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Toll Free Number -1800 889 1030 of Atal Pension Yojana (New NPS-CRA toll-free number 1800 210 0080. The old number will be discontinued shortly.) Go Paperless Opt for an Email Annual Transaction Statement Click Here for Aadhaar Seeding of APY Subscribers Are you interested in undergoing online training on NPS/APY(including central/state/autonomous body subscriber), if so please Click Here As per PFRDA guidelines, contribution payment in NPS Tier II A/c through Credit Card is not permitted. Use other modes of payment such as Net Banking/ Debit Card / UPI for contributing in Tier II. You can view your NPS Transactions in Consolidated Account Statement (CAS) shared by your Depository i.e. NSDL and CDSL. To add NPS Transactions in your CAS, Click Here.  

Scheme Preference & Investment Option in Tier I Account

1. Is the choice of Pension Fund and Investment Pattern available for Subscribers under Tier I?

As per Ministry of Finance Gazette Notification dated January 31, 2019, the Central Government Subscribers, from April 1, 2019, will have the option of selecting the Pension Funds (PFs) and Investment Pattern in Tier I account. A Subscriber can choose any one of the available PFs and Investment Option as per their choice. If the choice is not exercised by the Subscriber, NPS contributions will be invested in the existing schemes – LIC, SBI and UTI will act jointly as default PFs as per the guidelines issued by the Government of India/ PFRDA. For more details on ‘Investment Option’, please refer ‘Information on Scheme Preference’ available on CRA website (www.npscra.nsdl.co.in).

2. Is the choice of Pension Fund and Investment Pattern can be exercised at the time of registration under NPS?

Yes, a Subscriber is allowed to select the Pension Fund and Investment Pattern as per his/her choice at the time of registration under NPS. The Subscriber is required to provide the relevant details in the Subscriber Registration Form (CSRF).

3. What are the Investment Options available for Subscriber under Tier I?

The Subscriber can select any one of the following investment schemes:

If the choice is not exercised by the Subscriber, NPS contributions will be invested in the existing schemes - LIC, SBI and UTI as per the guidelines issued by the Government of India/ PFRDA. For more details on ‘Investment Option’, please refer ‘Information on Scheme Preference’ available on CRA Website (www.npscra.nsdl.co.in).

4. How can a Subscriber change a Scheme Preference?

There are two options available to the Subscriber – Online as well as offline.

Online: The Subscriber can change Scheme Preference online through his/her NPS account log-in. Subscriber can follow the simple steps as given below::

Alternatively, the Subscriber can also submit physical request (Form GOS-S3) to his/her associated Nodal Office. The form GOS-S3 can be freely downloaded from CRA Website. On receipt of physical request, the Nodal Office will update the Scheme Preference in the CRA system.

5. How many times a Subscriber can change ‘Scheme Preference’?

Yes. A Subscriber has the option to change the Pension Fund Manager. At present, the Subscriber can change the Pension Fund Manager once in a Financial Year.

6. What will happen to the contributions accumulated in NPS account till March 31, 2019?

The legacy contributions i.e. contributions accumulated in NPS account till March 31, 2019 will remain invested in the existing schemes – LIC, SBI and UTI will act jointly as default PFs as per the guidelines issued by the Government of India (GOI)/ PFRDA. Redemption and transfer of accumulated contributions will be carried out once guidelines and modalities are provided by GOI/ PFRDA.

7. Will there be any change in the Transaction Statement?

Yes. Transaction Statement will undergo a change for the PRANs having legacy contributions i.e. contributions accumulated in NPS account till March 31, 2019. For the Subscribers who have opted new schemes, the Investment details of the legacy schemes and of the new scheme will be shown in two separate tables in the Transaction Statement.

8. Whether Subscriber can select ‘Scheme Preference’ at the time of shifting to Central Government?

The Subscriber will have the option of selecting the Pension Funds (PFs) and Investment Pattern in Tier I account at the time of shifting to Central Government. The Subscriber is required to provide the relevant details in Inter Sector Shifting (ISS) Form.

9. Whether a Non-IRA Subscriber can change ‘Scheme Preference’ under NPS?

At present, Non-IRA Subscribers do not have the option of ‘Scheme Preference’ change. A Non-IRA Subscriber should first submit the physical registration form to become an IRA compliant Subscriber. Once he/ she becomes IRA, the Subscriber can change the Scheme Preference.

10. Is the choice of Pension Fund and Investment Pattern available for Subscribers under Central Autonomous Bodies (CABs)?

Currently, the Subscribers under the Central Autonomous Bodies( CABs) do not have the option of selecting Pension Fund and Investment Pattern under NPS. However, this option can be enabled based on the formal request received from respective CAB.

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