NPS/APY Functionalities released by CRAs during Quarter III (FY 2022-23) : PFRDA Circular dated 21.02.2023
पेंशन निधि विनियामक एवं विकास प्राधिकरण
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
CIRCULAR
Circular no: PFRDA/2023/08/SUP-CRA/04
21st Feb 2023
To
All stakeholders under NPS
Subject: NPS/APY Functionalities released by CRAs during Quarter III (FY 2022-23)
The Central Record Keeping Agencies (CRAs) appointed by PFRDA develop system level functionalities as per the evolving needs of NPS/APY stakeholders.
2. CRAs have the responsibility to develop new functionalities or utilities, establish new processes, offer multiple models of interface for the uploading offices in order to provide maximum flexibility in terms of operation for the benefit of the subscribers as an ongoing exercise to fulfil their obligations which ultimately benefit the Subscribers.
3. The list of functionalities that have been developed and made available by CRAs during Quarter III of the current FY 2022-23 is attached herewith for benefit of subscribers and other stakeholders (Annexure I, II and III).
4. The circular is placed in the intermediary section of CRA on PFRDA website for the information of all NPS/APY stake holders.
Yours sincerely,
Digitally signed by K
MOHAN GANDHI
Chief General Manager
Previous:
- NPS/APY Functionalities released by CRAs during Quarter I (FY 2022-23) – PFRDA Circular dated 12-10-2022
- NPS/APY Functionalities released by CRAs during Quarter II (FY 2022-23) – PFRDA Circular dated 21.12.2022
Annexure I – Functionalities released by Protean CRA during Q3 of FY 2022-23
S.No. | Name of Development/ Functionalities | Description |
1 | NPS Prosperity Planner (NPP) – Self Planning cum Advisory tool for adequacy in Retirement Income | Introduction of NPS Prosperity Planner (NPP) (on the basis of Cohort data). Under NPP following three options are available to Subscribers:
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2 | Withdrawal due to Death | In case of Govt. Sector, if Death of the Subscriber is after Date of Retirement, then maximum 60% of the corpus paid as lump sum and minimum 40% to buy annuity. |
3 | Optional PAN during Withdrawal | PAN field shall be optional for Govt of Sikkim and J & K mapped Subscribers while initiating withdrawal request due to death. |
4 | Reduction in Withdrawal timelines | Reduction in Withdrawal timelines for processing of Partial/Conditional Withdrawal requests in Same Day Pay-in. |
5 | Submission of Partial Withdrawal through self declaration through nodal officers in Govt Sector |
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6 | NPS Regular – Settlement (separate bucket to identify employer and employee contributions) | Creation of a separate bucket to identify employer and employee contributions implemented at the time of contribution upload. |
7 | NPS Lite / APY – Dashboard | System access to PFRDA/SLBCs for State/District level Dashboard reports:
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8 | Withdrawal due to Incapacitation | Subscriber to have an additional option for Withdrawal under the category i.e. “Withdrawal due to Incapacitation”. |
9 | NPS Regular – Family Income Option |
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10 | Changes due to CCS rules |
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Annexure II – Functionalities released by KFin CRA during Q3 of FY 2022-23
S.No. | Name of Development/ Functionalities | Description |
1 | Exit & Withdrawal document upload |
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2 | Option to input either % or amount while initiating Partial withdrawal request. |
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3 | Inter Sector shifting (ISS) of Government subscribers |
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4 | Partial Withdrawal for NPS Govt subscribers |
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Annexure III – Functionalities released by CAAMS CRA during Q3 of FY 2022-23
S.No | Name of Development/ Functionalities | Description |
1 | Subscriber servicing functionalities -Non-Commercial Transactions | Enhancement in the following subscriber servicing functionalities:
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2 | Subscriber servicing functionalities -Commercial Transactions |
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3 | Digital authorization of subscriber registration form | Digital authorization of subscriber registration form done via double OTP. |
4 | Longer validity of Subscriber’s login password | Increased the validity of the subscriber login password from 30 days to 90 days. |
5 | NPS Prosperity Planner (NPP) – Self Planning cum Advisory tool for adequacy in Retirement Income | NPS Prosperity Planner available through the subscriber’s login. |
6 | Account Aggregator – Data Push as FIP | CAMS CRA will perform the role of Financial Information Provider (FIP) under Account Aggregator (AA) Framework. |
7 | Withdrawal Status View (My Withdrawal Module MWM) | Subscriber can view the status of credit of proceeds of their withdrawal request, without having to log into his NPS account. |
Source : https://www.npscra.nsdl.co.in/download/Circular-NPS_Functionalities_by_CRA_during_Q3_of_FY_2022-23.pdf
COMMENTS
I have ooened NPS account in 2016 with an initial contributiion of Rs 50k.
At that time there was no requirement of upload of signature and photo. Now i am not allowed to contribute new instalment. When i am attenpring to contribute, one message is displayed that my NPS account was freezed due to non upload of signature and photogragh. I am not being allowwd to do it and branch peopke are also not. Pl post mail id for sending mail to CRA for doing the needful. My mail id is datta.malladi0903[at]gmail.com