Withdrawal of erroneous contribution received into NPS instead of GPF

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY Cir no: PFRDA/ 2013/2/ PDEX / 2
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Subject: Withdrawal of erroneous contribution received into NPS instead of GPF

There have been various queries and requests from the subscribers and the PAOs/DDOs/DTOs on refund of  contribution received into NPS erroneously, due to wrongly classifying subscriber as falling under NPS instead of GPF.


After examining the matter, it has been  the decided that  such cases will be treated as erroneous transfer by the concerned department and do not fall under the exit/withdrawal from NPS.  In all such cases, 100% withdrawal of accrued pension wealth is allowed subject to the condition that such proceeds should mandatory transferred back to the concerned PAO/DDO from whom the request for withdrawal has arisen.

The concerned subscriber can approach through his PAO/DTO/DDO to our NPS claims cell at CRA for processing of such requests.

Source: www.pfrda.org.in

Processing of withdrawal requests of Non IRA Compliant subscribers

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY

Cir no: PFRDA/ 2013/2/ PDEX / 2                                                                

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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.

The following are the details of the process to be followed:

	Exit from NPS arising out of death	Exit from NPS before the age of normal superannuation & arising out of resignation
Non-IRA Compliant Subscribers	Certification from the concerned PAO/DTO/DDO (attached as annexure I) Affidavit from the claimant (attached as Annexure II.)  Filling of respective death claim form along with relevant details	Subscriber has to: Submit duly filled S1 form for enabling the complete data capture in CRA system. No PRAN generation activity will be undertaken. Submit duly filled Withdrawal form along with all relevant details and documents.

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.

Source: www.pfrda.org.in