired life ka sahara, NPS hamara. national pension system Retired life ka sahara, NPS hamara national pension system HOW DOES NPS WORK? OPEN AN ACCOUNT For Individual Subscriber: In many ways, opening an NPS account is similar to opening of any investment account,

More information

Frequently Asked Questions New Pension scheme (NPS)

Frequently Asked Questions New Pension scheme (NPS) Frequently Asked Questions New Pension scheme (NPS) 1. Is it compulsory to open Tier II account? No, Tier II account is optional to the subscriber 2. How will I get the information about my PRAN (Permanent

More information

AGENDA. 1 Background. Need for Pension Reform. 3 NPS Introduction. 4 Features of NPS. 5 Current status of NPS

AGENDA. 1 Background. Need for Pension Reform. 3 NPS Introduction. 4 Features of NPS. 5 Current status of NPS Pension Fund Regulatory and Development Authority New Delhi AGENDA 1 Background 2 Need for Pension Reform 3 NPS Introduction 4 Features of NPS 5 Current status of NPS 2 DEMOGRAPHICS Nearly 100 million

More information

Frequently Asked Questions (FAQ)

Frequently Asked Questions (FAQ) Frequently Asked Questions (FAQ) 1. What is retirement planning and how to ensure an independent life even when one retires from active work life? Retirement planning involves disciplined saving, vigilant

More information

Atal Pension Yojana (APY) 1 Details of the Scheme. 1. Introduction

Atal Pension Yojana (APY) 1 Details of the Scheme. 1. Introduction Atal Pension Yojana (APY) 1 Details of the Scheme 1. Introduction 1.1 The Government of India is extremely concerned about the old age income security of the working poor and is focused on encouraging

More information

ATAL PENSION YOJANA (APY)

ATAL PENSION YOJANA (APY) ATAL PENSION YOJANA (APY) 1. Introduction 1.1 The Government of India is extremely concerned about the old age income security of the working poor and is focused on encouraging and enabling them to join

More information

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY PROPOSED DRAFT EXIT REGULATIONS Issued on: 4 th September, 2014 Last date for accepting Comments: 3 rd October, 2014 PFRDA has prepared the draft Exit

More information

Operational Guidelines for interfacing with NPS Lite by Aggregators

Operational Guidelines for interfacing with NPS Lite by Aggregators Operational Guidelines for interfacing with NPS Lite by Aggregators Acronyms and abbreviations: The following definitions, acronyms & abbreviations have been used in this manual: Acronym CRA CRA-FC I-PIN

More information

NPS Guide For PAO/DTO

NPS Guide For PAO/DTO NPS Guide For PAO/DTO (Nodal Office) Contents Chapter No. Particulars Page No. 1. Subscriber Registration 4 2. Contribution Processing 7 3. Maintenance of Subscriber Details 10 4. Inter Sector Shifting

More information

EMPANELMENT OF ANNUITY SERVICE PROVIDERS (ASPs) For NATIONAL PENSION SYSTEM (NPS)

EMPANELMENT OF ANNUITY SERVICE PROVIDERS (ASPs) For NATIONAL PENSION SYSTEM (NPS) EMPANELMENT OF ANNUITY SERVICE PROVIDERS (ASPs) For NATIONAL PENSION SYSTEM (NPS) PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY First Floor, ICADR Building, Phase II, Plot No 6, Vasant Kunj Institutional

More information

Sr. o. Department Contact details IDs 1 Central Government

Sr. o. Department Contact details  IDs 1 Central Government Sr. o. Department Contact details Email IDs 1 Central Government 022-4090-4849 cghelpdesk@nsdl.co.in Interface 022-4090-4809 2 Central Autonomus Body (CAB) Interface 022-4090-4533 022-4090-4305 3 State

More information

COMBINED APPLICATION FORM FOR GENERAL PROVIDENT FUND FINAL CLOSURE AND PENSION

COMBINED APPLICATION FORM FOR GENERAL PROVIDENT FUND FINAL CLOSURE AND PENSION COMBINED APPLICATION FORM FOR GENERAL PROVIDENT FUND FINAL CLOSURE AND PENSION PART-I FOR RETIREMENT / REVISION CASES ONLY (To be sent in Duplicate) 1. Name of the Government Employee (IN CAPITAL LETTERS).

