Form 101GS
Form 101GS
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Date :
(DD/MM/YYYY)
Acknowledgement Number :
(Generated by CRA)
Sir/Madam, I hereby submit a request for withdrawal under NPS for both Tier-I / Tier-II (please tick as applicable) fund accumulations in my Permanent Retirement Account and give below the necessary details:
Form 101-GS
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Tier I Account:
1. The Lump-sum amount to be withdrawn and amount to purchase annuity in case of normal withdrawal*(Please refer General Instruction no.4) Description % share Lump-Sum amount (Maximum of 60%) Amount to purchase life annuity (Minimum of 40%) Total 100%
Note: A separate form needs to be filled in for purchase of Annuity and for arranging the monthly pension/annuity. The subscriber is required to follow the procedure laid down by Annuity Service Provider (ASP) 2. Type of withdrawal*: One Time Withdrawal Phased Withdrawal
3. In case of Phased Withdrawal#, please mention the percentage of lump-sum amount to be withdrawn this year (Please refer General Instruction no.5) Description % share Note: In phased withdrawal of lump-sum amount, subscriber can opt to withdraw lump-sum amount for accumulated pension wealth in a phased manner over the period from 60 years (or any other retirement age as prescribed by employer) to 70 years. Subscriber has to withdraw minimum of 10% of the remaining pension wealth every year; at the age of 70 years, subscriber would compulsory withdraw any amount lying to their credit. Also, note that in phased withdrawal of lump-sum amount, subscriber is subject to the NAV movement and may lose or gain in the future depending on the underlying funds performance. For subscriber opting for phased withdrawal, the Central Recordkeeping Agency (CRA) maintenance charges would be deducted from the corpus/units lying in the account of the subscriber Phased Lump-Sum Amount Percentage (Minimum 10%)
Tier II Account:
The entire accumulated pension wealth would be paid out in single lump sum along with the withdrawal/payment of the Tier-I account.
Form 101-GS
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4. ASP Scheme ID *:
Declaration:
I _______________________________________, NPS Subscriber, my PRAN is ______________________, do hereby declare that the information provided above is true to the best of my knowledge and belief .
Date : D D M M Y YYY Signature/Left Thumb Impression of the Subscriber
*Note: Left thumb impression in case of illiterate male claimants and Right thumb impression in case of illiterate female claimants must be obtained.
Form 101-GS
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3.
4. Relationship of the nominee with the Subscriber*: (e.g. If nominee is son, subscriber should fill the relationship as Son) 5. Nominees Guardian Details*(only in case of a minor): First Name* Middle Name Last Name
Dated this ______________day of____________20 in the presence of the following witnesses: Particulars Name Address Signature 1st Witness
*Note: Left thumb impression in case of illiterate male Subscriber and Right thumb impression in case of illiterate female subscriber must be obtained.
Form 101-GS
TO BE FILLED/ATTESTED BY PAO/DTO/POP/POP-SP
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Certified that the above declaration and nomination details has been signed / thumb impressed before me by Sh/Smt/Ms. _________ ________________________________________after he / she have read the entries / entries have been read over to him / her by me and got confirmed by him / her. Also certify that the date of retirement is as per employee records available with the Department. The date of retirement of the subscriber as per government record is as given below:
(DDMMYYYY)
Rubber Stamp of the PAO/DTO/POP/POP-SP PAO/DTO/POP/POP-SP Registration Number _______________________ (Allotted by CRA) Date : D D M M Y YYY
------------------------------------------------------------------------------------------------------------CLAIM FOR THE WITHDRAWAL OF ACCUMULATED PENSION WEALTH OF THE SUBSCRIBER UNDER NATIONAL PENSION SYSTEM Advanced Stamped Receipt
I _________________________________covered under the National Pension System with Permanent Retirement Account Number (PRAN) _____________________has received a sum of Rs. /(Rupees_____________________________________________________________only) from National Pension System / National Pension System Trust by deposit in my Saving Bank / Current Account towards the settlement of my National Pension System (NPS) account.
