National Pension System Trust (NPS Trust) - Processing of Partial Withdrawal request
Public Notice - Processing of Partial Withdrawal requests in system latest by 31.12.2018
National Pension System Trust (NPS Trust)
Are you an NPS subscriber who has applied for partial withdrawal from PRAN but has yet to receive the funds?
If yes, please read and act upon the following message immediately:
An
NPS subscriber is permitted to make partial withdrawal for specified
purpose after three years of joining. If the subscriber has applied for
partial withdrawal, the completed hard copy form and documents are also
required to be submitted to the concerned nodal office for verification
and authorization. In absence of submission of the hard copy form and
documents to the nodal office, the online partial withdrawal request
will remain pending in the system and the subscriber will not receive
the funds.
As per advisories issued by the Pension Fund
Regulatory & Development Authority (PFRDA) on 06 December 2018, in
case of all partial withdrawal requests captured in the system till 30
November 2018, the required forms, information and documents need to be
submitted to the respective nodal offices immediately so that
verification and authorization can be completed latest by 31 December
2018. The nodal offices will be: Pay & Accounts Office (PAO) /
District Treasury Office (DTO) / Drawing & Disbursing Office (DDO)
for the government sector subscribers and Points of Presence (PoPs) for
subscribers in other sectors. If a request for partial withdrawal is not
authorized in the system by 31 December 2018, it will be treated that
the subscriber is no longer interested to seek partial withdrawal and
the application / request will be considered as withdrawn.
You
are therefore requested to liaise with your nodal office to ensure your
online partial withdrawal request, supported by hard copy application
and other documents, is duly processed by them well before 31 December
2018.
In case you face any issues with your nodal office in the
above matter, you can approach NPS Trust (along with your Permanent
Retirement Account Number - PRAN and your own & your nodal office's
contact details) via email: grievances@npstrust.org.in
Source: NPS Trust
