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Responsibilities of Nodal Office in NPS

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:

  • Consolidate PAO/ CDDO/ DTO/ DDO registration forms and forward to CRA for registration.
  • Monitor the performance of PAO/ CDDO/ DTO/ DDO in discharging their responsibilities in CRA system.
  • Monitor the resolution of grievances raised against PAO/ CDDO/ DTO/ DDO
  • Take necessary action to ensure compliance of PAO/ CDDO/ DTO/ DDO with the operational procedure of CRA system.
  • Authorisation of certain activities initiated by the underlying Nodal Offices.

PAO/ CDDO/ DTO 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 Common Subscriber Registration Form (CSRF) for allotment of PRAN received from the concerned DDO and forward it to the CRA-FC.
  • Distribution of PRAN kits to Subscribers.
  • Preparation and timely upload of Subscriber Contribution File (SCF) to NPSCAN system.
  • Deposit the contribution amount in the Trustee Bank as per the SCF uploaded in NPSCAN.
  • Processing of Voluntary and Tier II contributions.
  • Provide Transaction Statements to the registered Subscribers on request.
  • Maintenance of Subscriber Details such as changes/ update of demographic details, Bank Account details, Nomination details, PAN details, Aadhaar Seeding& update requests, PAN update requests, FATCA declaration, etc.
  • Update the Switch requests, New Scheme Preference requests, Inter Sector Shifting of Subscribers, Instant Reset of I-Pin for Subscribers and DDOs, etc.
  • Raise grievance on behalf of DDO and the Subscriber.
  • Resolve the grievance raised against it by any of the entities in the CRA system.
  • Exit Management of Subscribers (Withdrawal).

DDO is responsible for carrying out the following activities:

  • Obtain the duly filled CSRF for allotment of PRAN from the Subscribers, fill and certify the employment details and forward the same to PAO/ CDDO/ DTO.
  • Distribution of PRAN kit along with PIN mailers to Subscribers.
  • Forward the Switch requests, New Scheme Preference requests, Change in Subscriber details request, Withdrawal Requests received from Subscribers to the PAO/ CDDO/ DTO.
  • Provide information to PAO/ CDDO/ DTO about Subscribers NPS contribution.
  • Can raise grievances against any interfacing entity under NPS. Feedback can also be provided to the concerned PAO for resolution of the grievances.
  • Can initiate withdrawal request onlinefor underlying Subscribers and submit the withdrawal forms to the associated PAO/ CDDO/ DTO.

FATCA stands for the Foreign Account Tax Compliance Act. It is a new piece of legislation to help counter tax evasion in the US.Introduced by the United States Department of Treasury (Treasury) and the US Internal Revenue Service (IRS), the purpose of FATCA is to encourage better tax compliance by preventing US persons from using banks and other financial organizations to avoid US taxation on their income and assets.India has signed inter-governmental agreements (IGAs) relating to FATCA compliance with the United States government.

As per NPS Trust guidelines, Subscribers registered under NPS on or after July 1, 2014 are mandatorily required to submit FATCA Self–certification. As instructed by NPS Trust, in the event of non-submission of FATCA Self-Certification by a subscriber, restrictions on voluntary contribution, Tier 2 contribution and withdrawal will be imposed on his/ her NPS account.

As per NPS Trust guidelines, Subscribers registered under NPS on or after July 1, 2014 are mandatorily required to submit FATCA Self–certification. As instructed by NPS Trust, in the event of non-submission of FATCA Self-Certification by a subscriber, restrictions on voluntary contribution, Tier 2 contribution and withdrawal will be imposed on his/ her NPS account.

At present, subscriber is able to update the FATCA self-certification online through login in CRA system (cra-nsdl.com) and nodal offices can update (Screen based) FATCA self-certification on behalf of subscriber through their CRA login. Now, functionality is being made available to all nodal offices (PAO/DTO/DTA-In case of Centralized mode offices) for uploading of FATCA status for multiple subscribers through bulk file upload in the CRA system.