More information

National Pension System for Corporate

National Pension System for Corporate National Pension System for Corporate NPS Pension Fund Regulatory and Development Authority 1st Floor, ICADR Building, Plot No.6, Vasant Kunj Institutional Area, Phase II, New Delhi Tel: (011) 26897948

More information

TAX EXEMPTION TO NATIONAL PENSION SYSTEM

TAX EXEMPTION TO NATIONAL PENSION SYSTEM GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE RAJYA SABHA STARRED QUESTION No. *285 TO BE ANSWERED ON TUESDAY, THE 28 th MARCH, 2017 7, CHAITRA, 1939 (SAKA) TAX EXEMPTION TO NATIONAL PENSION

More information

PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA

PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA PRADHAN MANTRI JEEVAN JYOTI BIMA YOJANA INSURANCE COMPANY LOGO LOGO OF SCHEME BANK S NAME BANK LOGO CONSENT-CUM-DECLARATION FORM (To be filled in by members joining the scheme during the permitted Enrollment

More information

1. Subscriber s Full Name - Full expanded name: Initials are not permitted. (Please refer to Sr. No. j of the instructions)

1. Subscriber s Full Name - Full expanded name: Initials are not permitted. (Please refer to Sr. No. j of the instructions) Annexure UOS-S11 Page - 1 Request for Activation of Tier-II account under New Pension System (NPS) To be used by Subscribers having a pre-existing Tier I account under NPS but who have not been issued

More information

Annexure UOS-S1 Page 1

Annexure UOS-S1 Page 1 Annexure UOS-S1 Page 1 COMPOSITE APPLICATION FORM FOR SUBSCRIBER REGISTRATION ( * Indicates Mandatory Field) (To avoid mistake(s), please follow the accompanying instructions before filling up the form)

More information

Entered By : Date: Verified By: Date:

Entered By : Date: Verified By: Date: Annexure UOS-S11 Page - 1 Request for Activation of Tier-II account under National Pension System (NPS) To be used by Subscribers having a pre-existing Tier I account under NPS but have not been issued

More information

COMPOSITE APPLICATION FORM FOR SUBSCRIBER REGISTRATION

COMPOSITE APPLICATION FORM FOR SUBSCRIBER REGISTRATION Annexure UOS-S1 Page 1 COMPOSITE APPLICATION FORM FOR SUBSCRIBER REGISTRATION ( * Indicates Mandatory Field) (To avoid mistake(s), please follow the accompanying instructions before filling up the form)

More information

Date: 15 th September, 2017

Date: 15 th September, 2017 1 Date: 15 th September, 2017 Guidelines for Operational Activities - to be followed by Points of Presence- Corporate In exercise to the powers conferred under chapter III of Pension Fund Regulatory and

More information

Employees Provident Funds & Miscellaneous Provisions Act, 1952

Employees Provident Funds & Miscellaneous Provisions Act, 1952 F.A.Q. Employees Provident Funds & Miscellaneous Provisions Act, 1952 1. Applicability of the Act a). Every Establishment which is a Factory engaged in any industry specified in Schedule and in which 20

More information

Format for applying final withdrawal and advances from GPF

Format for applying final withdrawal and advances from GPF Format for applying final withdrawal and advances from GPF ANNEXURE C FORM NO. PF-3 (See rules 15 to 17) APPLICATION FOR REFUNDABLE ADVANCE FROM GENERAL HUDA PROVIDENT FUND Office Sub Division 1. Name

More information

Comprehensive Deposit Policy. IDFC Bank Limited

Comprehensive Deposit Policy. IDFC Bank Limited Comprehensive Deposit Policy IDFC Bank Limited Preamble One of the important functions of the Bank is to accept deposits from the public for the purpose of lending. In fact, depositors are the major stakeholders

More information

(i) Temporary post (ii) Permanent post

(i) Temporary post (ii) Permanent post Form PF No. 1 (See rule 9) Application for allotment of General Provident Fund account number (to be submitted in triplicate) 1 Name of applicant 2 Father/ Husband name 3 Date of birth 4 Date of joining

More information

Section A Subscriber s Personal Details 1. Full Name (Full expanded name: Initials are not permitted) Please Tick as applicable Shri Smt.

