This presentation provides an overview of India's new pension scheme for government employees, including railway employees, who joined service on or after January 1, 2004. Some key points: - The new contributory pension system (NPS) requires employees to contribute 10% of their salary each month, which is matched by the government. Contributions are invested in schemes managed by pension fund managers. - The NPS has two tiers - Tier 1 is a non-withdrawable pension account and Tier 2 is an optional withdrawal account with no government matching. - At retirement, at least 40% of the pension wealth in Tier 1 must be used to purchase an annuity to provide a lifetime pension.

1. 11
PRESENTATION ON
NEW PENSION
SCHEME
Presented By:
MOHANDAS P
Asst. Professor(PM),
National Academy of Indian Railways
Vadodara

2. 2
Objective & Reference
To be made aware about
various features of the New
Pension System including the
facilities available to becoming
IRA or non-IRA compliant.
Ref: WR HQ L.No.E(NPS)774/0
dated 09.12.2010 (PS-172/2010).
2

3. 3
New Pension Scheme-Orders
 New pension scheme introduced in Central
Government services including Railway service vide
Finance Ministry (Department of Economic Affairs)
Gazette notification No. 5/7/2003-ECB&PR dated
22.12.2003 (Sr.No.5 in section 1).
 Existing Railway Service (Pension) Rules, 1993
including Commutation of Pension Rules &
Extraordinary Pension Rules and State Railway
Provident Fund Rules contained in IREC, Vol.I(1985
Ed)(1995 reprint) shall not be applicable to new
recruits entering in railway from 01.01.2004.(Ref:
R.B.L.No.F(E)III/2003/PN1/24 dated 31.12.2003 (RBO
225/2003)
3

4. 4
NPS Type & Effective
It is called contributory
pension system.
Effective from
01.01.2004 & onwards
recruited employees
4

5. 5
Salient Feature of
New Pension System-1
 Based on defined contribution – which will use the existing network of
branches and post office etc., to collect contributions and interact with
participants allowing transfer of the benefits in case of change of
employment and offer a basket of pension choices.
 System is mandatory for all Govt. employees who join on after 01.01.04.
 It has two Tiers i.e. Tier-I & Tier-II
 In Tier-I, Govt. employee shall make compulsory Contribution @ 10% of
salary
 (Basic pay ) + DA & matching contribution will be made by Govt
(investment) for other than running & doctors.
 (Basic pay + 30% Running Allowance) + DA & matching contribution will
be made by Govt (investment) for running staff.
 (Basic pay) + DA +NDA & matching contribution will be made by Govt
(investment) for Doctors.
 From 01.04.2004 to 31.12.2005 contribution @ 10% of salary (Basic pay) +
DP + DA +NDA
5

6. 6
Salient Feature of
New Pension System-2
 From 01.01.2006 contribution @ Band Pay + grade pay + DA +
NPA (if admissible).
 The contribution + investment deposited in non-withdrawal
pension Tier-I account.
 Existing benefit of pension/SRPF/GPF not available to new
recruits on or after 01.01.2004.
 Tax benefit allowed on Tier-I only for contribution, accruals but
terminal benefits will be taxed at applicable rate of financial year.
 Tier-II is withdrawal account on option of Govt. employee & no
any contribution in this account from Govt. In Tier-II, Govt
employee is free to withdraw part or whole of the money any
time. Tax benefit not allowed.
 A govt. employee covered under new system can exist at or after
attaining the age of 60 yrs from Tier-I.
6

7. 7
Salient Feature of
New Pension System-3
 At exist from Tier –I :
 At the age of 60 years: it is mandatory for
individual to invest 40% of the pension wealth
to purchase an annuity from IRDA (Insurance
Regulatory & development Authority) Which
will provide for pension for the life time of the
employee and his dependent parents/spouse at
the time of retirement.
 Before attaining the age of 60 years: the
mandatory annuitisation would be 80% of the
pension wealth.
7

8. 8
Salient Feature of
New Pension System-4
 On death cases: own contribution + Government
investment + interest @ 8% p.a. on both (i.e. own
contribution + Government investment) to be paid to the
legal heirs.
 If employee die or become permanently disabled
during service then he is eligible for Additional
Relief on death/disability of Government servants
covered by the NPS(New Pension Scheme)
recruited on or after 1.1.2004 for provisional
pension; gratuity etc.,(No. 38/41/06/ P&PW(A) dtd
5th May, 2009)(PS-RBA-31/2009 No. 2008/AC/II/21
/19 dtd 29.05.2009).
8