  • Nodal office is required to capture FATCA details from the self-certification Form submitted by subscriber. Details need to be captured in excel file as per specified file format.
  • After capturing of data in excel, nodal office is required to convert data from excel file format (.xls) to text file format (.txt) for uploading in CRA system.
  • Steps to convert from “.xls” file to “.txt” file format are mentioned below:
    • Capture FATCA details of the subscribers in excel file.
    • Copy/paste all data from line no.2 in excel file (.xls) to new text file (.txt) file (as in Annexure II).
    • After copying data in txt file, replace all space filed with “^”.
    • Save text file and upload the “.txt” file in the system.
  • After login to CRA system, click on “Transaction” menu and then click on “FATCA File Upload” submenu.
  • After clicking on “FATCA File upload” link, upload text file using “Browse” option and then click on “Upload File”. After file upload of “.txt” file, a file reference number will be generated which can be used to check the status of file and also for future reference.
  • For checking the status of Uploaded file, click on “Transaction” menu and click on “FATCA File Status”
  • For viewing status of uploaded FATCA File, fill File Reference number or Date Range option

Mentioned below are the views/ downloads and reports available to the PrAO/ DTA:

Sr. No.

Function/Activity Name

A.

Views & Download:

1

Transaction Statement

2

Voluntary Contribution Statement

3

e-PRAN Card

4

Subscriber details view*

5

List of underlying Subscribers / DDOs / PAOs

6

Views of various Circulars and SOPs

7

PrAO details view

8

PAO details view

9

DDO details view*

10

Inbox Notification for pending requests

11

CRA service charges bill

B.

Dashboard Reports:

1

Executive Summary (Registration & Contribution)

2

Subscriber Registration

3

Subscriber Contribution (Status   of   SCF   Upload)

4

Comparison of Monthly Contribution

5

Monthly Subscriber Contribution Credit

6

Performance Tracker related to SCF processing

7

Contribution Credit for Financial Year

8

Grievance raised against offices

9

NIL Credit Report

10

Report on Subscriber Exiting NPS

11

Exception Reports

C.

Additional Reports:

1

Exception Report-PAO Performance

2

Withdrawal Exit Claim ID Report

3

Credit Analysis

4

Subscriber Contributions Comparison

5

Subscriber Contributions List

6

Pending Match Contribution Files

* Marked functionalities are available for DTAs only.

Mentioned below are the views/ downloads and reports available to the PAO/ DTO:

Sr. No.

Function/Activity Name

A.

Views & Download:

1

Transaction Statement

2

Voluntary Contribution Statement

3

e-PRAN Card

4

Subscriber details view

5

Statement of Holding

6

Subscriber Retirement details

7

List of underlying Subscribers / DDOs / PAOs

8

Views of various Circulars and SOPs

9

PrAO details view

10

Document Management System - View

11

S1 Form submission details

12

Inbox Notification for pending requests

13

CRA service charges bill

14

Various Dashboard reports

B.

Dashboard Reports:

1

Subscriber Registration Report

2

Monthly Subscriber Contribution Credit

3

Performance Tracker of SCF

4

Contribution Credits for Financial Year

5

Exception Reports

C.

Additional Reports:

1

Withdrawal Exit Claim ID Report

2

Subscriber Contributions Comparison

3

Subscriber Contributions List

Mentioned below are the views/ downloads available to the DDO:

  • Subscriber details: All the details of Subscribers can be viewed.
  • Subscriber List: The list of underlying Subscribers can be downloaded.
  • Statement of Transaction: Financial Year wise view and print of the underlying Subscribers.
  • e- PRAN: View and print exact replica of PRAN card of the Subscriber.
  • Statement of Voluntary Contribution under NPS: View the statement showing Voluntary Contributions made by the Subscriber in Tier I account.