1. Withdrawal Process

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

3. Superannuation
Subscriber can withdraw a lump sum amount up to 60% of total corpus
If corpus is less than Rs. 2,00,000, the entire amount can be withdrawn
Remaining 40% needs to be used for buying an Annuity Scheme from Annuity Service Provider (ASP)
Subscriber can select any one of the available ASPs from whom he / she will get monthly pension

4. Premature Exit Subscriber should be in NPS for minimum 10 years
Subscriber can withdraw a lump sum amount maximum up to 20% of total corpus
Remaining 80% has to be used for buying an Annuity Scheme from Annuity Service Provider (ASP)

5. Premature Exit
If corpus is less than Rs. 1,00,000, the entire amount can be withdrawn
Subscriber can select any one of the available ASPs from whom he / she will get monthly pension

6. Annuity Service Providers
Annuity Service Providers empanelled are

7. Annuity Quotes
To get the Annuity Quotes, click here

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

11. Enter necessary details to get the corresponding pension amount

12. This video demonstrates how Subscriber would process a withdrawal request in CRA System

13. Prerequisite
In order to initiate withdrawal process, subscriber need to use his “Claim ID”
In case of Superannuation, 6 months before subscriber’s attaining 60 years of age, CRA intimates “Claim ID” to the subscriber through SMS, and letter
In case of Premature Exit request, subscriber can generate Claim ID by visiting his POP
1-32

14. To initiate withdrawal process, subscriber needs to go to

15. Enter your 12 digit Permanent Retirement Account Number (PRAN) as User ID & IPIN as your password

16.
**********

17. Click on “Exit Withdrawal Request”
Click “Initiate Withdrawal Request” to initiate your withdrawal request

19. Select withdrawal option “Superannuation” or “Premature Exit”

20. Subscriber 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
Subscriber needs to enter withdrawal percentage 60
100 40

21. User needs to enter frequency for annuity

22. User needs to enter marital status

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

27. 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”

28. User need to select transaction type “Electronic”

29. Click “Edit” to change subscriber bank details if required
Click “Edit” to change subscriber bank details if required. Subscriber withdrawal amount will be transferred to this bank account.

31. Please enter subscriber bank IFS Code along with his/her mobile no, email ID and PAN/Aadhaar number
ICICI000001

32. Click “Edit” button to enter/update your nomination details

33. Enter your 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 you want to add additional nominees. You can add upto 3 nominees.

34. Click confirm button to submit your nomination details

35. All non Government subscribers need to submit original PRAN Card, Cancelled Cheque along with Identity and Address proof from the given list of documents

36. After selecting Identity and Address proof, you can click on “submit” button to complete your withdrawal request

37. You can verify all the submitted details and then click on “Confirm” button

39. Click on “Confirm” button

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

42. After successful Submission
Print the form, paste photograph & sign across photograph for self attestation and submit the Form to respective POP
Subscriber also needs to submit all KYC documents

43.
Subscriber needs to affix latest coloured photograph and sign across the photo for self attestation. Please ensure your signature matches with CRA records.

45. Subscriber has to sign within the Box
Subscriber has to sign within the Box. Please ensure your signature matches with CRA records.

46. POP/POP-SP has to authorize the form along with the submitted KYC documents

48. Dinesh Singh Dalvi
Ashwin Kumar Limaye
Geeta Colony, Bhuvaneshwar
Geeta Colony, Bhuvaneshwar
Please affix revenue stamp and sign across
Witness details are mandatory. Please fill Name, Address and Signature of 2 witnesses.
Submit the form to your POP and collect the Acknowledgement

50. Subscriber is required to submit physical withdrawal form along with required document to his/her POP for processing of withdrawal request.

51. Thank you for viewing the demonstration.
In case of any assistance, please contact your POP