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Saturday, February 9, 2013

NPS-Swavalamban: Revision in documentary requirements in case of exits arising from Death of the subscriber


PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
PFRDA/2013/3/PDEX/3
Date: 06/02/2013

To,
Dear Sir/Madam,

Subject:   Revision in documentary requirements in case of exits arising from Death of the subscriber under NPS-Swavalamban
Attention of all stakeholders is invited to the requirement of Death Certificate in original for claiming the benefits of the accumulated pension wealth in the account of a deceased subscriber by the nominee/legal heirs under National Pension System (NPS).

Basing on representations from some of the stakeholders, the matter has been re-examined in light of the difficulties faced by subscribers in obtaining several sets of original death certificates.


It has been now decided that “a certified copy of the death certificate duly attested by the Aggregator/ POP (with the Aggregator/ POP having seen the original of death certificate and returning the same to the nominee/legal heirs) would be acceptable as sufficient proof of death of the subscriber for settlement of death claims arising from NPS-Swavalamban accounts only”.  

The Aggregator/ POP in such cases have to specifically certify the copy of the death certificate with wording “ORIGINAL SEEN AND VERIFIED”.

This is for the information of all concerned.

The circular has also been placed on PFRDA website at  http://www.pfrda.org.in and CRA website at http://www.npscra.nsdl.co.in

Yours Faithfully

Sd/-
Venkateswarlu Peri
General Manager
Source: http://pfrda.org.in
[http://pfrda.org.in/writereaddata/linkimages/revison%20of%20doc%20req%20NPS%20Swavalamban7229682488.pdf]


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