National Pension Scheme

National Pension Scheme

[Defined Contributory Pension Scheme]

This is oblivious question in mind of employees that- what NPS (New Pension Scheme) is?

Let’s go in detail:

This covers all the employee appointed on or after  1st April 2010. NPS Governing body is the same which is working for employee of central government.

Banks looks after transfer of fund from employees to pension fund managers as per guideline from Pension Fund Regulatory and Development Authority (PFRDA)

Every employee have to submit form to HRM(Human Resource) Management section) or personnel section, then HRM section look after it and get them Permanent Retirement Account Number(PRAN)

Following are necessarily required (Documents etc) for PRAN

·         Application Form-As Given by HRM

·         Photograph-(3.5*2.5) cm

·         DOB (Date of Birth) Certificate [Xerox]

·         Signature- Wherever required

·         PAN-Permanent Account Number [Xerox]

·         Nomination

·         Other  requirement may vary as per organisation