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FORMS/ANNEXURES FOR WITHDRAWAL ON EXIT FROM NPS

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Summary

Forms/Annexures for withdrawal on exit from New Pension System The details of nominees to whom the outstanding pension wealth of the subscriber is payable in case of the demise of the subscriber

Text of the circular

भारत सरकार GOVERNMENT OF INDIA रेल मंत्रालय MINISTRY OF RAILWAYS रेलवे बोर्ड (RAILWAY BOARD)

RBA NO. 21/2013 No. 2010/AC-II/21/18 New Delhi - 110001, dated: 16.08.2013

General Managers/CPOs/FA&CAOs, All Indian Railways and PUs.

Sub: Forms/Annexures for withdrawal on exit from New Pension System.

KRREKKEKKEK

Please refer to this office letter of even no. dated 02.07.2013 (RBA No. 16/2013) wherein Master Circular containing the interim procedure for withdrawal requests of employees arising out of the Superannuation/ Premature exit/Death of the subscriber provided by Pension Fund Regulatory & Development Authority (PFRDA) was circulated. In this regard, reference was received regarding modalities of such withdrawal.

NSDL has already circulated the instructions for processing of such requsts to all FA&CAOs amd PAOs. However, the same are summarized below:

a. Upon Normal Superannuation: At least 40% of the accumulated pension wealth of the subscriber needs to be utilized for purchase of annuity providing for monthly pension to the subscriber and balance is paid as lump sum payment to the subscriber.

b. Upon Death: The entire accumulated pension wealth (100%) would be paid to the nominee/legal heir of the subscriber and there would not be any purchase of annuity/monthly pension.

c. Exit from NPS before the age of Normal superannuation (irrespective of cause): At least 80% of the accumulated pension wealth of the subscriber needs to be utilized for purchase of annuity providing for monthly pension to the subscriber and the balance is paid as a lump sum payment to the subscriber

As per the interim procedure provided by PFRDA for withdrawal of accumulated pension wealth of subscriber, the requests are to be made in the following forms:

1. Withdrawal form for exiting on Normal Retirement. (Annexure -1)

2. Withdrawal form for exiting before the age of Normal Retirement (irrespective of the cause) (Annexure - 2)

3. Withdrawal form for claimant on death of subscriber. (Annexure - 3)

NPS- 609 -

Apart from above, Annexure for nomination details (Annexure - की and list of Documents to be enclosed with application (Annexure - 5) are _ also attached herewith. It is requested to follow the process as advised by PFRDA. The Withdrawal Form along with the supporting documents are to be submitted in original to the Exceptional Handling Cell - CRA. Also kindly note that PAO/DDO has to. attest copy of ID and Address proof (KYC) documents after verifying it with the original document and should write “verified with original” with his/her signatures and stamp on the copy. Subscriber/claimant also has to self-attest the bank proof provided by him/her with the Withdrawal form. NSDL may be contacted on the

- following email id for any further clarification: ः

[email removed].

Kindly ensure compliance.

है ह (Sanjeev Sharma)

Joint Director Accounts Railway Board

- NPS.dov- 610 -

~ ANNEXURE - 1

= Al .

Page 1

Form 101-GS

National Pension System (NPS) Pension System (NPS Withdrawal Form for Claim of Accumulated Pension Wealth on Superannuation for Goyernment Form for Claim of Accumulated Pension Wealth on Superannuation for Government

Employees A (To be filled in by Subscriber - Please fill all the details in CAPITAL LETTERS & in BLACK INK only.)

(FOR OFFICE PURPOSE ONLY-NOT TO BE FILLED IN BY THE SUBSCRIBER)

=| attested pac: LT TT TTT] actnowedgement Number: (1 1111IT1TITI

photograph of the : subscriber (DD/MM/YYYY) (Generated by CRA) :

DDO Registration No.: PAO/DTO/POP/POP-SP Registration No.:

Receipt Number issued by receiving office: | | | | | | | | | [| |

Entered By: Date: Verified By: - Date:

Sir/Madam

1 hereby submit a request for withdrawal under NPS for both Tier-I / Tier-II (please tick as applicable) fund accumulations in my Permanent Retirement Account and give below the necessary details

Section A ~ Subscriber’s Personal Details:

2. Full Name (As in PRAN Card) *:

First Name*

Middle Name CT LEN TOLLE

Last Name

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