Section A Subscriber s Personal Details 1. Full Name (Full expanded name: Initials are not permitted) Please Tick as applicable Shri Smt. Annexure CS-S1 Page 1 APPLICATION FORM FOR SUBSCRIBER REGISTRATION ( * Indicates Mandatory Field) (To avoid mistake(s), please follow the accompanying instructions before filling up the form) Acknowledgement

More information

Bharat Petroleum Corporation Ltd. Head Office, Mumbai

Bharat Petroleum Corporation Ltd. Head Office, Mumbai Bharat Petroleum Corporation Ltd. Head Office, Mumbai Revised Policy guidelines for Reconstitution of RO Dealerships / LPG Distributorships / SKO-LDO dealerships 1 MOP&NG vide their letter No. P-19011/5/2005-IOC

More information

From The Editor, s Desk

From The Editor, s Desk February 2016 From The Editor, s Desk Dear Reader, Because of the social structure, social psyche and nature of the economy, the average Indian was never much concerned about making provision for old age

More information

Annexure UOS-S1 Page 1. To affix recent Coloured photograph (3.5 cm 2.5 cm) Receipt No. Permanent Retirement Account Number : Sir/Madam,

Annexure UOS-S1 Page 1. To affix recent Coloured photograph (3.5 cm 2.5 cm) Receipt No. Permanent Retirement Account Number : Sir/Madam, Annexure UOS-S1 Page 1 Subscriber Registration Form ( * Indicates Mandatory Field) (To avoid mistake(s), please follow the accompanying instructions before filling up the form) Receipt No. (To be filled

More information

NRE & NRO Savings account

NRE & NRO Savings account NRE & NRO Savings account Who are eligible to open NRE & NRO account? Individual NRI s and PIO s are eligible to open NRE and NRO account. NRI (Non-Resident Indian) - An Indian Citizen residing outside

More information

Frequently Asked Questions-Atal Pension Yojana

Frequently Asked Questions-Atal Pension Yojana Frequently Asked Questions-Atal Pension Yojana 1. What is Pension? Why do I need it? A Pension provides people with a monthly income when they are no longer earning. Need for Pension: Decreased income

More information

THE PUBLIC PROVIDENT FUND SCHEME, 1968

THE PUBLIC PROVIDENT FUND SCHEME, 1968 THE PUBLIC PROVIDENT FUND SCHEME, 1968 [Issued vide Government of India, MOF (DEA) Notification No. GSR 1136 dated 15.6.1968 and further amended from time to time] GSR 1136;- In exercise of the power conferred

More information

PART A (To be completed by the Nominee /Legal Heirs in case of Nomination not done)

PART A (To be completed by the Nominee /Legal Heirs in case of Nomination not done) LIFE INSURANCE CORPORATION OF INDIA CENTRAL OFFICE, MUMBAI LIC/PMJDY/CLM/CS Annexure B PART A LIFE COVER OF RS 30,000/- UNDER PRADHAN MANTRI JAN DHAN YOJANA CLAIM FORM PART A (To be completed by the Nominee

More information

Atal Pension Yojana (APY) Details of the Scheme

Atal Pension Yojana (APY) Details of the Scheme Atal Pension Yojana (APY) Details of the Scheme 1. Introduction 1.1 The Government of India is extremely concerned about the old age income security of the working poor and is focused on encouraging and

More information

National Pension System. for Corporate NPS

National Pension System. for Corporate NPS National Pension System for Corporate NPS Pension Fund Regulatory and Development Authority 1st Floor, ICADR Building, Plot No.6, Vasant Kunj Institutional Area, Phase II, New Delhi Tel: (011) 26897948