9. 9
Salient Feature of NPS-5
 An independent Pension Fund Regulatory and
Development Authority (PFRDA) will regulate & develop
the pension market.
 Contribution deduction shall be effected from 1st of the
following month of recruitment. No deduction in
recruitment month.
 Immediately on joining service, bill preparing officer will
prepare service sheet & fill up PPAN / PRAN (Permanent
Pension/Retirement Account Number) form (S1) &
submit to Associate Account for allotment of PPAN /
PRAN number within month time. PRAN allotting
authority is PFRDA / NSDL. PRAN (S1) form is to be
attach with Service Sheet/book which comprise of
nomination also. 9

10. 10
Salient Feature of NPS-6
 PRAN is unique number allotted to each employees
remain same for change of employment also.
 All details of your contribution & govt. share &
investment details, latest balance etc can be seen on web
site with the help of PRAN (With I-Pin & Pass word).
 FA&CAO i.e. nodal officer of zone & Dy.CAO i.e. nodal
officer of HQ office is made responsible for issue suitable
instruction at local levels.
 16 digit PPAN is to be allotted for contribution of
employee & government share by associated account.
 Associate account officer will maintain Index register
which indicates name of employee, DOB, designation,
name of office, pay band, grade pay, and nominee of
pension fund & PRAN/PPAN at the time of recruitment.
10

11. 11
Salient Feature of NPS-7
 Bill Unit will advise PRAN(12 digits number)/PPAN
(16 digits number ) to concern employee first time.
 Separate pay bills for Old & NPS as per today’s system.
 Interest rate of GPF time to time is applicable to NPS
till set up of system & then based on options/returns.
 On transfer & change of job: balance transferred to
new unit/employer, PRAN number & up to which
month contribution made is to be advised only.
 Tier-I can leave in case of resignation/left government
service only. Now can be continue in others services.
 Tier-I contribution can be continue after age of 60 yrs
but government investment will be ceased on reaching
at age of 60 yrs.
11

12. 12
Salient Feature of NPS-8
 RPF staff also governs under NPS from 01.01.2004.
 Compassionate ground appointment is also available
to NPS govern staff as it is govern by other rules.
 From date of regularization in service, Contribution
started.
 Contribution on Arrear of DA & Pay is also permissible
in new NPS.
 PRRDA will decide about nominee & beneficiaries of
NPS for pension to spouse & dependent parents. (Ref:
RBE-05/2004 L.No. E(NG)II/2004/CL/16/Policy dated
17.09.2004 ; RBE-21/2004 L.No. 2004/AC-II/21/1 dated
22.06.2004 & RBA-39/2006 L.No. 2004/AC-II/21/1
dated 01.08.2006).
12

13. 13
Salient Feature of NPS-9
 Leave encashment is admissible similar as existing rules
as this is govern under leave rules (RBE-21/2004 & RBA-
19/2004 Bd’s No. 2004/AS-II/21/1 dated 22.06.2004).
 Retirement gratuity is admissible to NPS (RBA-39/2006
Bd’s No. 2004/AC-II/21/1 dated 01.08.2006)
 Counting of half period/length of qualifying service for
the purpose of retirement in case of substitute &
temporary is no more useful due to NPS. (RBE-205/2004
& Bd’s No. E(NG)II/2004CL/16/Policy dated 17.09.2004).
 NPS not applicable to substitute & monthly rated casual
labour unless they are regularised. (RBA-43/2004 Bd’s
No. 2004/AC-II/21/1 dated 19.11.2004).
13

14. 14
Salient Feature of NPS-10
 Employee recruited prior to 01.01.2004 as Apprentice &
absorbed or accepted new appointment by giving
technical resignation as on or after 01.01.2004 is governed
under old pension system. (RBE-163/2005 Bd’s No.
F(E)III/2005/PN1/35 dated 26.09.2005 & F(E)III/84/PN1/4
dated 08.04.1985).
 A military personnel who have been re-employed in civil or
railway service on after 01.01.2004 as fresh appointees will
be governed under NPS (RBA-40/2006 Bd’s No. 2004/AC-
II/21/1Pt.II dated 04.08.2006).
 CENTRAL GOVERNMENT EMPLOYEES WELFARE
HOUSING ORGANISATION (CGEWHO) –NPS employee
is also eligible Para 4 (vii) of Greater Noida Housing
Scheme Rules/Brochure.
14

15. 15
NPS & Instructions related
website
Instructions is also uploaded
on the Railway website at
www.indianrailways.gov.in 
Railway Board Directorates
 Accounts  NPS.
www.npscra.nsdl.co.in
15

