Wednesday, 26 October 2016
Procedure to subscribe NPS
Procedure to subscribe
The State Government employees can register for NPS (Tier-I) through following process:
Submit S1 form to the Drawing and Disbursing Officer (DDO) or equivalent offices.
The DDO shall provide and certify the employment details.
Subsequently, the DDO shall forward the form to the respective Pay and Accounts Office (PAO) / District Treasury officer (DTO).
The form should be submitted to Central Recordkeeping Agency (CRA) - for registration.
Contribution to NPS
Withdrawal
Corporate
A Corporate would have the flexibility to decide investment choice either at subscriber level or at the corporate level centrally for all its underlying subscribers. The corporate or the subscriber can choose any one of Pension Fund Managers (PFMs) - available under “All Citizen Model” and also the percentage in which the funds are allocated in various asset classes.
Benefits to Corporate
Benefits to Subscribers
Procedure to Subscribe
Contribution to NPS
Withdrawal
Individual
All citizens of India between the age of 18 and 60 years as on the date of submission of his / her application to Point of Presence (POP) / Point of Presence-Service Provider (POP-SP) can join NPS.
Procedure to Subscribe
Contribution
Withdrawal
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