• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Home
  • DOPT ORDERS 2020
  • FinMin Orders 2020
  • Railway Orders 2020
  • Contact Us

7th Pay Commission Latest news

Central Government Employees News

  • DOPPW Orders
  • 7th Pay Commission
  • Dearness Allowance
  • Dearness Relief
  • CSD Price List
  • Defence
    • Defence Pension
You are here: Home / National Pension System / New Functionalities released under National Pension System

New Functionalities released under National Pension System

December 1, 2015 pcadmin Leave a Comment

PFRDA takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System

Pension Fund Regulatory and Development Authority (PFRDA) has been established by the Government of India for regulation and development of Pension Sector in order to protect the old age income security of subscribers. PFRDA takes various initiatives from time to time in order to simplify and improve the operational issues in National Pension System (NPS) like new functionality development under NPS architecture, simplification of account opening, withdrawal, grievance management etc. In this regard, recently many new functionalities have been released by the Central Recordkeeping Agency (CRA) to provide the ease of operation for the benefit of subscribers and nodal offices. These are detailed below:

Functionality released in CRA system recently for the benefit of NPS subscribers: 

Sr. No. Functionalities Benefits Description
1 Contribution upload for shifted subscribers Point of Presence (POPs) were previously allowed to upload the regular monthly contribution in the CRA system only for the subscribers pertaining to their associated Corporate. Now, a POP can also upload the contribution for subscribers who have shifted from one of their associated Corporate to another associate Corporate.
2 One way switch Currently, there is no provision for transfer of funds from Tier-II to Tier-I account. Now, the POP can process a subscriber request to transfer funds from Tier II to Tier I account. Such transactions can be processed only for subscribers under All Citizens of India Model or Corporate Sector Model having active Tier I and Tier II accounts, subject to the availability of adequate holdings in the Tier II account. There is no limit (minimum or maximum) on the amount and number of one way switches that can be requested by a subscriber.
3 Upload of unequal contribution for Govt. employees In case of Govt. sector employees, the Uploading Office is required to prepare and upload the contribution file wherein the Employee and Employer Contribution are equal for each subscriber. This functionality will now allow the Uploading Offices to prepare and upload contribution files where Employer and Employee contribution amount are not same.
4 Processing of voluntary contribution for corporate subscribers through any POP Currently, POPs are allowed to upload contributions for corporate subscribers only if the Corporate is associated with them. With the release of this new functionality, the POPs can process the ‘Voluntary’ contributions made by any Corporate subscriber even if they are not associated to them.
5 Functionality for nodal offices on Tier – II operations and voluntary contribution processing The Govt. sector Nodal Offices have now been provided with utility for activating the Tier II account and its operation for all Government employees.   The Government subscribers (mandatorily covered under NPS) can also approach their associated Nodal Office for making additional investment (Voluntary Contributions) in their PRAN – Tier I account.
6 Insertion of QR Code facility on backside of PRAN The QR code is a matrix barcode and is used to store URL of websites. The QR code can be converted to data by using a smart phone.  The application to read QR code is available as free application for all smartphone users. Further, utility to convert website URL to QR code is also freely available online.
7 Grievance resolution by monitoring office in CRA system In case of Govt. sector nodal offices, only the PAOs/DTOs can provide resolution remarks for the grievances raised against them by their associated subscribers in Central Grievance Management System (CGMS) module. However, the mapped Pr.AOs/DTAs can only monitor the status of the grievances (using ‘Token No’) raised against underlying PAOs/DTOs. Now, with the new facility made available in the CRA system, the Pr.AOs/DTAs along with the PAOs/DTOs can provide resolution remarks to the grievances raised against the associated office.
8 Pop – Up window for resolution of pending grievance in CRA system To aid the Nodal Offices, a pop-up alert is displayed on the home page immediately after the User logs in to CRA website (www.cra-nsdl.com). The pop-up displays the count of grievances pending (if any) for more than 30 days. The User have two options i.e., either to resolve the grievances immediately by selecting the option ‘Resolve Now’ (which will guide the user to ‘grievance resolution’ screen) or to select ‘Resolve Later’ to continue with regular operations and provide resolutions to the grievances later. The pop-up window is a reminder to all the Nodal Offices which have any grievance pending for resolution beyond 30 days in Central Grievance Management System (CGMS) module.
9 Functionality for capturing bank details and contact details of the nodal offices A facility has been provided to Nodal Offices of Central Government to enter the contact details of their Nodal Officer (along with details of alternate Nodal Officer) and the Bank account details of respective Nodal Office in CRA system. This will help Trustee Bank and CRA to identify the nodal offices for better coordination.

