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Tuesday, March 25, 2014

Revised Master Circular on Product Design and Exit from National Pension System(NPS)

Revised Master Circular on Product Design and Exit from National Pension System(NPS) issued on 22 nd January 2013


MASTER CIRCULAR

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY 


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) 

For effective regulation of the exits from National Pension System (NPS) Pension Fund Regulatory and Development Authority (PFRDA) has been issuing various circulars from time to time. In order to enable all the stakeholders and other users to have an access to all the applicable circulars at one place, this Master Circular has been prepared. 


This Master Circular is a compilation of all the circulars issued by PFRDA on the above subject issued up to December 31, 2012 and which are operational as on date of this circular. 


Yours faithfully, 

sd/- 
Venkateswarlu Peri 
General Manager

   
 SUBJECT  

1 Withdrawal of erroneous contribution received into NPS instead of GPF

2 Exit rules under National Pension System for Government Employee Subscribers

3 Exit rules under National Pension System for All Citizen model under UoS including Corporates

4 Processing of withdrawal requests of Non IRA Compliant subscribers

5 Additional Benefit on death/disability of government servant covered by National Pension System (NPS)

6 Empanelment of Annuity Service Providers (ASPs) under National Pension System for providing annuity services

7 Addendum to Form S1 to be used in case of visually impaired/visually challenged /illiterate applicants of NPS.

8 Online Subscriber Registration facility for Points of Presence

9 Revised charge structure of POPs under NPS

10 Payment gateway proposals from various POPs-Under All Citizen Model Scheme of NPS

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