PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
Cir no: PFRDA/ 2013/2/ PDEX / 2
SL-4
Subject: Processing
of withdrawal requests of Non IRA Compliant subscribers
PFRDA has issued necessary instructions to CRA with respect
to the withdrawal guidelines for Non IRA Compliant subscribers in case of
government servants who have died or resigned. The said information is being re-iterated
hereunder for the information of all stakeholders for a better appreciation of the matter.
to the withdrawal guidelines for Non IRA Compliant subscribers in case of
government servants who have died or resigned. The said information is being re-iterated
hereunder for the information of all stakeholders for a better appreciation of the matter.
The following are the details of the process to be followed:
|
|
Exit from NPS arising out of
death
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Exit from NPS before the age of normal
superannuation & arising out of resignation
|
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Non-IRA
Compliant
Subscribers
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Subscriber has to:
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2. In case of death
where PPAN was assigned but corresponding PRAN was not generated and the respective contribution is held with the
concerned employer/department, then, the respective
employer/department may take appropriate decision at their end.
where PPAN was assigned but corresponding PRAN was not generated and the respective contribution is held with the
concerned employer/department, then, the respective
employer/department may take appropriate decision at their end.
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