Transaction Statement (TS) was dispatched in the second half of July 2010. In case of IRA compliant subscribers, Transaction Statement was dispatched to the subscriber's communication address directly.
In case of Non IRA subscribers (Decentralised and Quasi Centralised model), Transaction Statement was dispatched to the respective DTO in DDO-wise packets for onward distribution. In case of Non IRA subscribers (Centralised model), Transaction Statement was dispatched to the respective DTA in DTO-wise packets for onward distribution.
A Subscriber might not have received the Transaction Statement because of the following reasons
- Subscriber's Account was not having any balances as on March 31, 2010.
- If the subscriber is a non-IRA compliant subscriber (S1 form not submitted to CRA), the Transaction Statement has been dispatched to the respective Nodal Office (DTA/DTO). The TS may be in transit. The subscriber may contact the Nodal Office for the same.
- For certain identified cases of duplicate/multiple unique employee IDs which are yet to be resolved, Transaction Statement has not been dispatched to the subscriber/Nodal Office. CRA is dispatching the undelivered TS (which were sent to the subscribers directly) to the concerned Nodal Offices/ DTAs. Further, the Subscriber can contact his Nodal Office for obtaining the copy of Transaction statement.
- In case the Subscriber is transferred from one DTO to another and the Subscriber address is not updated in the CRA system as on June 30, 2010, the TS may not reach the Subscriber.
The Transaction Statement dispatched is for the period 01.04.2009 to 31.03.2010.
Initially, to facilitate faster credit of accumulated balance and monthly contribution, CRA generated the PRANs based on the minimum electronic data i.e., PPAN, Name & Date of Birth in case of certain State Governments. The remaining details were updated based on the Form S1 submitted by the Subscriber. All such subscribers who are yet to fill the Form S1 should fill the same immediately and submit the same to the office concerned.
The subscriber for whom all the details are updated are termed as Individual Retirement Account (IRA) compliant subscribers and his Transaction Statement contains his address details in which the statement was dispatched.
The subscribers whose details are yet to be updated are termed as non-IRA compliant subscribers and their Transaction Statement was dispatched to the concerned District Treasury Office for onward distribution to the subscribers. These statements contain the address details of the concerned DDO and District Treasury Office.
The amount shown as contribution has been uploaded by the concerned DTA/DTO. Some of the possibilities for non reflection of the amount are as follows
- DTA/DTO has not yet uploaded the record
- DTA/DTO has not transferred funds to Trustee Bank
- The SCF for the record is still in uploaded status
Please contact the concerned nodal office for discrepancies related to missing/short/excess contributions.
In CRA terms, date of 'matching & booking' refers to the date on which the contribution details submitted by the DTA/DTO to CRA has been matched against the Funds remitted by the DTA/DTO to the Trustee Bank and the subscribers' account got credited with the contribution amount (units).
In case the DTA/DTO has uploaded the contribution amount more than once (it may be a case where the Subscriber has served under two different DDO under the same DTO or with another DTO), same will be appearing more than once.
The contribution amount has been allocated among the three pension fund managers as per the stipulated allocation ratio. The allocation is done up to 2 decimals. The allocation ratio between three PFMs is different across different periods.
The NAV (price at which the units are purchased by the PFMs) for all the pension fund schemes is available on the CRA website www.npscra.nsdl.co.in and also available in the SOT. Subscribers can calculate the present value of investments for the Units based on the NAV of that day.
The IRA compliant subscribers (subscribers having IPIN to access CRA system) can check the value of investment from CRA website on a ongoing basis. Non IRA compliant subscribers can contact the DTO for the value details.
The contribution amount is invested in a fixed proportion amongst SBI Pension Funds Private Limited, UTI Retirement Solutions Limited and LIC Pension Fund Limited as decided by the respective state.
PRAN application form (referred as Form S1) has to be filled by all Government Employees covered under NPS and get their details registered in CRA system.
Initially, CRA generated the PRANs based on the minimum electronic data i.e., PPAN, Name & Date of Birth. The remaining details were updated based on the Form S1 submitted by the Subscriber. For new subscribers, PRAN is generated on the basis of Form S1.
The PRANs for which all the details are not updated in the CRA system, should fill and submit the Form S1 to become IRA compliant, as CRA is providing certain Value Added Services like online email alerts, SMS alerts, internet access, Telephonic access etc. only to the IRA compliant subscribers.
Form S1 is available in CRA website 'www.npscra.nsdl.co.in'. Subscriber can request the DTA/DTO/DDO to download the form from CRA web site. For more details on PRAN allotment, refer FAQ section of this website.
The form G1 is for logging grievance about NPS. The grievance may be against the DTO, DDO or CRA. The duly filled form to be forwarded to CRA.
It may be noted that grievance can also be lodged after logging in to the CRA site (www.cra-nsdl.com) which is a much faster way of lodging a complaint and resolving the same.