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Central Recordkeeping Agency Workshop for PAOs/CDDOs

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Presentation on theme: "Central Recordkeeping Agency Workshop for PAOs/CDDOs"— Presentation transcript:

1 Central Recordkeeping Agency Workshop for PAOs/CDDOs
WELCOME TO CRA Central Recordkeeping Agency Workshop for PAOs/CDDOs CRA-NPS 1

2 Registration of Nodal Offices and
Session I NSDL Overview of CRA & Registration of Nodal Offices and Subscribers CRA-NPS

3 Taking through the session
NSDL About NSDL New Pension System (NPS) NPS Architecture Functions of CRA Role of Nodal Offices Legacy Data and Registration of Nodal Offices and Subscribers CRA-NPS

4 About NSDL First Depository in India-promoted by IDBI, UTI and NSE
First Depository in India-promoted by IDBI, UTI and NSE NSDL credentials Managing large data base and centralised record keeping Wide network through Point of Services Volume handling Handling National Level Projects Tax Information Network for Income Tax Dept. Appointed as the Central RecordKeeping Agency by PFRDA for Government of India CRA-NPS

5 Features of NPS NSDL Departure from Defined Benefit towards Defined Contribution System Registration- Unique & Portable Permanent Retirement Account Number (PRAN) Tier I and Tier II Contributions Multiple funds and scheme options Annuity at retirement CRA-NPS

6 NPS Architecture NSDL PFRDA NPS Trust Fund Flow Trustee Bank BOI
PFRDA Oversight Mechanism NPS Trust Trustee Bank BOI Fund Flow Custodian (SHCIL) N P S C A PFM (SBI) PFM (UTI) PFM (LIC) PAO/CDDO CRA (NSDL) NAV NCDDO Over Internet Annuity Service Providers Subscriber Information Flow CRA-NPS Funds Flow

7 Functions of CRA Registration of entities in the CRA system
NSDL Registration of entities in the CRA system Issuance of unique PRAN to Subscribers Contribution Accounting Issuance of PRAN Transaction Statement Providing various services to the Subscribers and different entities in NPS Grievance Resolution Reporting to PFRDA CRA-NPS

8 Role of Nodal Offices NSDL Registration of the Nodal offices and Subscribers Uploading Subscriber’s monthly contribution details to CRA (SCF) Transfer of contribution funds to Trustee Bank Updation of Subscriber Requests Grievance raising and resolution CRA-NPS

9 Migration of legacy data Registration of Nodal Offices and Subscribers
NSDL Migration of legacy data and Registration of Nodal Offices and Subscribers CRA-NPS

10 Migration of legacy data-upto March 31, 2008 -------- process
NSDL PAO wise legacy data upto March 31, 2008 submitted by PrAO Details received from PrAO Covering letter Annexure II –in physical form containing details for Registration of the PAOs as well as details about transfer of funds to Trustee Bank Table I – in electronic format for registration of DDOs and Subscribers Intimation to PAO by CRA PAO registration number, DDO registration number, PRAN of the Subscribers, I-PIN and T-PIN for PAO to access CRA system, NPSCAN and IVR system are intimated to PAO Fund Posting to Subscribers’ account on receipt of fund confirmation from Trustee Bank CRA-NPS

11 Major Discrepancies DDO Codes does not exist in CGA Directory
NSDL DDO Codes does not exist in CGA Directory PAO-DDO mapping not does not exist in CGA Directory Incomplete PAO Postal Address provided PAO Official Address not provided Sum of Subscribers Contribution & Govt. Contribution does not match with Total Contribution. UTR No./Cheque Details not provided/incomplete. Total Number of Subscribers not matching with Annexure - II CRA-NPS

12 Second tranche of Legacy data -April 2008 to the cut off date
NSDL Direct electronic upload in NPSCAN by PAO PAO registered with CRA I-PIN provided by CRA Data pertaining to all underlying CDDOs and NCDDOs File similar to Table I along with Fund transfer details File format will be provided later CRA-NPS

13 Second tranche of Legacy data --Points to remember--
NSDL PRAN generated by CRA to be mentioned PPAN to be mentioned for employees joined after March 31, 2008 Fund transfer details Change in DDO-PAO mapping Allotment of multiple PPAN CRA-NPS

14 Registration process of Nodal Offices
NSDL Oversight Mechanism - On basis of physical forms- Annexure N1 to CRA PAO -On basis of physical form -Annexure II to CRA DDOs CDDO On the basis of physical forms-Annexure N2 & N3 NCDDO-PAO Though initially registered on the basis of electronic data, complete registration on the basis of physical forms-Annexure N3 authorised by PAO. NCDDO-CDDO Though initially registered on the basis of electronic data, complete registration on the basis of physical forms-Annexure N3 authorised by CDDO. CRA-NPS

15 Nodal Office Registration
NSDL Allotment of Unique Registration Number by CRA Intimation of registration number by CRA Issue of I-Pin & T-Pin for accessing NPSCAN/CRA and IVR facility Standard Operating Procedures/Utility at CRA website for using NPSCAN/CRA CRA-NPS

16 Access to NPSCAN & CRA Single sign-on for both NPSCAN & CRA
NSDL Single sign-on for both NPSCAN & CRA Two different I-Pins without any hierarchy Nodal office to identify at least two officials for assigning I-Pins Core personal data and other details to be modified using Maker-Checker concept First time login – Accept online terms and conditions Set secret question CRA-NPS

17 Registration Hierarchy
NSDL PAO/CDDO Registration Nodal offices centrally registered at CRA DDO Registration Subscriber Registration Subscribers will be mapped to DDOs, DDOs will be mapped to PAOs/CDDOs CRA-NPS

18 Subscriber Registration
NSDL Form S1 to be submitted by Subscriber in duplicate Photograph & Signature/Thumb impression of Subscriber No supporting documents required DDO to provide employment related information Certification of details by DDO For Subscribers even though the PRAN has been generated, the physical form has to be submitted for the purpose of issuance of PRAN card CRA-NPS

19 Understanding Subscriber Registration Form
NSDL Form S1 – Application for allotment of PRAN Details of the form Section A – Personal Details (Mandatory- excluding bank details) Section B – Employment Details (Mandatory) Section C– Nomination Details (Optional) Section D– Scheme Details (Optional) Section E – Declaration for I-Pin, T-Pin Each Section has mandatory and optional fields CRA-NPS

20 Subscriber Registration – Complete Process Flow
NSDL Subscriber 1. Submission of Form 9. PRAN kit 2. Verification of details, provide employment details, Consolidation and Submission PAO/CDDO DDO DDOs 8. DDO packets 4. Generate PRN and/or Rejection Letter 3. Submission of forms 7. Generation & dispatch of PRAN card, I – Pin & T - Pin CRA 5. Scanning & digitization of Forms CRA-FC 6. Verification through FVU and Upload 10. Data Download NPSCAN CRA-NPS

21 Central Recordkeeping Agency, NSDL Trade World, ‘A Wing’, 4th Floor
Contact at: Central Recordkeeping Agency, NSDL Trade World, ‘A Wing’, 4th Floor Kamala Mills Compound, S. B. Marg Lower Parel, Mumbai Tel. No Fax No id : Website: CRA-NPS

22 CRA-NPS


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