16. 16
PPAN allotment system
 Allotment of Permanent Pension Account Number to
Railway Employee appointed as on 1.1.2004 & onwards
(16 digit number issued by Associated Account)
 (From left to Right)
 1st to 04th digits - Calendar Year of allotment
 05th digit - Ministry code by CGA - 5 for Railway
 6th to 8th digits - Zone / PUs code-0 + existing Rly code
 9th to 11th digits - Associate account code by FA&CAO
 12th to 16th digits - Employee code starting from 00001
running from January to December
16

17. 17
IRA Complaint Subscriber
A subscriber who has registered by
duty filling up the Subscriber
Registration Form (S1) and whose
address, photograph and signature are
maintained in Central Recordkeeping
Agency (CRA) system is termed as IRA
Complaint subscriber. These
subscribers have a PRAN Card issued
by CRA.

18. 18
Subscriber who is not
having any PRAN Card is
termed as Non-IRA
Compliant subscriber.
18
Non-IRA Complaint
Subscriber

19. 19
PRAN CARD To IRA Complaint Subscriber
 CRA issues a PRAN Card to all IRA compliant
Subscribers which contain PRAN, subscriber's name,
father's name, photograph and signature / thumb
impression.
 Copy of PRAN Card eliminates the requirement of proof
of identity, proof of address and proof of age during Tier
II activation.
 Copy of PRAN card is mandatory for withdrawals from
Tier II account
 in case of internal transfers within different
departments, PRAN card allows the nodal office to start
monthly contribution upload before receipt of Last Pay
Certificate (LPC).
19

20. 20
SMS and E-mail Alerts
To IRA Complaint Subscriber
 IRA compliant subscribers can register their mobile
number and email id in CRA system and avail the facility
of SMS and E-mail alert.
 Whenever a contribution is credited in the NPS account
SMS and email alerts are sent to the subscriber.
 The facility is a available for both Tier-I and Tier-II
account
 Alerts corresponding to contribution in Tier-I help
subscribers to keep a track of monthly contributions.
 CRA does not charge anything for the SMS and E-mail
alert. This value added service is absolutely free.
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21. 21
I-PIN To IRA Complaint Subscriber
CRA issues I-PIN to all IRA compliant subscribers which can be used
by them for the following.
 Access the CRA system and check the account details like address,
bank account details and nomination details for both Tier -I and Tier-
II .
 Subscribers can generate statement of holding for both Tier -I and
Tier -II which given them the latest valuation of their total
investment.
 Subscribers can generate Statement of Transaction for the last three
financial years including the current financial year for both Tier -I and
Tier -II accounts.
 Subscribers can track the credit of monthly contribution into their
Tier -I account.
 Subscribers can register a complaint is raised, system generates a
token number which can be used later on to track status of the
complaint.
21

22. 22
T-PIN To IRA Complaint Subscriber
CRA also issues T-PIN to all IRA compliant subscribers
which can be used by them to speak to out customer
service executives at our Toll-free helpline 1800 222 080
for any query or complaint. They can also use the same T-
PIN to access the Interactive Voice Response (IVR) system
and avail the services listed below:
 Change of T-PIN
 Check holding details
 Check the status of any scheme preference or account
details change request
 Check details of last contribution credit
 Check details of last withdrawal request (for Tier II only)
 Request for Statement of transaction for last 3 financial
years
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23. 23
Yearly Statement of Transaction
To IRA Complaint Subscriber
 For IRA compliant subscribers, Annual Account
Statements are sent directly to the subscriber's
registered address.
 But for non-IRA compliant subscribers, the
statement is sent to the concerned PAO.
 The Annual Account Statement also contains the
details all the changes such as change in
nomination etc., happened in the account during
that period.
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24. 24
How to become an
IRA Compliant Subscriber
 If you are still not an IRA Compliant subscriber, please
submit a duly filled S1 from to your DDO.
 The form will be forwarded to a CRA – Facilitation
Centres after authorisation by the concerned PAO.
PRAN will be generated and the PRAN card will be
printed and despatched to the concerned PAO within
20 days from the date of receipt of duly filled
registration form at the CRA – Facilitation Centre.
 It is expected in the next 15 days the PAOs will ensure
that the PRAN cards are provided to the DDOs for
onward distribution to the subscribers.
24

25. 25
NEW PENSION SYSTEM
 Government of India has started the New Pension
System (NPS) in 2004.
 As a subscriber of NPS, you enjoy various facilities
and rights including online access to you account,
annual statement of transaction, portability
across jobs and locations, platform to raise
grievance etc.
 Under NPS two types of accounts are available
(a) Tier - I account
(b) Tier – II account
 Tier I account for employees joined service on or
after January 1, 2004
25

