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RBE No.08 12021

GOVERNMENT OF INDIA (BHARAT SARKAR) MINISTRY O RAILWAYS (RAIL MANTRALAYA) FA (RAILWAY BOARD) No. 2016/F(E)I/1(1)/3

New Delhi, dated: o.02.2021. The GMs/Principal Financial Advisors, Ali Zonai Raitways/Production Units (etc), As per mailing list)

NENy oYaKAPA) Sub Ease of Partial withdrawal of NPS Subscribers through self declaration regarding.

A COpy of Pension Fund Regulatory and Development Authority (PFRDA)'s Ciroular No. PFRDA/2021/3/SUP-ASP/3 dated January 14, 2021 regarding ease of partiai withdrawal of NPS Subscribers through self declaration is enclosed for nfomation and compliance The instructions contained therein shall apply mutatis mutandis on Raiways also

ya Jutauamu

(G.Priya Sudarsani), Director, Finance (Est.),

Railway Board. DA: One.

2016/F(E)HI/1(1/3 New Delhi, dated: o1.02.2021. Copy to:-Deputy Comptro!ler and Auditor General of India (Railways), Room No.222, Rail Bhawan, New Deihi.

GKig For Member Finance/Railwaysale

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORTT 8.14A, Cahatracati Shiva Eraman

Qtub rst Utional Atoa,

KWaria Sra, vre Deh 110016

Ph 011-26517501, 2651 750? 261337

Fax 011 26517507

4 7 TOT 1-

10016 0:1 26517501, 265:7502, 26133730 01 26517507

e rdla org Wobste www.prda org

CIRCULAR

CIR No.: PFRDA/2021/3/SUP-ASP/3 Date: January 14, 2021

All Stakeholders under NPS

Sub: Ease of Partial withdrawai of NPS Subscribers through self - declaration

Presently. ail NPS Subscribers who have been under the NPS for three years Or tmore, are peinitted to ava non-refuncable partiaB withdrawal from their own

contributions to the extent of 25% up to three times for specified reasons (refer Annexure i) in PFRDA (Fxits and Withdrawat under the National Pension System) Reguiatiors 2015

2 As of novi, the eligibie Subscribers need to submit ther applicat on for partal wTItacdrawa. to he respective nodal officers/POPs along with the supporting documents ta suostantiate the reasons for their request for partial withdrawais

3 in order to ease the process of partial withdravwal and make it simple, online and paperiess n the interest of Subscribers, it has now been decided to allovw the

Subscibers to aliow partial withdrawa! based on 'self-declaration' and thereby doing away with the submission of supporting documents to substantiate the reasons for partia wt drawal

To further expedite lhe process and io ensure tmely payment of partiatly

witridiawn amount into the Subscnbers' bank account, the partal withdrawai requests Feceived onlne shail be directly processed in Centrai Record Keeping Agency CRA) system hereby dong away widh the authorization of the request at the levet of roda

offce POF

Ts iteraized process is however strengthened by effective due diligence witn techna 5. ogy etiabled instant Bank Account verifecation' through penny drop to dertf,

the heneiciary and the Subscriber's bank account In order o ensure paymen of

amourt into correct bank account number and righttut beneficiary CRAs shail be carving cut instant Bank Accouit Verifcatio through penny drop and the cost of the same shal ve bOne by the subsciDers. he process ot partial withdrawal based on

selt-declaraticn is provided al the Annexure i entrai Record Keeping Acencies

CRAS a accGIdngly 3dvised iO make this reature avalatle in their system at ihe

3i2 n he interest of Subscrbers

Page I of 4

The Subscribers shall also have the option for submitting partial withdrawal requcsts off line with 'self-declaration to the associated nodal officers/POPs. the prevalent practice but witnout any supporting documents to substantiate

reasons tor partiai wiihdrawal

nis circular is issued under Section 14 of PFRDA Act 2013 and is available

at PRDA's website (www.pfrda.org,.in) under the Regulatory framework and

rcular section of CRA under intermediaries.

K Mohan Gandhi

General Manager (k.mohangandhi@pfrda.org.in)

Page 2 of 4

Annexure

(Roasons of Partial Withdrawal) Reter Reg. 3 of PFRDA (Exit and Withdrawal) Regulations, 2015

igher education of his/her chiidren Marriage of his/her children Purchase or construction of residential house or flat reatment of specified illness such as Cancer, Kidney failure, Primary ulmonary Arterial Hypertension, Multiple Sclerosis, Major organ transpiant, Coronary Artery Bypass Graft, Aorta Graft Surgery, Heart Valve Surgery, Stroke, Myocardial Infarction, Coma, Total Blindness, Covid 19, Paralysis and Accident of serious/ife threatening. tor meeting expenses of skill development/re-skilling or any other self-

developrient activities or establishing his/her own venture or any start-up. To meet medical and incidental expenses arising out of the disability or

incapacitation suffered by the subscriber

VI

VI

Page 3 of4

Annexure

(Process of Partial withdrawai through self declaration)

a SubsCi ibers can subrmit the partial withdrawal request online/off-line to CRANCda

Office/PoPs, as the case may be b For online withdrawai-Login to CRA system using logn credentials.

C. Select Partial Withdrawal and the eligibie amount of partial withdrawal displayed.

D. Select the reasons for partial withdrawal in drop down option.

d. Furnish Self Declaration: "

submit the request for partial wilhdrawal and the

amoiunt thus withdrawn sthall be utilized for the purpose of declared reasons as

specificd by PFRDA exil regulations. am fully responsible and accouniaile to

spend the amount thus wittidrawn for the stated reason".

e. Check Bank Account Number which is non-editable mode.

f. Submit the request and authorize by using OTPs/ e Sign.

Enail and Mobile number need to be updated to authenticate using OTPs in case of

online mode

h. CRA executes partial withdrawal post "Instart Bank Account Verification" by penny

drop. The amount wil be received by the Subscriber on T+4th working day. T being the

date of online subrmission by Subscriber authorization by Nodal Office/POP (in

ofline mode)

No supporting documents are to be submitted in offline or online mode.

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