NPS Functionalities released by CRAs during Quarter I of FY 2021-22 | PFRDA Circular

1. Option to Add/ Update Nomination details online directly by Subscriber (through paperless manner) has been enabled in the CRA system earlier.
2. Now, Nomination request of Corporate Subscribers will be authorized by his/ her employer in CRA system.

1. At the time of initiating the exit request in CRA,ASP selection is on the basis of Age & Corpus; while scheme selection is on the basis of Marital status. Now, the scheme selection will also include Age along with Marital status of the Subscriber.
2. Now the scheme selection will be allowed as per the minimum Age & Corpus of the respective ASP.

1. Smart Exit Guide facilitates Subscribers to take well informed decision based on associated benefits
2. The annuity quotes/schemes being displayed in Annuity Calculator in CRA as well on CRA corporate website will be displayed under criteria with ROP/ without ROP.
3. The same will facilitate the Subscriber/ Nodal Office to view schemes wherein there is Return of Purchase Price (ROP) and schemes without ROP.

1. As per UIDAI guidelines, Aadhaar Vault has been developed for storing Aadhaar details of the Subscribers.
2. Aadhaar Vault has been integrated in eNPS platform and Subscriber Registration has been enabled through online Aadhaar eKYC.

New Withdrawal from Death Withdrawal request for the following has been enabled:

(A) Govt. sector Subscribers,
(B) Non-Govt. sector Subscribers,

1. At the time of withdrawal request initiation, existing nomination details will be displayed and the same will non-editable.
2. If a person claiming NPS Corpus is other than the registered nominee/ s then Nodal Office is required to capture their details as Legal heir and not as nominee.

NACH Mandate registration and contribution remittance by Nodal Offices which is,

• Another easy mode of transferring contribution amount to Trustee Bank (TB)
• Submission of Mandate Registration Form by Nodal Office to C:RA through email
• Submission of Mandate Registration Form by CRA to TB
• Confirmation of Mandate Registration by TB to CRA/ Nodal Office
• Auto Debit of Bank Account of the Nodal Office post upload of SCF

The information is exchanged conveniently through emails.

Following validations have been added in CRA at the time of contribution for Govt. Nodal Offices:

Employer contribution to be 1.4 times of employee contribution

1. In online Transaction Statement, at notes section, a link has been provided to view charges in NPS.
2. When User clicks the link, he/she will be redirected to a webpage wherein various charges applicable in NPS are displayed.

1. Inbox notification available in Nodal Office login to re direct the users to download / view and take action on all pending requests.
2. Now, an option will be provided to authorize the requests directly through this screen.

1. Subscriber Registration Form will be generated in PDF on the basis of details provided by the Subscriber at the time of registration.
2. Registration forms generated will also be available in the OMS for view. Subscriber and Nodal office can login into CRA system and will able to view registration form PDF through view OMS document upload functionality.

1. APY Service Providers (APY-SPs) upload the online exit file inCRA system for Subscribers exiting APY.
2. Now, following fields have been added in the APY Voluntary Exit file format:
   • Active Bank Account Flag
   • Reason for Exit
3. The above changes ensure timely credit of APY Account closure proceeds to benefit the Subscribers.

Withdrawal Account File (WAC) is a system generated xml file which is used to provide fund transfer instructions to Trustee Bank.

Generation of common WAC file having data of all the redemption from the system – CRA, NPS Lite withdrawals as well as ERM. Earlier three WACs were generated – CRA, Lite and ERM.