Processing of Partial Withdrawal request
Public Notice – Processing of Partial Withdrawal requests in system latest by 31.12.2018
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the subscriber is no longer interested to seek partial withdrawal and the application / request will be considered as withdrawn.
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the subscriber is no longer interested to seek partial withdrawal and the application / request will be considered as withdrawn.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