26. 26
NPS Conditions
 All who have joined service in Railways on or after January 1,
2004, are mandatorily covered under NPS.
 Your monthly contribution towards pension is deducted
from your salary. Monthly deduction along with your
employer's contribution is being invested in schemes of
three PFMs as decided by PFRDA.
 These PFMs in return allot units which are credited in your
Permanent Retirement account (PRAN) referred to as Tier I
account.
 At present, at least 85% of your pension wealth is invested in
debt instruments and up to 15% in equity and equity
linked mutual funds.
 Any subscriber in NPS having an active Tier-I account has
the option to open an investment and trading account
referred to as 'Tier-II account'
26

27. 27
TIER II Account
 Tier II is a Pension Savings Account, with a facility for withdrawal
to meet financial contingencies.
 Interfacing entity for Tier II account
 PFRDA has appointed various banks and financial institutes as
Point of Presence – POP (similar to a PAO for your Tier I account).
The registered branches of the POP are termed as Point of
Presence Service Provider – POPSP (similar to a DDO for your
Tier I account). The list of POPSPs and ktheir contact details are
available in CRA website www.npscra.nsdl.co.in.
 Once you submit your Tier II activation request to a POP-SP, it
becomes your associated POP-SP. For any request related to Tier
II account, you need to contact your associated POPSP. However,
you can submit your request for contribution to any POPSP of any
POP.
 At present there are more than 4000 POP-SPs located across the
country.
27

28. 28
Opening a Tier II account
 Tier II account is a voluntary saving
facility wherein the withdrawal is as per
subscriber's choice. Any government
employee who is mandatorily covered
under NPS can activate the Tier II
account by submitting duly filled from
UOS-S10 along with the copy of PRAN
Card and initial contribution of
Rs.1000/- to any POP-SP.
28

29. 29
Key features of Tier II account
 You can enjoy unlimited number of withdrawals depending upon
your requirements. The only criteria is that you have to maintain
a minimum balance of Rs.2000 at the end of Financial Year i.e., as
on March 31st
 Minimum amount for contribution is Rs.250/- and minimum
04 contributions to be made in a financial year.
 Separate nomination details and scheme preference at possible for
Tier II
 Contributions can be made through any POP/POP-SP
 You can access your account details through internet and
telephone using the same I-PIN and T-PIN received for Tier I
account
 You can have a consolidated account statement for Tier -I and
Tier-II
 For Tier -II account, no additional CRA charges for annual
account maintenance
29

30. 30
Choice of fund managers
NPS offers you a choice of six fund managers as well as two
approaches to invest in your account
Scheme Preference :
 NPS allows you to choose from any one of the following six
entities to manage your pension fund :-
(1) ICICI Prudential Pension Funds Management Company Ltd
(2) IDFC Pension Fund Management Company Limited
(3) Kotak Mahindra Pension Fund Limited
(4) Reliance Capital Pension Fund Limited
(5) SBI Pension Funds Private Limited
(6) UTI Retirement Solutions Limited
 The NPS offers you two approaches to invest in your account :-
(a) Active choice – Individual Funds
(b) Auto choice – Lifecycle Fund
30

31. 31
Active choice–Individual Funds
You will have the option to actively decide as to how your NPS
pension wealth is to be invested in the following three options :
 E- "High return, medium risk " – investments in predominantly
equity market instruments
 C -"Medium return, medium risk“ –investments in predominantly
fixed income bearing instruments
 G -"Low return, Low risk" – investments in purely fixed
income
instruments.
 You can choose to invest your entire pension wealth in C or G asset
classes and up to a maximum of 50% in equity (Asset class E). You
can also distribute your pension wealth across E, C and G asset
classes, subject to such conditions as may be prescribed by PFRDA.
 In case you decide to actively exercise your chose about investment
options, you shall be required to mandatorily indicate your choice
of Pension Fund from among the six Pension Funds appointed by
PFRDA. 31

32. 32
Auto choice – Lifecycle Fund
 NPS offers an easy option for those participants who do not with
a specify the allocation for their NPS investments. In case you
are unwilling to exercise any choice, your funds will be invested
in accordance with the Auto Choice option. You will, however, be
required to indicate your choice of PFM. In case you do not do
so, your form shall not be accepted by the POP-SP.
 In this option, the investments will be made in a life-cycle fund.
Here, the percentage of funds invested across three asset classes
will be determined by a pre-defined portfolio. At the lowest age
of entry (18 years), the auto choice will entail investment of 50%
of pension wealth in "E" Class, 30% in "C" Class and 20% in "G"
Class. These ratios of investment will remain fixed for all
contributions until the participant reaches the age of 36. From
age 36 onwards, the weight in "E" and "C" asset class will decrease
annual and the weight in "G" class will increase annually till it
reaches 10% in "E", 10% in "C" and 80% in "G" class at age 55. The
details of the asset allocation with respect to age is given in table
in next slide.
32

