Pension Fund Regulatory Development

Authority

UIDAI

Opportunity

About PFRDA
PFRDA is the regulator established by Government of India to promote old age
income security in the country.
PFRDA Establishes, develop and regulate pension funds, to protect the interests of
subscribers to schemes of pension funds and for matters connected therewith or
incidental thereto.
PFRDA has put in place the institutional framework and infrastructure required
for administering the National Pension System (NPS) for government employees
& all citizens of India.

PFRDA has made

available NPS option
to all citizens of India
to avail pension
through NPS w.e.f 01st
May, 2009

Govt. of Indias
Swavalamban Scheme:
Special focus towards
Economically
Disadvantaged and
Unorganized Sector
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NPS -SWAVALAMBAN YOJNA

Catering to Unorganized Sector
Special Focus on economically disadvantaged/marginal investors
Ultra low charge structure

Account Opening Rs 35 (One Time).

Annual Maintenance Charges (AMC) Rs 70/Annum.
12 Transactions free per annum.
Government to contribute Rs.1000 to each NPS account If :

Subscriber is not covered under any other social security schemes like PF, Pension
only self declaration is required

Annual contribution to be in the range of Rs.1000-Rs.12000

NPS -Swavalamban benefit for 4 yrs .

Who can Join

Any Citizen of India, between 18-60 years of age
Should comply with KYC (Know your customer norms)
Subscriber
Joining at age
Between 1860 years

Swavalamban Contribution

Pension

Corpus Amount
5

KYC Requirement
Proof of Address

Proof of Identity

1. Electricity bill

1. School Leaving Certificate

2. Telephone bill

2. Matriculation Certificate

3. Depository Account Statement

3. Degree of Recognized Educational Institution

4. Credit Card Statement

4. Depository Account Statement

5. Employer Certificate

5. Bank Account Statement / Passbook

6. Bank Account Statement / Passbook

6. Credit Card

7. Rent Receipt

7. Water Bill

8. Property Tax Assessment Order

8. Ration Card

9. Ration Card

9. Property Tax Assessment Order

10.Passport

10.PAN Card

11.Voters Identity Card

11.Passport

12.Driving License

12.Voters Identity Card

13.Certificate of address signed by a Member of

Parliament or Member of Legislative Assembly or
Municipal Councilor or a Gazetted Officer.

13.Driving License
14.Certificate of identity signed by a Member of
Parliament or Member of Legislative Assembly or
Municipal Councilor or a Gazetted Officer.

Subscriber is required to bring original documents & two self-attested photocopies (Originals will be returned after verification)
Proof of Address mentioned in Sr. No. 1 to 7 should not be more than six months old on the date of application.
6

Steps to SWAVALAMBAN
Contact the CSC.
Fill up a registration form
Provide KYC Documents
Identity Proof
Address Proof
Minimum Contribution of Rs 100 at the time of registration.
Receive Your Permanent Retirement Account Number (PRAN) Card.

Projected Pension
Monthly
Contribution till
the age of 60
years

Rs 100

Annual Swavalamban
Contribution as per
scheme assumed for
5 years

Assuming Annual Rate of Return of

Rs 1000

8%

Current Age of
Subscriber

Assumed Corpus
accumulated at 8%
on cumulative basis

Lump sum
withdrawable at Exit

Likely Monthly
Pension

18
25
30
35
40
45

512626
286903
187607
120959
76224
46198

307576
158503
59207
0
0
0

1649
1000
1000
943
594
375

Monthly pension shown above are indicative amounts for illustration purpose only.
Actual monthly pension may vary depending on the rates of premium at the time of
actual purchase and are not guaranteed. (Calculations are for life annuity for subscriber
only option)
8

How to get pension

Submit the withdrawal request form at

Monthly pension payable to subscriber till

the age of retirement

death

Choose the Cash/Annuity Component

Monthly pension payable to subscriber

Choose your Annuity Service Provider

till death and return of purchase price on

Choose the type of pension required.

