Following are the services offered by CRA to NPS Subscribers:
No. You need not close your NPS account upon Shifting of Job/ Location.
PRAN allotted under NPS is portable. PRAN can be shifted from one office to another across sectors. Further, the PRAN remains active in the CRA system till the Subscriber exits from NPS. Once the Subscriber exercises the exit option (i.e., on successful processing of withdrawal request), the PRAN will get deactivated in the CRA system.
For e.g. Subscriber can shift from one sector to another sector with the same PRAN e.g. from Central Government (CG) to State Government (SG) or from one State Govt. to another State Govt., etc.
For shifting PRAN from one sector to another or from one State Govt. to another State Govt., Subscriber is required to submit Form ISS-1 (Inter Sector Shifting form) to the target Nodal Office/ Point of Presence (PoP) with whom the Subscriber will be associated after shifting. Form ISS-1 is available on the CRA website - www.npscra.nsdl.co.in. The target Nodal Office/ PoP will facilitate the shifting of PRAN along with accumulated NPS contributions of source sector in the CRA system.
For shifting of PRAN within Central Government/ within same State Government, Subscriber is required to intimate his PRAN to the target (new) office with whom he/she will be associated after shifting. There is no need to fill form ISS-1. The new office will facilitate shifting of PRAN in the CRA system. On successful processing of monthly NPS contributions by new office, PRAN will get associated to new office in the CRA system. Further, the new office is required to update subscriber’s employment details (such as DDO office name, department, pay scale and salary details, etc.) in the CRA system.
Subscribers have the following options in IVR:
Below are few significant benefits of Tier II NPS Account:
No, there is no need to re-open NPS account when you change your Job or location. Portability is one of the key features of NPS, it can be operated from anywhere in the country irrespective of individual employment and location/geography. This implies that you can shift your PRAN from one sector to another, e.g. Central Government to Corporate sector, State Government to Central Government etc. and vice versa.
For shifting PRAN from one sector to another or from one State Govt. to another, the Subscriber is required to submit Form ISS-1 (Inter Sector Shifting from). The form ISS-1 is available on the CRA website to the target Nodal Office i.e. to the Nodal Office with whom he/ she will be associated after shifting. However, the Inter Sector Shifting is not required for Subscribers shifting within same Sector (i.e. within Central Govt. or same State Govt.).