More information

1. ACCEPTANCE OF DEPOSITS:

1. ACCEPTANCE OF DEPOSITS: 3 6 1 6 1. ACCEPTANCE OF DEPOSITS: (i) Bajaj Finance Limited (hereinafter referred to as the 'Company') shall accept fixed deposit ( Deposit ) at its sole and absolute discretion and subject to the

More information

Annexure I CLAIM SETTLEMENT PROCEDURE

Annexure I CLAIM SETTLEMENT PROCEDURE Annexure I CLAIM SETTLEMENT PROCEDURE Claim amount of Rs.2,00,000/- is payable on death of a member to his / her nominee(s). The Risk cover will be provided to the person from his/her age of 18 years (Completed)

More information

Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. DECEASED / MISSING DEPOSITORS POLICY

Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. DECEASED / MISSING DEPOSITORS POLICY Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. U DECEASED / MISSING DEPOSITORS POLICY Contents Para No. Particulars Page No. 1 Introduction 2 2 Settlement of claims within threshold limit 2 3 Settlement

More information

Annexure CS-S1 Page 1

Annexure CS-S1 Page 1 Annexure CS-S1 Page 1 APPLICATION FORM FOR SUBSCRIBER REGISTRATION ( * Indicates Mandatory Field) (To avoid mistake(s), please follow the accompanying instructions before filling up the form) Acknowledgement.

More information

MAHATMA GANDHI PRAVASI SURAKSHA YOJANA

MAHATMA GANDHI PRAVASI SURAKSHA YOJANA A Subscriber Guide to MAHATMA GANDHI PRAVASI SURAKSHA YOJANA 1 Table of Contents 1. ABOUT MAHATMA GANDHI PRAVASI SURAKSHA YOJANA (MGPSY)... 3 2. SCHEME PARTNERS IN THE MGPSY... 4 3. SUBSCRIBERS GALLERY...

More information

NCT Check List for Religare Unit

NCT Check List for Religare Unit NCT Check List for Religare Unit (1) Change of Address: 1. Request letter signed as per the mode of holdings. 2. Proof of Identity: Only PAN card copy shall be considered if PAN is updated in the folio

More information

(To be filled by Participant)

(To be filled by Participant) ANNEXURE J Participant Name, & DP Id (Pre-printed) APPLICATION FOR OPENING AN ACCOUNT (For Individuals Only) Client Id Date : (To be filled by Participant) I/We request you to open a depository account

More information

Policy (P-01173) Deposits for Credit Suisse Branches in India

Policy (P-01173) Deposits for Credit Suisse Branches in India Policy () Deposits for Credit Suisse Branches in India /Version 1.1 Scope/Recipients Branches of Credit Suisse AG in India Original Issuance 28 March 2013 Last Revision TBU Issuing Unit APAC (PB India

More information

// THROUGH THE HEAD OF OFFICE // Name of the Relation ship with Share of the Nominee the subscriber. Nominee.

// THROUGH THE HEAD OF OFFICE // Name of the Relation ship with Share of the Nominee the subscriber. Nominee. FORM C FORM OF APPLICATION FOR FINAL PAYMENT OF BALANCES IN THE GENERAL PROVIDENT FUND ACCOUNT OF A SUBSCRIBER TO BE USED BY THE NOMINEES OF ANY OTHER CLAIMANTS WHERE NO NOMINATION SUBSISTS: To // THROUGH

More information

भ रत य ज वन ब म नगम LIFE INSURANCE CORPORATION OF INDIA

भ रत य ज वन ब म नगम LIFE INSURANCE CORPORATION OF INDIA भ रत य ज वन ब म नगम LIFE INSURANCE CORPORATION OF INDIA ध न म जन धन य जन क तहत जन-धन ख़ त ध रक क लय र.30,000/- क ज वन ब म स रक ष क द व नपट र ह त य PRADHAN MANTRI JAN DHAN YOJANA (PMJDY) PROCEDUREFOR CLAIM

More information

Settlement of Claims in respect of Deceased Depositors. Check-list of Documents

Settlement of Claims in respect of Deceased Depositors. Check-list of Documents Settlement of Claims in respect of Deceased Depositors Check-list of Documents Claims 1. Accounts with Nomination clause: Document obtained : Yes/No Nominee/ Guardian of nominee (Annexure-3) (ii) Copy

