Guidelines to Submit and Process Withdrawal Requests to the CRA, The Subscriber PRAN should be in active status in CRA system and the request for withdrawal should be processed through the DDO who deducts the last contribution of the subscriber and the corresponding Treasury Officer.
The application should be filled in all respects by the Claimant / Subscriber in black ink without any over write or corrections. All the mandatory fields should be filled in with correct postal address. It should be accompanied by the documents prescribed and detailed at the end of relevant application form, viz., Form.101-GS, 102-GP and 103-GD depending upon the type of withdrawal.
If the accumulated Pension Wealth on superannuation is equal to or less than Rs.2,00,000/- and the subscriber prefers to withdraw the entire amount, Form.101-GS should be accompanied by a specific request in the following proforma:-
NEW PENSION SYSTEM
Request for withdrawal of Total Pension Wealth upon Normal Superannuation (for Government employees) / Upon attaining the age of 58 / 60 Years and where the total Pension Wealth is equal to or less than 2,00,000/-
I _____________________________________ holding a Permanent
Retirement Account with number (PRAN) _______ do hereby apply for
the payment of the accumulated pension wealth in my NPS Account being the full and final benefits receivable by me.
Signature of the Subscriber
The PFRDA prescribes the following checks / guidelines for submission of withdrawal request.
Superannuation & Premature exit:
- Photograph needs to be duly attested by the subscriber. Lump-sum amount for withdrawal and annuity needs to be mentioned in percentage.
- Cancelled Cheque / Bank Certificate on the bank letter head indicating the Bank name and address, Bank account number, IFS Code and MICR code.
- Nominee details need to be completely filled along with the witness signature.
- Withdrawal form needs to be duly stamped and signed by the mapped Nodal Office, i.e. the Drawing and Disbursing Officer concerned.
1.Advanced stamped receipt need to be duly filled along with the subscriber signature on the Revenue stamp.
2.Original PRAN card (or) affidavit in case of non submission of PRAN card.
3.KYC documents (address and Photo ID proof) should write with “verified with original” and attested by mapped Nodal Office, i.e., the Drawing and Disbursing Officer concerned.
4.Copy of Bank Passbook should be self attested by the Subscriber and mapped Nodal Office, i.e., the Drawing and Disbursing Officer concerned.
Withdrawal request should be submitted by the Nominee provided in the CRA system. In case of Nominee not available on the CRA system, a legal heir certificate (or) a certified copy of family members certificate issued by Executive Magistrate is required indicating the relationship of the claimant as well with supporting documents to be provided.
Relinquishment deed from all the legal heirs on a Stamp paper of Rs.100/- is to be furnished, if they are not claiming the pension funds. KYC documents (Photo ID proof and Address proof) of all the legal heirs duly attested by the mapped Nodal Office, i.e., the Drawing and Disbursing Officer concerned. The claimant need to furnish an Indemnity bond stating the responsibility for claiming on behalf of all the legal heirs.
The application should be filled in all respects by the claimant under proper witness whose details need to be filled in. Guidelines to Submit and Process Withdrawal Requests to the CRA
1.Advanced stamped receipt need to be duly filled along with the claimant signature on the Revenue stamp.
2.Original PRAN Card (or) affidavit in case of non submission of PRAN Card.
3.KYC documents (Address and Photo ID proof) of the claimant should be attested by mapped Nodal Office, i.e., the Drawing and Disbursing Officer concerned.
4.Original Death Certificate issued by the local authority.
5.Copy of Bank Passbook should be self attested by the claimant and mapped Nodal Office, the Drawing and Disbursing Officer concerned.
6.Cancelled Cheque / Bank Certificate on the bank letter head indicating the Bank Name and address, Bank Account Number, Name of the Claimant, IFS Code and the MICR Code.
The Drawing and Disbursing Officer on receiving the application should check it as per the instructions provided for in the relevant application form and attest it as provided for in the application duly affixing his / her stamp.
The application should be forwarded to the mapped treasury officer / PAO for further prescribed checks and attestation. The treasury officer / Pay and Accounts Officer shall verify the genuineness of the application by identifying the DDOs attestation and check the details with reference to Master data of the subscriber in the CRA website. The following other primary checks should be done before attesting and forwarding application.
- Status of the PRAN in CRA system. It should be active.
- The Subscriber details.
- Full address of the Subscriber / Claimant.
- Date of death of deceased subscriber/ Date of exit (or) Date of Superannuation, as the case may be.
- The percentage of allocation towards annuity and Pension Wealth noted in the application.
- The bank details, i.e., Bank Account Number, Name of the Bank and Branch, MICR Code and IFS Code.
The Treasury officer / PAO shall place an online request by login into www.cra-nsdl.com and simultaneously forward the application with a covering letter in a secured mode of delivery to the CRA at the following address:-
Exception Handling Cell,
Central Recordkeeping Agency,
NSDL e-Governance Infrastructure Limited,
10th Floor, Times Tower, Kamala Mills Compound,
Senapati Bapat Marg, Lower Parel, MUMBAI – 400 013.