NPS Accumulation on Mobility of Person amongst Central/State and Autonomous Bodies while working under Pensionable Establishment: Railway Board ACS No. 150

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NPS Accumulation on Mobility of Person amongst Central/State and Autonomous Bodies while working under Pensionable Establishment: Railway Board ACS No. 150

NPS Accumulation on Mobility of Person amongst Central/State and Autonomous Bodies while working under Pensionable Establishment: Railway Board ACS No. 150

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)

RBA No. ย 76/2020

No. 2020/AC-I I/21/7

New Delhi, dated ย 18.09.202

General ย Managers/PFAs,
All Indian Railways & PUs etc.

Sub: ACS No. 150- Introduction of new detailed head in India n Railway Finance Code Vol. II for Accountal of NPS Accumulation on Mobility of personnel amongst Central/State and Autonomous Bodies while working under Pensionable establishment.

Please ย connect ย Board’s ย letter ย No. ย F(E)III/2 005/PN l/35 ย datedย ย  19.08.2020 circulating Department of Pension and Pensioners’ Welfare(DOP&PW)’s O.M. No. 28/30/2004-P&PW (B) dated 11.06.2020. As regards instructions with respect to para 9 of DOP&PW’s letter ibid, the accountal of corpus of N PS account of Railway employees will be as follows:

S.No. Issues Adjustment process
1. Adjustment of Employees contribution in Accounts Account may be credited to individual SRPF Account and the account may be re-casted permitting up-to-date interest
2 Adjustment of Government contribution under NPS in Accounts Amou nt may be credited to SMH 11-940 Credits under N PS -941 – Adjustment of Government Contribution to N PS (New detailed head introduced vide ACS No. 150 to F-11 enclosed herewith)

3.

Adjustment of increased value of subscription on account of appreciation of investment May be crediting to SMH 11 -940 Credits under NPS ย – 942 – Adjustment of increased value of subscription ย in NPS on account of appreciation of investment (New detailed head introduced vide ACS No. 150 to ย F-11 enclosedย ย  ย herewith)

Contents of the correction slip may please be circulated suitably. Kindly acknowledge recept

DA: As above.

(Sanjeev Sharma)
Director Finance/ Accounts

Railway Board

ย Copy to:

  1. C&AG (Railways) Room No. 224, Rail Bhawa n, New Delhi.
  2. DG/HR, AM(Revenue), EDFE
  3. AC-I (Comp), AC-IIIย ย ย  (6 ย copies), ย AC-IV,ย ย ย ย  Codeย ย ย  Revision,ย  ย Accountsย ย ย ย  Inspection,ย  ย Accounts Appropriation, Finance (Budget), Pay & Accounts/Rly

Advance Correction Slip No. 150ย 

INDIAN RAILWAY FINANCE CODE – VOLUME – II
(Second Reprint Edition 2008).

ย Please introduce the following Detailed Head under Sub Major Head 11 (Erstwhile Demand No. 13) – Abstract ‘L’ Provident Fund, Pension and Other- Retirement Benefits – Minor Head – 900 Credits or recoveries – under Sub Head – 940 Credits under NPS for ‘Adjustment of Government contribution under NPS’ and ‘Adjustment of increased value of subscription on account of appreciation ย of investment’:

ย 

Minor-Heads Sub-Heads Detailed-Heads
900 Credits or recoveries 940 Credits under NPS 941 – Adjustment of Government Contribution to N PS

942 – Adjustment of increased value of subscription in N PS on account ย of appreciation ย of investment

(Authority:ย  ย Board’s ย Letter No.ย  ย 2020/AC-11/21/7 dated ย 18.09.2020 – RBA ย No. ย 76/2020)

nps-accumulation-on-mobility-of-person-amongst-central-state-and-autonomous-bodies-while-working-under-pensionable-establishment-railway-board-acs-no-150

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