1. Is it possible to get PRAN CARD in Hindi?
Yes , you can get PRAN CARD in Hindi ,for that you have to checked the option that
PRAN is required in Hindi and the annexure to form UOS-SH1 on page 8 should be properly
filled up.
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2. Who shall be responsible for protecting my interests as a NPS subscriber?
PFRDA is the regulator for the NPS & will endeavour to protect the interests
of the subscribers through prudential norms of investments etc. |
3.What will happen if I relocate to another city or country?
The PRAN shall remain the same & you shall be able to access your PRAN from anywhere
in India, based on the I-Pin allotted to you by CRA. |
4.Under what circumstances can my account be closed before attaining NRA?
Death, Account value reduces to zero, Citizenship status changes
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5.Who shall be responsible for protecting my interests as a NPS subscriber?
PFRDA is the regulator for the NPS & will endeavour to protect the interests of
the subscribers through prudential norms of investments etc.
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6.Can I make contributions of less than INR 500 at a time?
In case of Tier II Account, contribution can be made of INR 250 but it is mandatory
to contribute INR 500 in Tier I Account
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7. Are there any investment return guarantees?
There are no guarantees; returns depend upon the amount contributed & the investment
growth
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8. Can my nominee continue to operate the account in my name at the time of my death,?
No, the balance standing to the subscriber’s account may be transferred into the
nominees account after following regular KYC procedure.
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9. What is the process to reactivate the dormant account?
You would have to bear the default penalty of Rs. 100/year along with minimum contributions
due for the period of dormancy in order to reactivate the account.
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10. Can I be a part of the system after attaining the age of 70 years?
No, you have to compulsorily withdraw from the system on or before attaining the
age of 70 years.
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11. can I change my Pension Fund Preference?
Yes, you shall have the first opportunity to switch from one Pension Fund to another
Pension Fund commencing form May 2010.
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12. Over the age band 60 to 70 years, Can I exit the system in phases?
Yes, you can exit.
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13. if I don’t exit the system at or before 70 years then what will happen?
Then on attaining the age of 70 years, your account would be automatically closed
with the benefits transferred to you.
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14. Other members can make contribution on my behalf?
Yes, it is acceptable.
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15. If I contribute less than Rs. 6000 in a year in Tier I Account then what will
happen?
Your Account would become dormant.
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16. If I do not select any Investment option then what will happen?
All your contributions will be channeled into Auto Choice Investment.
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