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GOVERNMENT SECTOR- central autonomous Government

Central Autonomous Bodies who have joined on or after 1st January, 2004 are mandatorily covered under NPS. Ministry of Finance, vide Office Memorandum No 1 (2)/E.V./2007 dated June 30, 2009 has stated that these organisations may also be permitted to shift to a defined contribution pension scheme i.e. NPS in respect of employees who have joined before January 01, 2004.

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The Central Government had introduced the National Pension System (NPS) with effect from January 1, 2004 (except for armed forces i.e. Army, Navy & Air Force). All the employees of Central Autonomous Bodies who have joined on or after the above mentioned date are also mandatorily covered under NPS.

Ministry of Finance, videos Office Memorandum No 1 (2)/E.V./2007 dated June 30, 2009 has stated that these organizations may also be permitted to shift to a defined contribution pension scheme i.e. NPS in respect of employees who have joined before January 01, 2004.

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    Submission of letter of Consent (LoC)

Submission of letter of Consent (LoC): CAB is required to submit the duly authorised “Letter of Consent” approved by Government of India (Ministry of Finance, Department of Expenditure) issued vide Office Memorandum (No.1(13)EV/2008) dated January 30, 2009 to the Pension Fund Regulatory and Development Authority (PFRDA), B-14/A,Chatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai, New Delhi-110016 with a copy to below mentioned entities Central Recordkeeping Agency, KFintech, Tower – B, Plot No 31 & 32 , Selenuim Building, Financial District, Nanakramguda, Gachibowli, Hyderabad – 500 032,Telangana, India. National Pension System Trust, 3rd Floor, Chatrapati Shivaji Bhawan, B-14/A, Qutab Institutional Area, New Delhi – 110016. Department of Economic Affairs & Department of Expenditure. Submission of Master Creation Form (MCF): CAB has to submit MCF to CRA during the registration process

    Registration of Nodal offices

Principle Account Office (PrAO) functions as oversight mechanism has to submit Form N1 for PAO registration under respective CAB. Pay and Account Office (PAO) performs the day to day activities on behalf of the subscribers have to submit Form N2 for PAO registration under respective CAB. Drawing and Disbursing Officer (DDO) is responsible for collection and forwarding of Subscriber details like registration, maintenance; contribution etc. has to submit Form N3 for DDO registration under respective CAB. Please note: CABs with single office has to provide all forms and will be registered as PrAO cum PAO cum DDO office.

Entities involved and their roles under NPS Contribution

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What is Subscriber Contribution file?

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Subscriber Contribution File (SCF) is a file containing the details of the contributions of Subscriber (Own and Co-Contribution if any) towards the pension fund. It is a standard format specified with contribution details of Subscribers which has to be uploaded in CRA system by Nodal Office. The SCF contains the below mentioned details as shown under: SCF Format

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Contribution Model

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SCF Format

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* Subscriber’s mandatory contribution amount- Amount may be provided in 2 decimals i.e: 500.50. Government and subscriber contribution has to be equally contributed

** Contribution Type- In case of arrears, month and year may be left blank.   C For Regular A for Arrears V for Voluntary

***  Remark- Remark is mandatory if contribution type is arrears

Fund Transfer

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DTA’s / DTO’s bank transfers the total funds electronically to Trustee Bank within 12 working days. Information to be provided while transferring the funds i.e. PAOFIN . For example, PAOFIN10000011700000000001