SBI PENSION FUND SCHEME - CENTRAL GOVT - 25.869 as on 16-01-2018 || SBI PENSION FUND SCHEME - STATE GOVT - 22.2277 as on 16-01-2018 || SBI PENSION FUND SCHEME E - TIER I - 23.9539 as on 16-01-2018 || SBI PENSION FUND SCHEME C - TIER I - 24.4036 as on 16-01-2018 || SBI PENSION FUND SCHEME G - TIER I - 22.1813 as on 16-01-2018 || SBI PENSION FUND SCHEME E - TIER II - 22.0863 as on 16-01-2018 || SBI PENSION FUND SCHEME C - TIER II - 22.3433 as on 16-01-2018 || SBI PENSION FUND SCHEME G - TIER II - 21.1926 as on 16-01-2018 || NPS TRUST A/C-SBI PENSION FUNDS PRIVATE LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 21.0047 as on 16-01-2018 || SBI PENSION FUNDS PVT. LTD. SCHEME - CORPORATE-CG - 16.4807 as on 16-01-2018 || NPS TRUST - A/C SBI PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.4691 as on 16-01-2018 || SBI PENSION FUND SCHEME A - TIER I - 10.9535 as on 16-01-2018 || SBI PENSION FUND SCHEME A - TIER II - 20 as on 16-01-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- CENTRAL GOVT - 25.2011 as on 16-01-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME- STATE GOVT - 22.4379 as on 16-01-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME E - TIER I - 28.2958 as on 16-01-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME C - TIER I - 22.0976 as on 16-01-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME G - TIER I - 19.999 as on 16-01-2018 || UTI RETIREMENT SOLUTIONS SCHEME E - TIER II - 22.8882 as on 16-01-2018 || UTI RETIREMENT SOLUTIONS SCHEME C - TIER II - 21.1067 as on 16-01-2018 || UTI RETIREMENT SOLUTIONS SCHEME G - TIER II - 20.5063 as on 16-01-2018 || NPS TRUST A/C-UTI RETIREMENT SOLUTIONS LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.9072 as on 16-01-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME - CORPORATE-CG - 10 as on 16-01-2018 || NPS TRUST - A/C UTI RETIREMENT SOLUTIONS LTD. SCHEME - ATAL PENSION YOJANA (APY) - 12.8304 as on 16-01-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER I - 10.8257 as on 16-01-2018 || UTI RETIREMENT SOLUTIONS PENSION FUND SCHEME A - TIER II - 10 as on 16-01-2018 || LIC PENSION FUND SCHEME - CENTRAL GOVT - 25.2257 as on 16-01-2018 || LIC PENSION FUND SCHEME - STATE GOVT - 22.541 as on 16-01-2018 || NPS TRUST A/C-LIC PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 20.7654 as on 16-01-2018 || LIC PENSION FUND LIMITED SCHEME - CORPORATE-CG - 16.578 as on 16-01-2018 || LIC PENSION FUND SCHEME E - TIER I - 18.6528 as on 16-01-2018 || LIC PENSION FUND SCHEME C - TIER I - 15.8189 as on 16-01-2018 || LIC PENSION FUND SCHEME G - TIER I - 15.9639 as on 16-01-2018 || LIC PENSION FUND SCHEME E - TIER II - 15.6067 as on 16-01-2018 || LIC PENSION FUND SCHEME C - TIER II - 14.8217 as on 16-01-2018 || LIC PENSION FUND SCHEME G - TIER II - 15.9043 as on 16-01-2018 || NPS TRUST - A/C LIC PENSION FUND SCHEME - ATAL PENSION YOJANA (APY) - 12.7705 as on 16-01-2018 || LIC PENSION FUND SCHEME A - TIER I - 10.7845 as on 16-01-2018 || LIC PENSION FUND SCHEME A - TIER II - 10 as on 16-01-2018 || KOTAK PENSION FUND SCHEME E - TIER I - 26.771 as on 16-01-2018 || KOTAK PENSION FUND SCHEME C - TIER I - 24.2321 as on 16-01-2018 || KOTAK PENSION FUND SCHEME G - TIER I - 20.402 as on 16-01-2018 || KOTAK PENSION FUND SCHEME E - TIER II - 