Affix 1 Rupee Revenue Stamp and sign across Signature or Left/ Right hand thumb impression of the NPS Subscriber* (*Note: Left thumb impression in case of illiterate male claimants and Right thumb impression in case of illiterate female claimants must be obtained.)
------------------------------------------------------------------------------------------------------------ACKNOWLEDGMENT RECEIPT
Acknowledgment slip to the NPS Subscriber on receipt of completed application form for Withdrawal on Superannuation (To be filled by PAO/DTO/POP/POP-SP) Received from PRAN : DDO Registration Number : _____________________ PAO/DTO/POP/POP-SP Registration Number: _____________________ Time: __________________
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This application should be filled by the Subscriber seeking to withdraw pension wealth benefits upon Superannuation from Government Service.
1. 2. 3. 4. Documents to be enclosed along with this application:PRAN card in original. In case PRAN card is not available, the subscriber needs to submit a duly notarized Affidavit as to the reasons of non-submission of the PRAN card. Cancelled cheque (containing Subscriber Name, Bank Account Number and IFS Code) or Bank Certificate Containing Name, Bank Account Number and IFSC code, for direct credit or electronic transfer. A pre-signed receipt acknowledging the receipt of the proceed under NPS by the subscriber In addition to the PRAN card any other Identification and address proof of the subscriber. The photocopies of documents (Sr. No. a to i) and original document (Sr No. j) that can be provided as identification and address proof are as mentioned below: a) Ration Card with photograph of the subscriber and residential address b) Bank Passbook with photograph and residential address c) Credit Card with photograph, any other address proof like latest telephone bill, electricity bill in the name of the subscriber. d) Passport e) Aadhar Card issued by UIAD f) Voters Photo Identity Card with residential address g) Driving license with photograph and residential address h) PAN card and any other address proof like latest telephone bill, electricity bill in the name of the subscriber. i) Final relieving certificate from government service on superannuation, if the application for withdrawal is submitted through the Points of Presence (POP). j) Certificate of identity with photograph signed by a Member of Parliament or Member of Legislative Assembly or Municipal Councilor or a Gazetted Officer and any other address proof like latest telephone bill, electricity bill in the name of the subscriber (to be provided original)
In case if the address is not present on any of the above documents or differs with address provided in this form, proof in respect of current residential address like latest telephone bill, electricity bill in the name of the subscriber should be submitted. GENERAL INSTRUCTIONS: All the columns in the form should be filled with black ink pen without any overwriting. Fields marked with (*) are mandatory. Correct postal address, including the pin code should be provided. Percentage of allocation for amount to be withdrawn as Lump-sum and amount to purchase life annuity. Subscriber can withdraw maximum 60% of pension wealth and is required to transfer minimum 40% of pension wealth to annuity. For example, for a total corpus of Rs.1000, if subscriber wants Rs.300 as lump-sum and Rs.700 for annuitisation, subscriber to select 30% and 70%. Please select the type of lump-sum withdrawal as one-time or phased. For e.g. for a total corpus of Rs. 1000/- subscriber has selected Rs. 300 as lump-sum amount. For one time withdrawal subscriber will be given Rs. 300 as lump-sum amount on processing of withdrawal request. For phased withdrawal subscriber will be given minimum of 10% i.e. Rs. 30 for the period of 10 years, at the age of 70 years, subscriber would compulsorily withdraw any amount lying to their credit. Instructions for nomination Subscriber can nominate maximum of three nominees. Subscriber cannot fill the same nominee details more than once. Percentage share value for all the nominees must be integer. Fractional value will not be accepted. Sum of percentage share across all the nominees must be equal to 100. If sum of percentage is not equal to 100, entire nomination will be rejected. If a nominee is a minor, then nominees guardian details will be mandatory
1. 2. 3. 4.
5.
6.
For the purpose of this document Pension Wealth means: The total amount of contributions made by the subscriber in the scheme plus the investment income derived from the investment of the contributions made by the subscriber from the date of joining of New Pension System till the date of execution of withdrawal request in the CRA System.