More information

NCT Check List for CRMF Unit

NCT Check List for CRMF Unit NCT Check List for CRMF Unit (1) Change of Address: 1. Request letter signed as per the mode of holdings. 2. Proof of Identity: Only PAN card copy shall be considered if PAN is updated in the folio or

More information

POLICY ON DEPOSITORS RIGHTS

POLICY ON DEPOSITORS RIGHTS POLICY ON DEPOSITORS RIGHTS PREAMBLE One of the important functions of the Bank is to accept deposits from the public for the purpose of lending. In fact, depositors are the major stakeholders of the Banking

More information

Why to plan for Retirement

Why to plan for Retirement 1 Why to plan for Retirement Out of the average Indian life span of 80 years minimum 20 years is spent without steady earnings McKinsey India Life Insurance 2012 Report 2 Why to plan for Retirement contd

More information

Public Issue of India Infoline Finance Ltd. NCD

Public Issue of India Infoline Finance Ltd. NCD P a g e 1 Q1. What is the nature and size of issue? Issue Related FAQs Ans: Public Issue of Non-convertible Debentures (NCDs) in the nature of Sub-ordinated debt of face value of Rs. 1,000/- per bond with

More information

Indian Oil Corporation Ltd Marketing Division, Head Office

Indian Oil Corporation Ltd Marketing Division, Head Office Indian Oil Corporation Ltd Marketing Division, Head Office RETAIL SALES LPG SALES Updated on 1 st October, 2011 Revised Policy guidelines for Reconstitution RO Dealerships/LPG Distributorships/SKO-LDO

More information

IIFL Sub broker Code -

IIFL Sub broker Code - Rate of interest per annum valid up to Rs. 5 crore (w.e.f. 5th June 2018) 7.60% 8.15% 8.40% 7.35% 7.88% 8.13% 7.39% 7.93% 8.18% 7.46% 8.00% 8.25% 7.60% 8.15% 8.40% 7.85% 7.60% 7.64% 7.71% 7.85% For senior

More information

PRADHAN MANTRI JAN DHAN YOJANA. FAQs:

PRADHAN MANTRI JAN DHAN YOJANA. FAQs: PRADHAN MANTRI JAN DHAN YOJANA FAQs: RELATING TO SCHEME & ELIGIBILITY. 1. What is Pradhan Mantri Jan Dhan Yojana? It is a Central Government scheme providing life cover of Rs.30, 000/- to the persons who

More information

FORMAT FOR REGISTRATION OF EMPLOYEES IN PENSION SCHEME (All entries in capital letters only) Name of the Employee

FORMAT FOR REGISTRATION OF EMPLOYEES IN PENSION SCHEME (All entries in capital letters only) Name of the Employee PENSION TRUST- FORM N o. 1 NSC EMPLOYEES DEFINED CONTRIBUTION SUPERANNUATION PENSION TRUST Beej Bhawan, Pusa Complex, New Delhi-1112. FORMAT FOR REGISTRATION OF EMPLOYEES IN PENSION SCHEME (All entries

More information

POLICY ON BANK DEPOSITS

POLICY ON BANK DEPOSITS POLICY ON BANK DEPOSITS OPERATIONS AND TECHNOLOGY SERVICE DEPARTMENT CENTRAL OFFICE, KARUR 639 002 1 POLICY ON BANK DEPOSITS POLICY TITLE POLICY ON BANK DEPOSITS FRAMED BY BOARD APPROVAL DATE POLICY REVISION

More information

(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH)

(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA PRADESH) GOVERNMENT OF ANDHRA PRADESH ABSTRACT GPF-Revision of Form of Application for the Final Payment of General Provident Fund (GPF) Balance - Orders -issued. --------------------------------------------------------------------------------------------------------------------------

