NPS - Partial Withdrawals – New Development
introduced in NSDL-CRA system – Processing of Conditional Withdrawal at NPS
Subscriber Level
Cir. Memo No. F2/3058/2013 Dated
14/09/2021
NPS: 01/09/2021 నుండి ఖజానా
కార్యాలయం అనుమతి తో పని లేకుండా ఆన్లైన్ లో Partial Withdraw చేసే విధానం గురించి DTA వారి ఉత్తర్వులు
Sub: - NATIONAL PENSION SYSTEM – Partial
Withdrawals – New Development introduced in NSDL-CRA system – Processing of
Conditional Withdrawal at NPS Subscriber Level – Information communicated –
Reg.
Attention of all the Deputy Directors of
District Treasuries in the State is invited to the subject cited, vide
reference in 1st cited guidelines were issued regarding the processing of
partial withdrawal of accumulated pension wealth of the Subscriber under
National Pension System, not exceeding twenty-five percent of the contributions
made by the Subscriber only, excluding contributions made by employer, if any,
at any time before exit from National Pension System, subject to the terms and
conditions, purpose, limits and frequency.
And vide reference 2nd cited, necessary
instructions were issued to allow partial withdrawal requests through
Self-Declaration of the subscribers without any supporting documents.
In addition to that, it was informed by
the NSDL-CRA, that a new development was incorporated in NSDL-CRA system
regarding processing of Conditional (Partial) withdrawal requests which are
raised through online by the subscribers without Treasury Office authorization
with effect from 01st September, 2021.
And, the process of conditional
withdrawal request in new development was as under:
1. Subscriber will initiate a
Conditional withdrawal Request from his / her CRA system login
a. This request will be OTP based or
b. AADHAAR e-Sign based.
2. Once OTP / e-Sign is successful, CRA
system will check the subscriber’s bank details vis a vis the details present
in CRA system (also called as penny drop verification)
3. For successful verifications, CRA
system will process the Conditional withdrawal request, without further
authorization from the Treasury Office and funds shall be credited to subscriber’s
verified bank account.
4. If penny drop verification failed due
to mismatching of the details like Name of the subscriber, Bank Account number,
IFSC code, Pin code etc... in CRA system while comparing to soft copy uploaded
by subscriber, then transaction is unsuccessful.
5. For un-successful verifications, CRA
system will display a message to the subscriber after which he/she will have to
rectify the bank details in CRA System. For rectifying the bank details in CRA system,
the subscriber needs to submit physical request to concerned Nodal office.
Hence, the Deputy Directors of District
Treasuries in the State are requested to take necessary action to communicate
these information to all the Divisional Sub Treasuries / Sub Treasuries /
Drawing and Disbursing Officers under their jurisdiction.
Note:
• The subscriber need to initiate either
OTP authentication or e-Sign the request.
• In OTP authentication, two distinct
OTPs will be sent to subscriber registered mobile number and E-mail id
respectively.
• E-Sign will be successful only, if
name as per CRA records and name as per UIDAI (Register for Aadhar) matches
100% and active mobile number is available in UIDAI records.
• Only after successful OTP
authentication or e-Sign, withdrawal request will be executed in CRA.
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