33. 33
Table for Lifecycle Fund
 Neither the Active Choice nor the Auto Choice provides assured returns.
 While exercising an Active Choice, remember that your investment allocation is one of
the most important factors affecting the growth of your pension wealth. Please refer
to the offer document for details on the risk involved.
33
Age Asset
Class - E
Asset
Class - C
Asset
Class - G
Age Asset
Class - E
Asset
Class - C
Asset
Class -G
up to 35 years 50 % 30 % 20 % 46 years 28 % 19 % 53 %
36 years 48% 29% 23% 47 years 26 % 18 % 56 %
37 years 46 % 28 % 26 % 48 years 24 % 17 % 59 %
38 years 44 % 27 % 29 % 49 years 22 % 16 % 62 %
39 years 42 % 26 % 32 % 50 years 20 % 15 % 65 %
40 years 40 % 25 % 35 % 51 years 18 % 14 % 68 %
41 years 38 % 24 % 38 % 52 years 16 % 13 % 71 %
42 years 36 % 23 % 41 % 53 years 14 % 12 % 74 %
43 years 34 % 22 % 44 % 54 years 12 % 11 % 77 %
44 years 32 % 21 % 47 % 55 years &
Above
10 % 10 % 80 %
45 years 30 % 20 % 50 %

34. 34
Transactions in Tier II Account
34
Transactions Description
Contribution You can contribute a minimum amount of Rs.250/- and the contribution request in
NPS Contribution Instruction Slip can be deposited to any POP-SP.
Minimum number of contributions in a year is 04; however minimum of only 01
contribution is mandatory in case a subscriber joins in the last quarter of a financial
year.
There will be a time lag between the time you deposit Cash/ Cheque / Demand Draft
with the POP-SP and the time of credit of units to your Tier II account which may
rang up to 7 working days contribution.
Withdrawal At any given point of time you can avail withdrawal facility. The accumulated units in
your account can be withdrawn as per your requirement. The steps for withdrawal from Tier
II account is given below :
You are requested to submit a written request (Form-UOS-S12, available at the CRA website
www.npscra.nsdl.co.in) to the POP-SP with whom you are associated.
The correct details and the type of withdrawal (partial/complete) needs to be mentioned
in the request form (Form-UOS-S12)
Redemption (units withdrawal) will happen on T or T+1 depending on authorization of
request before or after 1.30 pm. T being the date of execution of your request by the POP-SP.
Latest available NAV will be considered for units' redemption. On T+3, funds will
transferred to the bank account of Trustee.
Bank which will transfer the funds to your registered banks account provided by you
during Tier-II activation.

35. 35
Transactions in Tier II Account
35
Change of
Subscriber
details
You can change nomination details and bank
details by submitting a duly filled UoS-S2 form to
the associated POP-SP
Change of
POP / POP-
SP
You can change the associated POP-SP by either
submitting a request to the POP-SP to whom the
account is mapped or by submitting a request to
the new POP-SP to whom you want the account to
be associated with.
Change of
Scheme
Preference
You can switch from one option (PFMs,
Investment approach and asset allocation) to
another, but such transaction can be made only
once a financial year.

36. 36
Charges for Tier II
 The transaction charges of CRA as well as the POP charges
are same as of Tier I Account as given below :
* plus applicable taxes
36
Intermediary Charge head Charges
(Rs.)
Mode of
recovery
CRA A/C Opening
Charge & AMC
Nil Through
cancellation of units
on a quarterly basis.
CRA Charge Per
transaction
6* Through
cancellation of units
on a quarterly basis.
POP (Maximum Permissible
Charge for each Subscriber)
Charges for Tier
II activation
20* To be collected
upfront
POP (Maximum Permissible
Charge for each Subscriber)
Charge Per
transaction
20* To be collected
upfront

37. 37
Employees joined before
January 1, 2004 – Option of NPS
 If you have joined service in Railways before January 1, 2004,
you are not mandatorily covered under NPS. Nevertheless you
can join NPS on your own under "All Citizens of India" through
any ; Point of Presence Service Provider (POP-SP). At the time of
joining, you can open only Tier I a/c or both Tier I & Tier II
account together. The feature for your Tier I account will differ
from those who joined service on or after January 1, 2004.
However, all the features as mentioned above for Tier II account
will be available to you. For details of the features of your Tier I
account, please refer to the Offer Document for "All Citizens of
India" on website http://www.npscra.nsdl.co.in. The forms, list of
POP-SPs and their contact details are also available in website.
 No. E(NPS) 774/0 dated 29.11.2010 P.S.No.172/2010 Railway
Board's letter No. 2009/AC-II/21/6 dt.25.10.2010 (RBA No.31/2010).
37

