Author Topic: Complete information & all Forms related to PRAN (National Pension Scheme)  (Read 12071 times)

Gaurav Rathore

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Here you can download all forms which are related to PRAN (National Pension Scheme) Account ..
First Download below S-1 form and fill all the column.
Form S1 : Subscriber Registration
http://www.npscra.nsdl.co.in/download/government-sector/state-government/forms/Form-S1_Application-for-Allotment-of-PRAN.pdf
« Last Edit: May 31, 2014, 04:00:28 PM by G.Rathore »

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Document Required
To enroll in NPS you need to submit the attached registration form (UOS-S1) to the POP-SP of his/her choice.

Documents Required

1)   2 copies of Identity Proof
2)   2 copies of Address Proof
3)   Signature/ Thumb impression(Male:-left; Female- right )
4)   Date of Birth Proof
5)   Self declaration that he/she is not a pre- existing member of NPS.
6)   Coloured passport size photograph
7)   Incase the subscriber wants PRAN to be filled in Hindi, the annexure UOS-SH1 on page 8 is required.
8)   In case of IRA compliant Subscriber applying for Tier II account, POP/POP-SP shall make sure that the Subscriber has provided the copy of PRAN card along with the Tier II application form.
For Tier II Account , along with the above documents Bank Details & a Cancelled Cheque is also mandatory. NRI should have an account with the bank based in India to open the account under NPS.

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Document Required
1. copy of order
2. copy of joining report
3. copy of pan card (optional)
4. matric certificate showing date of birth
5. address proof
prepare two files alongwith pran form.
6. 4 Passport size photos

Gaurav Rathore

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Prepared 3 files along with necessary attested documents.

Gaurav Rathore

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Benefits of NPS
Lower transaction cost

Efficiency in operations

Lowest cost option for planning retirement.

Pension contribution invested by professional PFMs.

Fund Management Charges > Govt NPS Architecture.

Regulatory efficiency

You can choose to invest upto 100% of your pension wealth to purchase the annuity.

Offers Portability: account can be operated from anywhere in the country.

After you retire at the age of 60, you may choose to purchase an annuity for an amount 40% or greater than 40% else withdraw the remaining pension wealth in lump sum.

You have an option of selecting an annuity which will pay a survivor pension to your spouse.

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Withdraw Facility

Vesting Criteria
Benefit
At any point of time before 60 years of age   You would be required to invest atleast 80% of the pension wealth to purchase a life annuity from any IRDA. Rest 20% may be withdrawn as lump sum.
On attaining the age of 60 years &  upto 70 years   At exit you would be required to invest minimum 40% of your accumulated savings (pension wealth) to purchase a life annuity.
You may choose to purchase an annuity for an amount greater than 40%. The remaining pension wealth can either be withdrawn in a lump sum on attaining the age of 60 or in a phased manner between age 60 & 70, at the option of the subscriber.
Death due to any cause   In such cases, option will be available to the nominee to receive 100% of the NPS pension wealth in lump sum.
Individuals can normally exit at or after age 60 years from the pension system. At exit, the individual would be required to invest at least 40 percent of pension wealth to purchase an annuity.

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After Orders fill P.R.A.N Form

Needed documents
1.Four Photos
2. Matriculation Certificate
3.P.A.N Card
4.Latest Order
5.Joining Report

After making forwarding of DDO & take forwading of Treasure office

and submit form at

Deputy Director Finance
Forest Complex
Tower 4th
6th Floor
Sector 68
Mohali


And One Copy to New Pension scheme Office

Gaurav Rathore

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Gaurav Rathore

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1. All the entries in the form should be in capital.
2. Use black ball point pen only.
3. Paste your photographs within the space given in the form.
4. Sign with the black pen within the space given under the pasted photographs.
5. Joining date of all the esp & tf will be 01-04-2011.
6. MICR Code of the bank could be inquired directly from the concerned bank or from your block's clerk.
7. You can nominate maximum 3 members of the family and minimum 1.
8. If these nominees are adult no need to give there complete bio data. Only relationship and percentage of share will be mentioned and vice versa.
9. If you nominate 1 member share will be 100% . If you nominate 2 members share can by 70-30, 50-50, 80-20 or any number but there sum should be 100 percent.
« Last Edit: June 01, 2014, 07:51:59 PM by G.Rathore »

 

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