23.6868 as on 16-01-2018 || KOTAK PENSION FUND SCHEME C - TIER II - 20.8458 as on 16-01-2018 || KOTAK PENSION FUND SCHEME G - TIER II - 19.1722 as on 16-01-2018 || NPS TRUST A/C-KOTAK MAHINDRA PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 18.4095 as on 16-01-2018 || KOTAK PENSION FUND SCHEME A - TIER I - 10.8926 as on 16-01-2018 || KOTAK PENSION FUND SCHEME A - TIER II - 10 as on 16-01-2018 || RELIANCE PENSION FUND SCHEME E - TIER I - 26.4001 as on 16-01-2018 || RELIANCE PENSION FUND SCHEME C - TIER I - 21.9558 as on 16-01-2018 || RELIANCE PENSION FUND SCHEME G - TIER I - 19.9767 as on 16-01-2018 || RELIANCE PENSION FUND SCHEME E - TIER II - 22.5741 as on 16-01-2018 || RELIANCE PENSION FUND SCHEME C - TIER II - 20.4303 as on 16-01-2018 || RELIANCE PENSION FUND SCHEME G - TIER II - 19.3897 as on 16-01-2018 || NPS TRUST A/C-RELIANCE CAPITAL PENSION FUND LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 16-01-2018 || RELIANCE PENSION FUND SCHEME A - TIER I - 10.7353 as on 16-01-2018 || RELIANCE PENSION FUND SCHEME A - TIER II - 10 as on 16-01-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER I - 28.1299 as on 16-01-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER I - 24.3834 as on 16-01-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER I - 20.5722 as on 16-01-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME E - TIER II - 22.1684 as on 16-01-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME C - TIER II - 22.7219 as on 16-01-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME G - TIER II - 19.7212 as on 16-01-2018 || NPS TRUST A/C-ICICI PRUDENTIAL PENSION FUNDS MANAGEMENT COMPANY LIMITED- NPS LITE SCHEME - GOVT. PATTERN - 10 as on 16-01-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER I - 10.7199 as on 16-01-2018 || ICICI PRUDENTIAL PENSION FUND SCHEME A - TIER II - 10 as on 16-01-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER I - 20.7536 as on 16-01-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER I - 15.8444 as on 16-01-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER I - 15.2094 as on 16-01-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME E - TIER II - 17.9769 as on 16-01-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME C - TIER II - 14.9407 as on 16-01-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME G - TIER II - 15.5436 as on 16-01-2018 || NPS TRUST A/C-HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME - NPS LITE SCHEME - GOVT. PATTERN - 10 as on 16-01-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER I - 10.8328 as on 16-01-2018 || HDFC PENSION MANAGEMENT COMPANY LIMITED SCHEME A - TIER II - 10 as on 16-01-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER I - 11.6034 as on 16-01-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER I - 10.7359 as on 16-01-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER I - 10.2184 as on 16-01-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER I - 10.4333 as on 16-01-2018 || BIRLA SUN LIFE PENSION SCHEME E - TIER II - 11.5834 as on 16-01-2018 || BIRLA SUN LIFE PENSION SCHEME C - TIER II - 10.4627 as on 16-01-2018 || BIRLA SUN LIFE PENSION SCHEME G - TIER II - 9.8648 as on 16-01-2018 || BIRLA SUN LIFE PENSION SCHEME A - TIER II - 10 as on 16-01-2018