More information

NEW TO BANK FIXED DEPOSIT FORM For Resident Indians

NEW TO BANK FIXED DEPOSIT FORM For Resident Indians NEW TO BANK FIXED DEPOSIT FORM For Resident Indians IDFC BANK Application Please complete this form in Black Ink and in CAPITAL LETTERS or where applicable Initial Payment in cash is accepted only at IDFC

More information

I, covered under the National Pension System with Permanent Retirement Account Number (PRAN) has received a sum of Rs. /-

I, covered under the National Pension System with Permanent Retirement Account Number (PRAN) has received a sum of Rs. /- CLAIM FOR THE WITHDRAWAL OF ACCUMULATED PENSION WEALTH OF THE SUBSCRIBER UNDER NATIONAL PENSION SYSTEM Advanced Stamped Receipt I, covered under the National Pension System with Permanent Retirement Account

More information

DEMATERIALISATION / REMATERIALISATION OF SHARES

DEMATERIALISATION / REMATERIALISATION OF SHARES FAQs DEMATERIALISATION / REMATERIALISATION OF SHARES DIVIDEND NOMINATION FACILITY TRANSFER /TRANSMISSION/TRANSPOSITION ETC. OF SHARES. LOSS OF SHARE CERTIFICATES MISCELLANEOUS DEMATERIALISATION / REMATERIALISATION

More information

II. DEMAT ACCOUNT OPENING

II. DEMAT ACCOUNT OPENING II. DEMAT ACCOUNT OPENING 1. What are the benefits of opening a demat account for investors? A demat account has become a necessity for all categories of investors for the following: a. SEBI has made it

More information

I/We hereby request The Ratnakar Bank Ltd. (RBL Bank) to open my/our account at your Branch. New

I/We hereby request The Ratnakar Bank Ltd. (RBL Bank) to open my/our account at your Branch. New 4 CUSTOMER INFORMATION FORM (For Non - Individual entities) Tick boxes as applicable. *Mandatory Fields. (Please fill the form in BLOCK LETTERS only. THIS IS A MACHINE READABLE FORM AND WILL PASS THROUGH

More information

3.Where and how does one get to be KYC Compliant? Does the investor have to repeat the KYC process with every Mutual Fund?

3.Where and how does one get to be KYC Compliant? Does the investor have to repeat the KYC process with every Mutual Fund? 1.What is KYC? 2.What are the KYC requirements for a Mutual Fund Investor? 3.Where and how does one get to be KYC Compliant? Does the investor have to repeat the KYC process with every Mutual Fund? 4.What

More information

CLAIMANT S STATEMENT INSTRUCTIONS

CLAIMANT S STATEMENT INSTRUCTIONS CLAIMANT S STATEMENT INSTRUCTIONS PLEASE READ CAREFULLY This form must be completed and filed in order to claim death benefits due as a result of a TRS member s death, or the death of a beneficiary participant

More information

APPLICATION FOR OPENING AN ACCOUNT

APPLICATION FOR OPENING AN ACCOUNT Date: Client-Id (To be filled by Participant): I / We request you to open a depository account in my / our name as per the following details: (please fill all the details in CAPITAL LETTERS only) Type

More information

Frequently Asked Questions (FAQs) on registration of Retirement Adviser (Individual) under NPS

Frequently Asked Questions (FAQs) on registration of Retirement Adviser (Individual) under NPS Frequently Asked Questions (FAQs) on registration of Retirement Adviser (Individual) under NPS Disclaimer: These FAQs are prepared with a view to guide market participants on PFRDA (Retirement Adviser)

More information

Employee s Provident Funds and Miscellaneous Provisions Act, 1952

Employee s Provident Funds and Miscellaneous Provisions Act, 1952 Employee s Provident Funds and Miscellaneous Provisions Act, 1952 About EPFO The Employees' Provident Fund Organization (abbreviated to EPFO), is an Organization tasked to assist the Central Board of Trustees,

More information

ACCOUNT OPENING FORM FOR NON-INDIVIDUAL ENTITY

ACCOUNT OPENING FORM FOR NON-INDIVIDUAL ENTITY ACCOUNT OPENING FORM FOR NON-INDIVIDUAL ENTITY For Bank Use Only BANK OF BARODA (GUYANA) INC. Name & Code of the Branch GEORGETOWN/ MON REPOS Customer Id A/c No. I/ We request you to open my/ our deposit