38. 38
:
Subscriber Login
 User ID
 Pass word
Submit Reset
Forget password ?
 Check Grievance Status
 Check Status using Receipt Number
 Help/ Instruction for login
38
Pleas enter your 12 digit
PRAN Number

39. 39
Change pass word
First time / Expired
 Your Password has expired. Please change your password.
* Mandatory Fields
Current Password *
New Password *
Confirm New Password *
Submit Reset
39

40. 40
Welcome to Subsciber
40
 Security Change Password Change
Secret Q/A
 Account Details Personal Details
Statement of Transaction - T2
 Grievance Log Grievance Request
Grievance Status View
 Views Scheme NAV Details Request
Status - View Subscriber Tier-2 Details
Statement of Transaction Pre Unitization
SOT
 User Maintenance Request Status View
Welcome subscriber 110020924603 XX-YYY-ZZZZ Home / Logout

41. 41
Details of Drop box issues
 Security ----.1. Change pass word
 2. Change Secret Q/A
 Account details (click) 1. Personal details
 2. Statement of transaction
 Subscriber Details:
 PRAN 110020924603 [Status: Active ] PAN ACIPY0936F
 Name SHRI RITESH RAJENDRAPRASAD YADAV Father's Name RAJENDRAPRASAD SUKHURAM YADAV
 Gender Male Date of Birth 21-Jun-1986
 Correspondence Address B-21 , JANPATH NAGAR , Permanent Address B-21 , JANPATH NAGAR ,
(Communication Address) DANTESHWAR DANTESHWAR, PRATAPNAGAR ,
 PRATAPNAGAR, VADODARA VADODARA, Gujarat, India - 390004
 Gujarat, India - 390004
 Phone No. Fax No.
 Mobile No. 09825790143 Email Id
 SMS Subscription Flag No
 Current Status of Subscriber Remarks
 Nominee 1
 Name SMITHEERAVANTHI DHEVI RAJENDRAPRASAD YADAV Date of Birth
 Relationship MOTHER Percentage Share 100%
 Major/Minor Major Guardian Name
 Nominee Invalid Condition UPON MARRIAGE
 Account No. 01960100018328 Bank Name BANK OF BARODA
 Bank Branch PRATAPNAGAR BRANCH
 Bank Address PRATAPNAGAR BRANCH VADODARA MICR Code 390012010 Pin Code 390004
 Bank Account Type SAVINGS
41