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General

NPS is applicable to all employees joining services of Central Government including Central Autonomous Bodies (except Armed Forces) on or after 1st January 2004. Many State Governments have adopted NPS architecture and implemented NPS mandatorily through Gazette Notifications for their employees joining on or after a cut-off date.

The old pension scheme of Government of India, referred as Defined Benefit Pension System (DBPS) is based on the last pay drawn of the employee. NPS is referred as Defined Contribution Pension System (DCPS) in which the employer & employee contributes for building a pension wealth payable at the time of retirement by way of annuity/ lumpsum withdrawal as per norms.

Yes. In line with the decision of GOI to introduce NPS for new entrants joining central government services on or after 1/1/2004, it has been decided vide OM 1(13)/EV/2001 Dt 13/11/2003 Department of Expenditure, Ministry of Finance that all new entrants in all Autonomous Bodies under various Central Ministries/Departments recruited on or after 1/1/2004 will also be governed by the NPS.

Department of Expenditure, Ministry of Finance , GOI vide its OM No 1(13)/EV/2008 Dt 30/1/2009 advised all Central Autonomous Bodies to submit Letter of Consent (LOC) indicating their formal commitment towards discharging their obligations under NPS through the Financial Advisors of the respective Ministries/ Departments.

Yes. The organizations are permitted to shift to NPS in respect of employees who have joined before 1/1/2004 vide OM dt 30/6/2009 No 1(2)/EV/2007 Department Of Expenditure Ministry of Finance. Date of effect will be the date when such option is exercised by the concerned employee. The other detailed operational features are as follows:

  • The existing corpus of CPF (both employees and employers’) would be moved over to the trust fund accounts under NPS.
  • In order to facilitate the transition from CPF to NPS, the autonomous body would make in addition one time ex gratia payment of 10% of the employer’s contribution for each of the employees opting to switch over to NPS.
  • Recurring monthly contribution by employee @ 10% of Basic Pay + DA and a matching contribution by the autonomous body would be payable.
  • The employer’s contribution would be payable from the month the organization/employee shifts over to NPS and would be limited to 10% of Basic Pay + DA.

The Autonomous Bodies are required to submit duly authorized Letter of Consent to PFRDA through the Financial Advisor of the respective ministry.

After registration of Designated office for interaction with CRA, upon submission of Master Creation Form (MCF), the oversight offices & administrative offices shall be registered on the basis of submission of physical application forms to CRA i.e. Form N1 for Pr.AO, Form N2 for PAO and Form N3 for DDO.

Various State Governments have adopted NPS architecture and implemented NPS with effect from different dates.

Many State Governments have adopted NPS architecture and implemented NPS for the employees of State Government as well as for the employees of Autonomous bodies, State PSUs, Corporations, Boards, if notified in their respective gazette notifications.

Various State Governments have adopted NPS architecture and implemented NPS for the employees of State Government as well as for the employees of Autonmous bodies, State PSUs, Corporations, Boards, Nigams etc. with effect from different dates.

The Autonomous Bodies are required to submit duly authorized Letter of Consent to PFRDA through the designated Nodal offices/ Ministries/ Head of Department etc. as indicated in the NPS Notification of the respective State Government.

After registration of Designated office for interaction with CRA upon submission of Master Creation Form (MCF), the oversight offices & administrative day-to-day functioning offices shall be registered on the basis of submission of physical application forms to CRA i.e. Form N1 for DTA, Form N2 for DTO and Form N3 for DDO.

The Principal Accounts Office (PrAO)/ Directorate of Treasury & Accounts (DTA) act as the oversight authority in NPS monitoring. As per the standard operating procedure for NPS, the PrAO/DTA is required to discharge several functions, most of which are in the nature of monitoring performance of the registered nodal offices under its jurisdiction. The nature of activities required to be carried out by the PrAO/DTA may be summarized as under:

  1. Consolidate PAO/DTO/ Nodal Office registration form and forward it to CRA for registration.
  2. Monitor the performance of PAO/DDO/DTO/ Nodal offices in discharging their responsibilities in CRA system.
  3. Monitor the resolution of grievances raised against PAO/DTO/ Nodal office
  4. Take necessary action to ensure compliance of PAO/DDO/DTO with the operational procedure of CRA system.

