NPS Annuity and Lump Sum Deferment and Continuation of of Tier-II accounts

NPS Annuity and Lump Sum Deferment and Continuation of of Tier-II accounts

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
B-14/A, Chhatrapati Shivaji Bhawan,
Qutab Institutional Area,
Katwaria Sarai, New Delhi-110016.
Ph : 011-26517501, 26517503, 26133730
Fax: 011-265.17507
Website: www.pfrcia.org.in

CIRCULAR

Circular No. : PFRDA/2017/32/Exit/2

Date: 09.10.2017

Τo,
All stake holders – Government (Central/State), CABS/SABs / DTO/DTA / CDDO/PRAO /PAO/DDO, NPS Trust, CRA, Points of Presence (PoPs), Retirement Advisers

Subject: Guidelines on deferment of lump sum & annuity and continuation of Tier-II accounts under National Pension System (NPS)

The Authority has notified the PFRDA (Exits and Withdrawals from National Pension System) Regulations, 2015 on 11th May, 2015 &its first amendment on 10″ August 2017 and both are in force. This is in continuation of our circular no PFRDA/2016/13/Exit/06 dated 27-07-2016 which has provided clarification on various aspects of continuation of the NPS accounts.

To provide more clarity and better understanding of various provisions of deferment and Continuation of Tier-2 accounts as per regulations and operational guidelines We are issuing following guidelines related to deferment of lump sum & annuity and Continuation of Tier-2 accounts under NPS :

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Yours faithfully
(Venkateswarlu Peri)
Chief General Manager

Also Read : NPS Withdrawal Types and Benefits

Source : PFRDA