1. 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

2. 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

3. 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Up to 60% of total corpus can be withdrawn as lump sum & Minimum 40% to be used for Purchase of Annuity
If corpus is less than Rs. 2,00,000, the entire amount can be withdrawn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

4. 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Up to 20% of total corpus can be withdrawn as lumpsum & Minimum 80% to be used for Purchase of Annuity
If corpus is less than Rs. 1,00,000, the entire amount can be withdrawn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

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

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

9. Enter necessary details to get the corresponding pension amount

10. 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

11. 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 , SMS and Letter
List of Claim IDs awaiting action is available in Nodal Offices login

12. 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

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

14. To initiate withdrawal process, the user needs to go to

15. 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

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

18. Initiating the request

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

21. Enter the 12 digit PRAN of the subscriber

22. Select withdrawal option

23. 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

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

25. User needs to enter marital status

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

30. 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”

31. User need to select transaction type “Electronic”

32. 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.

33. Please enter subscriber bank IFS Code along with his/her email ID and PAN/Aadhaar number
ALLA

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

35. 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.

36. Click confirm button to submit nomination details

37. User need to select these two documents

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

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

40. Click on “Confirm” button

41. 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.

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