PAO is responsible for carrying out the following activities:

  • Consolidate DDO registration forms & forward it to CRA for registration.
  • Facilitate registration of Subscribers by consolidating the Application for allotment of PRAN received from the concerned DDO and forward it to the CRA-FC.
  • Upload Subscriber Contribution File (SCF) to NPSCAN system.
  • Deposit the contribution amount in the Trustee Bank as per the SCF uploaded in NPSCAN.
  • Provide Transaction Statements to the registered Subscribers.
  • Update the Switch requests, New Scheme Preference requests, Withdrawal Requests & the request for change in Subscriber details received from Subscribers through NPSCAN.
  • Raise grievance on behalf of DDO and the Subscriber.
  • Resolve the grievance raised against it by any of the entities in the CRA system.

DDO is responsible for carrying out the following activities:

  • Obtain the duly filled Application for allotment of PRAN from the Subscribers, fill and certify the employment details and forward the same to PAO.
  • Distribution of PRAN kit, I-PIN, T-PIN to Subscribers.
  • Forward the Switch requests, New Scheme Preference requests, Change in Subscriber details request, Withdrawal Requests received from Subscribers to the PAO.
  • Provide information to PAO about Subscribers NPS contribution.
  • Forward grievances of the Subscriber to the PAO.
  • Disburse payment for withdrawal to Subscribers.

Nodal Offices can access CRA system through NPSCAN website www.npscan-cra.co.in or CRA website www.cra-nsdl.co.in. NPSCAN can be accessed for uploading Subscriber contribution details, modifying Subscriber details, updating various types of Subscriber request etc. CRA website can be accessed for viewing scanned copies of S1 forms, view rejection memos e-PRAN, transaction statements raising request for Inter Sector Shifting of Subscriber, Error Rectification Module, raising grievances, and checking the status of grievances and reports. Both the above sites can be accessed on internet only by using the User ID and I-PIN allotted by CRA.

NPSCAN is a web based "NPS Contribution Accounting Network" developed by CRA to maintain accounts of Government Subscribers. PAO can access NPSCAN for uploading Subscriber contribution file, updating various types of request of Subscribers such as change in Subscriber details, change in scheme preference, switch, withdrawal etc. Nodal Office can access NPSCAN with the User ID and I-PIN allotted by CRA.

I-PIN is an eight character Internet Personal Identification Number issued by CRA to the PrAO and PAO for accessing the CRA/NPSCAN system through the internet. CRA shall issue single I-PIN to the PrAO whereas two sets of I-PIN will be issued to the PAO. The Nodal Office can access both CRA website www.cra-nsdl.com and NPSCAN website www.npscan-cra.com with the same user id and I-PIN. The Nodal Office should maintain the confidentiality of the I-PIN.

Facilities those are available for a PAO through Call centre:

  1. T-PIN Reset
  2. Registering grievance (only for self but not for the Subscriber)
  3. Tracking the status of grievances through CCE
  4. Tracking the status of the contribution file
  5. Speaking with CCE for any Technical difficulties/ other queries.
  6. Tracking Status of PRAN Kits

T-PIN is a four digit "Telequery Personal Identification Number" issued by CRA to the PAO, which are registered with the CRA for accessing Telequery facility. Telequery facility includes both Interactive Voice Response (IVR) service and Call Centre facility. CRA shall issue single T-PIN to the PrAO whereas two set of T-PIN will be issued to the PAO. The Nodal Office should maintain the confidentiality of the T-PIN.

Some of the functions of PAO require maker and authorizer activity, i.e., the Subscriber request shall be captured by an officer using a User ID and I-PIN and the authorization of the same shall be carried out by another officer using another User ID and I-PIN. Hence, two User IDs and I-PINs are provided to the PAOs. For this purpose, PAO shall identify two officers, one for Maker activity and another for Authorizer activity and handover the respective User ID and PIN to them.