42. 42
Scheme Preference Type
 Scheme Preference Type:
DEFAULT SCHEME SET-UP
 PFM Name PFM ID Scheme Name Scheme ID Percentage Contribution
 SBI PENSION PFM001 SBI PENSION FUND SM001001 34.0000
FUNDS PRIVATE SCHEME –
LIMITED CENTRAL GOVT
 LIC PENSION PFM003 LIC PENSION FUND SM003001 34.0000
FUND LIMITED SCHEME –
CENTRAL GOVT
 UTI RETIREMENT PFM002 UTI RETIREMENT SM002001 32.0000
SOLUTIONS PENSION FUND SCHEME-
LIMITED CENTRAL GOVT
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Web details
 Grievances ----1. Log grievances request
 2. Grievances status view
 Views-------1. Scheme NAV (Net Asset Value)
details 2. Request status view
 3. Subscriber tier -2 details
 4. Statement of transaction
 5. pre utilization SOT
 User Maintenance ----1. Request status view
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Statement sample
Transaction Statement for the period of April 1, 2008 to July 13, 2012
PRAN: 110020924603 Name: RITESH RAJENDRAPRASAD YADAV
Status: IRA compliant B-21 JANPATH NAGAR DANTESHWAR, PRATAPNAGAR,
VADODARA, Gujarat – 390004, India
Statement Date: Jul 14, 2012 01:47 PM
From 01-Apr-2008 To 13-Jul-2012
Change in Subscriber Details - No Records Found in Selected Period
Tier-1 Details
Change in Tier details - No Records Found in Selected Period
 A) Accumulated Contribution up to March 31, 2008 (Legacy Amount) :
Rs. 0.00 -No Records Found in Selected Period
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Monthly transaction details-1
B) Transaction details - Regular (Monthly Contribution)
Date Contribution month Contribution Total (Rs.) SBI Pension Fund Pvt Ltd UTI Retirement Solution Ltd LIC Pension Fund Pvt Ltd
and year Emp (Rs.)Govt(Rs.) Amount(Rs.)NAV(Rs.)Units Amount(Rs.)NAV (Rs.)Units Amount(Rs.)NAV(Rs.)Units
17/9/10 August-2010 1044.00 1044.00 2088.00 689.04 13.4104 51.3810 668.16 12.9338 51.6599 730.80 12.9902 56.2577
14/10/10 September-2010 1044.00 1044.00 2088.00 689.04 13.5783 50.7456 668.16 13.1246 50.9089 730.80 13.1492 55.5775
16/11/10 October-2010 1121.00 1121.00 2242.00 739.86 13.6107 54.3587 717.44 13.1569 54.5295 784.70 13.1476 59.6838
09/12/10 November-2010 1121.00 1121.00 2242.00 739.86 13.5031 54.7918 717.44 13.2164 54.2840 784.70 13.0361 60.1943
TOTAL
C) Transaction details - Arrears Contribution
Date Contribution month Contribution Total (Rs.) SBI Pension Fund Pvt Ltd UTI Retirement Solution Ltd LIC Pension Fund Pvt Ltd
and year Emp (Rs.)Govt(Rs.) Amount(Rs.)NAV(Rs.)Units Amount(Rs.)NAV (Rs.)Units Amount(Rs.)NAV(Rs.)Units
17/09/10 JULY CONTRIBUTION 1044.00 1044.00 2088.00 689.04 13.4104 51.3810 668.16 12.9338 51.6599 730.80 12.9902 56.2577
09/12/10 D.A 155.00 155.00 310.00 102.30 13.5031 7.5760 99.20 13.2164 7.5058 108.50 13.0361 8.3230
12/09/11 PAY ARREAR 1317.00 1317.00 2634.00 856.05 14.0040 61.1289 895.56 13.5361 66.1608 882.39 13.5857 64.9499
14/11/11 D.A Arrear 183.00 183.00 366.00 118.95 13.7889 8.6265 124.44 13.4054 9.2828 122.61 13.4327 9.1277
TOTAL
D) Withdrawal details summary - No Records Found in Selected Period
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Monthly transaction details-2
(E) Present Value of Total Contribution
Particulars Total (Rs.) SBI Pension Fund Pvt Ltd UTI Retirement Solution Ltd LIC Pension Fund Pvt Ltd
Amount(Rs.)NAV(Rs.)Units Amount(Rs.)NAV (Rs.)Units Amount(Rs.)NAV(Rs.)Units
Total Accumulated 0 0 0 0 0 0 0
Balance as
on March
31, 2008 (Block A)
Total Regular
Contribution (Block B) 60936.00 20066.52 1428.7296 20028.72 1472.3447 20840.76 1531.6019
Total Arrears
Contribution (Block C) 9574.00 3144.42 231.4744 3123.68 237.9291 3305.90 251.1737
Total Contribution as
on 13/07/2012 70510.00 23210.94 1660.2040 23152.40 1710.2738 24146.66 1782.7756
NAV as on 13/07/2012 15.1575 14.6210 14.6940
Total value
as on 13/07/2012 76366.55 25164.54 25005.91 26196.10
 The Date appearing against the credit is the NAV date i.e., date of Investment. The units shown against the credits
are calculated based on the NAV (as mentioned) as on that date.
 This is a computer generated statement and does not require any signature.
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Monthly transaction Note
 On May 1, 2009, PFRDA had revised the allocation ratio of funds (contribution remitted
by the PAOs/CDDOs) from 55:40:05 to 40:31:29 for the three PFMs - SBI, UTI and LIC
respectively.
 On July 19, 2010, PFRDA has revised the allocation ratio of funds (contribution remitted
by the PAOs/CDDOs) from 40:31:29 to 33:32:35 for the three PFMs - SBI, UTI and LIC
respectively.
 On July 01, 2011, PFRDA has revised the allocation ratio of funds (contribution remitted
by the PAOs/CDDOs) from 33:32:35 to 32.5:34:33.5 for the three PFMs - SBI, UTI and LIC
respectively.
 The balances reflecting in your account are based on the contribution amount uploaded
by your uploading office (PAO/CDDO). In case there is no/less/excess contribution for
any month, please contact your uploading office (PAO/CDDO).
 The narration appearing in the Arrear contributions is as mentioned by your office at the
time of giving/uploading information to CRA. In case you do not find clarity in the
narration provided, you may kindly contact your PrAO/PAO/CDDO.
 There may be more than one credit appearing against a month. This is due to monthly
subscription contribution being sent through multiple fund transfers on different days by
the PAO/CDDO.
 In case you have not filled up S1 form for registration, please fill up the same and submit
to your PAO/CDDO.
 In case of any other queries, you may contact CRA toll free. helpline 1800 222 080.
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Legends
 Term Description
 Legacy Amount The contributions accumulated up to March 31, 2008 (except for
Department of Post) and transferred to NPS by your uploading office
(PrAO/PAO).For Department of Post, contributions accumulated up to
August 31, 2008 and transferred to NPS by your uploading office
(PrAO/PAO).
 Arrears Contributions transferred to NPS as an arrear for the previous months
by your uploading office (PAO/CDDO) on account of pay, pay revision
etc. as reflected in the "Particular" column.
 Residue amount Amount credited in your account for compensating the residue
generated amount generated against your contributions. Residue is generated
re-credited due to arithmetical limitation of distributing the contributions
exactly as per the allocation ratio to the PFMs. PFRDA has re-credited
residue amount to PRANs having residue of Re 1.00 and above.
 NAV Net Asset Value is the underlying value of one unit, it is computed
daily based on the closing market prices of the securities in the fund's
portfolio. The daily NAV is available at https://npscra.nsdl.co.in/nav-
search.php Current value of Contribution in a Scheme = Current NAV
of the scheme x Total Units in the Scheme.
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NPS subscribers of Railway
Number of employee govern under NPS As on date:
Indian Railways : approximately 2,73,000 employees
Central & states: more than 16 lakhs
Number of employee will likely to govern under NPS :(in next
two yrs)
Indian Railways : approximately 4,00,000 employees
Western Railway : approximately 22000 as on 01.08.2011
HQ- 363 ; BCT-6410; BRC-2892; RTM-3617; ADI-3705; RJT-1375;
BVP- 1297; CCG S&C- 43 others : 200 approximately
Workshops: PL-782; PRTN-82; SBI-172; BVP-67; DHD-617

