Awareness campaign for NPS Subscriber by Kendriya Vidyalaya Sangathan

Awareness campaign for NPS Subscriber by Kendriya Vidyalaya Sangathan

Kendriya Vidyalaya Sangathan (HQ)

18, Institutional Area, SJS Marg

New Delhl – 110016

Date: – 7th October, 2014

Under the provisions of New Pension System, role of Organization (KVS) is mainly limited to the extent of uploading of NPS data on NSDL website, transfer of funds to the trustee banker and verification of employees credentials through PAO etc. Investment of funds, allowing withdrawal, payment of partial funds at the time of retirement to NPS Subscriber and purchase of annuity etc. is being looked after by National Securities Depository Limited (NSDL)/Central Record keeping Agency (ERA) in terms of procedure laid down by Pension Fund Regulatory Development Authority (PFRDA).

2. In the above mentioned scenario, NPS subscribers have also to remain vigilant and to ensure that his contribution (Own share+ Management share) has been correctly uploaded and reflected by the system. N.P.S. Subscribers are hereby advised to update their personal information (if not already updated) including mobile no., E mail ID, address and nomination details etc. by filling up Form S-2. ‘The Registered NPS subscriber receive message on their mobile as regards to uploading of monthly NPS subscription and they can also access complete details of NPS subscription right from inception, funds invested by different investment bankers from time to time and Net Asset value of their corpus. The NSDL Mechanism provides for rectification of mistake at the level of PAO/DDO. The discrepancy, if any, observed by NPS Subscribers may please be brought to the notice of respective PAO/DDO at the earliest.

3. Recently new teachers/staff have also joined the service, they may be advised to fill up Form no. S-1, so that PRAN no may be issued by NSDL without any delay.

4. Further, N.P.S. Subscribers are requested to visit site of PFRDA and CRA from time to time to update themselves as regards to investment of their Pension funds.

Yours faithfully

sd/-

(Rajesh Yadav)

Deputy Commissioner (Fin.)