Capturing of Superannuation / Premature exit request by Nodal Office Online Withdrawal Process applicable from April 1, 2016 Capturing of Superannuation / Premature exit request by Nodal Office

Exit Process A subscriber can exit from National Pension System (NPS) Upon attainment of the age of 60 years (Retirement / Superannuation) At any time before attaining the age of 60 years (Premature Exit) Death of the subscriber

Superannuation Up to 60% of total corpus can be withdrawn as lump sum & Minimum 40% to be used for Purchase of Annuity If corpus is less than Rs. 2,00,000, the entire amount can be withdrawn Employer to stop deduction at least three months prior to the date of Superannuation

Pre-mature Exit Up to 20% of total corpus can be withdrawn as lumpsum & Minimum 80% to be used for Purchase of Annuity If corpus is less than Rs. 1,00,000, the entire amount can be withdrawn Applicable only after subscriber resigned from Government job

Annuity Quotes www.npscra.nsdl.co.in To get the Annuity Quotes, click here To view annuity quotes, visit our website www.npscra.nsdl.co.in

To view Annuity Quotes for various pension plans, “Click Here”

Enter necessary details to get the corresponding pension amount

Processing of Withdrawal Request in CRA system Process Flow Subscriber If rejected Online Withdrawal request & submission of documents Nodal Office Verification of Online Withdrawal request and authorisation of documents Processing of Withdrawal Request in CRA system Transfer of funds by Trustee Bank Subscriber

Initiating the request Claim ID is generated six months in advance for the subscriber who are attaining 60 years of age Claim IDs intimated to subscriber through Email, SMS and Letter List of Claim IDs awaiting action is available in Nodal Offices login

Required Document Subscriber has to submit following documents for processing of Withdrawal request Duly filled Withdrawal Form KYC Documents (ID Proof & Address Proof) Bank proof

This video demonstrates how Nodal Offices would capture a withdrawal request (Superannuation / Pre-Mature Exit) in CRA System to exit from NPS

To initiate withdrawal process, the user needs to go to https://cra-nsdl.com/CRA/

Enter your User ID and password Nodal Office has two user ID’s. One can be used to initiate the withdrawal request and the other to authorise withdrawal request

1001028800 **********

Initiating the request

Click on “Exit Withdrawal Request” Click on “Initiate Withdrawal Request” to initiate withdrawal request of subscriber

Enter the 12 digit PRAN of the subscriber 110051132967

Select withdrawal option

User needs to enter withdrawal percentage If the total corpus amount is below 2 lakhs at the time of retirement, subscriber can opt for 100% withdrawal User needs to enter withdrawal percentage 60 100 40

User needs to enter frequency. Kindly note for Govt User needs to enter frequency. Kindly note for Govt. subscriber, frequency should be monthly only.

User needs to enter marital status

User needs to enter Spouse Date of Birth & Gender Select ASP scheme

Verify the details entered by you and click “Proceed” to continue Verify the details entered by you and click “Proceed” to continue. In case user wish to edit any details, please click “Cancel”

User need to select transaction type “Electronic”

Nodal Office has to enter last drawn salary bank account details of subscriber Click “Edit” to change subscriber bank details if required. Subscriber withdrawal amount will be transferred to this bank account.

Please enter subscriber bank IFS Code along with his/her email ID and PAN/Aadhaar number ALLA0212162 sondhia@gmail.com

Click “Edit” button to enter/update subscriber nomination details

Enter nomination details such as Name, Relationship with nominee, Major/Minor, % Share and in case of minor, Guardian Name. Fields marked by * are mandatory Click “Add” button if subscriber wants to add additional nominees. Maximum 3 nominees can be added.

Click confirm button to submit nomination details

User need to select these two documents

User will click on “submit” button to complete subscriber withdrawal request

User to verify all the submitted details and then click on “Confirm” button

Click on “Confirm” button

Once the withdrawal request is captured successfully, an Acknowledgement Number will be generated. You can view and print subscriber withdrawal form by clicking on the highlighted link.

Thank you for viewing the demonstration. In case of any assistance, please contact CRA.