More information

Sumitomo Mitsui Banking Corporation. Deceased depositor and Missing persons Policy

Sumitomo Mitsui Banking Corporation. Deceased depositor and Missing persons Policy Sumitomo Mitsui Banking Corporation Deceased depositor and Missing persons Policy Version: 2.0 Policy Owner: Operations Department SMBC NDL] Table of Contents Table of Contents 1. Introduction 1 2. Guidance

More information

GRAMIN BANK OF ARYAVART HEAD OFFICE A-2/46, VIJAY KHAND, GOMTI NAGAR, LUCKNOW MODEL POLICY ON BANK DEPOSITS

GRAMIN BANK OF ARYAVART HEAD OFFICE A-2/46, VIJAY KHAND, GOMTI NAGAR, LUCKNOW MODEL POLICY ON BANK DEPOSITS 32 nd Board Meeting GRAMIN BANK OF ARYAVART HEAD OFFICE A-2/46, VIJAY KHAND, GOMTI NAGAR, LUCKNOW FOR APPROVAL Annexure No. MODEL POLICY ON BANK DEPOSITS PREAMBLE One of the important functions of the

More information

LIFE INSURANCE CORPORATION OF INDIA CENTRAL OFFICE

LIFE INSURANCE CORPORATION OF INDIA CENTRAL OFFICE LIFE INSURANCE CORPORATION OF INDIA CENTRAL OFFICE Dept: Actuarial Yogakshema Jeevan Bima Marg Mumbai 400 021 Ref : Actl /PD / 2167 /4 26 th June, 2009 To, All HODs of Central Office All Zonal Offices

More information

NATIONAL SEEDS CORPORATION OF INDIA LIMITED, NEW DELHI (A Government of India Undertaking) NSC Employees Benevolent Social Security Scheme

NATIONAL SEEDS CORPORATION OF INDIA LIMITED, NEW DELHI (A Government of India Undertaking) NSC Employees Benevolent Social Security Scheme NATIONAL SEEDS CORPORATION OF INDIA LIMITED, NEW DELHI (A Government of India Undertaking) NSC Employees Benevolent Social Security Scheme A. Short Title: The Scheme may be called the NSC Employees Benevolent

More information

GODHULI RETAIL TERM DEPOSITS

GODHULI RETAIL TERM DEPOSITS GODHULI RETAIL TERM DEPOSITS Simple Reinvestment Period Others (please specify) Fixed Interest Rate : Annual Quarterly Monthly Discounted At Maturity (Cumulative) Overdraft Against FD Account (minimum

More information

Name of Examination Year and month in which. Examination was held. Serial No. in Merit list. 1. The holder of this card, Shri/Smti/Kumari

Name of Examination Year and month in which. Examination was held. Serial No. in Merit list. 1. The holder of this card, Shri/Smti/Kumari D:\Higher~1\HighL.pm5 page No. 27 No.... ANNEXURE - II LAST DATE OF SUBMISSION OF FORMS 10-8-2012 ENTITLEMENT CARD GOVERNMENT OF INDIA MINISTRY OF HUMAN RESOURCE DEVELOPMENT DEPARTMENT OF HIGHER EDUCATION

More information

PROCESS FOR TRANSFER OF SHARES. Following documents are required to be submitted to us for transfer of shares:

PROCESS FOR TRANSFER OF SHARES. Following documents are required to be submitted to us for transfer of shares: PROCESS FOR TRANSFER OF SHARES Following documents are required to be submitted to us for transfer of shares: 1. Share Transfer Form SH-4 as per below format (with stamp affixed i.e. 0.25% of present market

More information

Overview of retirement adequacy and impact of NPS

Overview of retirement adequacy and impact of NPS Overview of retirement adequacy and impact of NPS Anuradha Sriram 21 August 2015 Retirement adequacy - What is the issue? 2 We are a country of high savers Average annual savings as a percentage of income

More information