Currently, NPS has more than one crore subscribers with total Asset Under Management (AUM) of more than Rs. One lakh crore.

Filed Under: National Pension System, PFRDA Tagged With: National Pension System, PFRDA

Also Read

Extension of Time-limit for exercise of Option for fixation of pay on Promotion

Extension of Time-limit for exercise of Option for fixation of pay on Promotion

September 8, 2023 By pcadmin Leave a Comment

Extension of Time-limit for exercise of Option for fixation of pay on Promotion Message: GoI, MoD, DMA letter No 1(20)/2017-D(Pay/Services)- Part-I dated 18/08/2023 read with in conjunction to MoF/DoE, New Delhi OM No.4-21/2017IC/E-IIIA dated 15/04/2021*, wherein the time limit for … [Read More...] about Extension of Time-limit for exercise of Option for fixation of pay on Promotion

Submission of claims for reimbursement of Children Education Allowance

Submission of claims for reimbursement of Children Education Allowance: DOPT ORDER

September 8, 2023 By pcadmin Leave a Comment

Submission of claims for reimbursement of Children Education Allowance: DOPT ORDER A-27012/01/2022-Estt.(AL)Government of IndiaMinistry of Personnel, P.G. & Pensions(Department of Personnel & Training) Old JNU Campus, New Delhi.Dated 25 August, 2023 OFFICE MEMORANDUM Subject: … [Read More...] about Submission of claims for reimbursement of Children Education Allowance: DOPT ORDER

AICPIN for the month of July 2023

AICPIN for the month of July 2023

September 1, 2023 By pcadmin Leave a Comment

AICPIN for the month of July 2023 GOVERNMENT OF INDIAMINISTRY OF LABOUR & EMPLOYMENTLABOUR BUREAU Shram Bureau Bhawan, Block No. 2,Institutional Area, Sector 38 (West),Chandigarh — 160036Dated: 31st August, 2023 F.No. 5/1/2021-CPI Press Release Consumer Price Index for Industrial … [Read More...] about AICPIN for the month of July 2023

CCS (LTC) Rules, 1988 - Modifications in the LTC instructions.

CCS (LTC) Rules, 1988 – Modifications in the LTC instructions.

August 15, 2023 By pcadmin Leave a Comment

CCS (LTC) Rules, 1988 - Modifications in the LTC instructions. F.No. 31011/17/2023-Estt.A-IVGovernment of IndiaMinistry of Personnel, Public Grievances & PensionsDepartment of Personnel & TrainingPers. Policy (A-IV) North Block, New Delhi.Dated: 10th August, 2023 OFFICE … [Read More...] about CCS (LTC) Rules, 1988 – Modifications in the LTC instructions.

Reverting to Old Pension Scheme : Lok Sabha QA

Reverting to Old Pension Scheme : Lok Sabha QA

August 7, 2023 By pcadmin Leave a Comment

Reverting to Old Pension Scheme : Lok Sabha QA GOVERNMENT OF INDIAMINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS(DEPARTMENT OF PENSION & PENSIONERS’ WELFARE) LOK SABHAUNSTARRED QUESTION NO. 2171(TO BE ANSWERED ON 02.08.2023) REVERTING TO OPS 2171. DR. A. CHELLAKUMAR:SHRI … [Read More...] about Reverting to Old Pension Scheme : Lok Sabha QA

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

All About Pension

All about Pension

Latest DOPT Orders

Submission of claims for reimbursement of Children Education Allowance: DOPT ORDER

CCS (LTC) Rules, 1988 – Modifications in the LTC instructions.

Karmayogi Guidelines 2023: Guidelines for Civil Servants

Instructions on Timely submission of Annual Immovable Property Return by the members of Central Civil Service/Posts

Status of Cadre Review proposals as on 17th July 2023

Latest Finmin Orders

CGEGIS Tables of Benefits from July to September 2023

Revised guidelines for the purchase of laptops/notebooks for eligible officers

Date of next increment under Rule 10 of CCS (RP) Rules, 2016 – FINMIN

New development in Pension Module for PAOs in PFMS Portal

CGEGIS 1980 – Tables of Benefits for the savings fund for the period from 01.04.2023 to 30.06.2023.

Latest Railway Orders

Grant of notional increment (as due on 1st July) for the pensionary benefit

Grant of notional increment for the pensionary benefits

Disbursement of Railway Pension through Private Sector Banks

Dearness Relief to Railway pensioners from Jan 2023

State Railway Provident Fund Interest Rate from April 2023 to June 2023

Categories

Copyright © 2023