50. 50
Rate of Returns of NPS
 Returns of NPS year wise :
2004-2008 08.00%
2008 - 2009 14.82 %
2009 - 2010 13.41 %
2010 - 2011 14.82 %
2011 - 2012 09.33 %
2012 - 2013

51. 51
Doubts & Quarry
 Place your doubts one by
one.
 Place your queries one by
one.
 Use reference letters &
website for more details.
51

52. Comparison of New & Old Pension Scheme
S.N. Details Old Pension Scheme NPS
01 Contribution of
Employee
Nil 10% of Basic + DA
+RA-NPA
02 Pension guarantee Yes by Govt. No
03 Amount of Pension 50% of last Pay As per share price
04 Pension decide by Government Share Market /
PFMs
05 On Price rise Dearness Relief given Nil
06 Amount of
Commutation
Up to 40% allowed Nil
07 PF Eligibility Yes No
08 PF withdrawal PF Temp: within 15 years
PF Final: After 15 years
Tier -I Nil, Tier-2
withdrawable

53. Comparison of New & Old Pension Scheme
S.N. Details Old Pension Scheme New Pension scheme
09 On death of
Pensioners
Family pension givens Nothing, Now
Provision subjected to
Govt. decision
10 For Running staff 55% added to Basic
Pay
No
11 Fees and charges Nil Fees will be deducted
for CRA (NSDL) &
Pension Fund
Managers
12 Gratuity Yes, On death it is
doubled
No.
Provisional allowed
13 Applicable from 16.11.1957 01.01.2004

54. Comparison of New & Old Pension Scheme
S.N. Details Old Pension Scheme New Pension scheme
14 Tier & Account Only one account in rly Tier-I (Non-withdrawal) &
II(withdrawal)- With CRA
15 Tax Tax rebate on all
deduction
Tax rebate on Tier-I & No
Tax rebate on Tier-2
16 Pension Spouse. Unmarried
/widow/Divorce
daughter, Mentally
retarded Son/daughter,
mother father
Spouse, mother father
17 Correction Simple & within Rly Tedious & with NSDLS
18 Regular /
Voluntarily
retirement
Equal benefit On 60 yrs 60% paid
Prior to 60yrs only 20% paid
54

55. Comparison of New & Old Pension Scheme
S.N. Details Old Pension Scheme New Pension scheme
19 Education Easy even for illiterate Hardship for illiterate
20 Responsibility Associated Account Transferable
21 Medical facility
after Retirement
RELHS-97
RELHS-97 applicable &
Mandatory
RELHS-97 applicable not
applicable- Insurance is
under consideration
22
23
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The End
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Thanks