Provide the Bank account details.

Start Receiving Monthly Pension.

death of subscriber to the nominee/Legal

heirs
Joint Life survivor
Joint Life survivor Return of corpus

Exit / With drawl from Swavalamban

Exit before attainment of 60 years of age
Subscriber would be required to invest
minimum 80 % of accumulated savings
(pension wealth) to purchase annuity.
Subscriber can withdraw balance 20%.
Exit upon attainment of 60 years of age
Subscriber would be required to invest
minimum 40% of accumulated savings
(pension wealth) to purchase annuity.
At the time of exit, the effort is to give a
monthly pension of Rs.1000/-. If 40% of
corpus is not sufficient to give pension of
Rs.1000/- entire pension wealth would be
subject to annuitisation.
Exit due to death of subscriber
Entire accumulated pension wealth would
be payable to the nominee/legal heirs of the
subscriber.

Exit before 60 Years

Encashed
20%

Annuitize
d
80%

Exit on 60 years
Annuitize
d
40%

Encashed
60%

10

Incentive to VLE

Commission Type

Subscriber Enrolled per

Year (VLE Share)

Fixed

Rs.80
(Per Subscriber)

Note:
The amount is paid to VLE only for Swavalamban eligible accounts at the
end of Financial Year
11

UIDAI

NPS-Lite
(Swavalamban Scheme)
Application Flow of VLE Portal

Application Flow
Subscriber
1.

Delivery of

9. PRAN kit

CSC
(CC)

Verification of details, provide KYC

documents, Consolidation and Submission

2.
NL-CC packets

3.

7.

CRA

Generate PRN
and/or Rejection
Letter

8.

SCA
(AO)
Submission of
forms

Submission
of Form

4.

5. Scanning & digitization of Forms

6.

Verification and Upload

CRA-FC
13

UIDAI

(Subscriber Registration)

Subscriber Registration
VLE to Login to Vayam
Portal.
Choose Apna.CSC services
under B2C
Choose National Pension
System (Swavalamban
Yojna) as a service on the
service page of Apna.CSC
portal.

15

Subscriber Registration
To enroll a new
subscriber the VLE need
to choose Subscriber
Registration option to
Register a new
subscriber.
VLEs who are registered
for this service can only
promote the scheme.
To start the service
kindly send a mail to
cscao@cscegovindia.com

16

Subscriber Registration
VLE / Operator need to
click on Swavalamban
or NPS to fill the online
Registration form, the
details of subscriber is
captured in the online
form like

Name , Address
Age, Gender
Nominee Details
Mobile Number etc.

17

Subscriber Registration
Upload color
photograph only, ID
proof and Residence
proof of the subscriber
in the JPEG format in
the application form.
After uploading the
above documents kindly
click on submit button .

18

Subscriber Registration
Kindly put the amount
that the subscriber
wants to pay
Minimum amount that
will be accepted by the
VLE at the time of
enrollment of a new
subscriber is Rs. 100
After putting the
amount and the wallet
password, kindly click
on Pay
It is advised to take Rs 1000 at the beginning from subscriber to make
him/her eligible for Swavalamban benefit .
Maximum deposit by any subscriber to avail Swavalamban can not be more
than Rs 12,000.
19

Subscriber Registration
Click on Print Receipt,
Sign and hand over the
receipt print out to the
Subscriber .

20

Subscriber Registration
Data of the subscriber
entered by VLE will
populate in the form
seen on this screen.
Take the print out of the
filled form
Take signature/thumb
impression of the
subscriber on the first
page below Photograph
box and on the last
page of the form.
Paste the physical
photograph on the
photo pasting option.
21

UIDAI

(Rejected Forms)

Rejected form
The SCA will check the
forms and can reject
the forms if it is
incomplete or incorrect,
the status of the
rejected forms by the
SCA will be visible in the
Rejected Form status
bar
To check the reason for
the rejection kindly click
on the MEMBERSHIP
Number appearing
against the subscriber
name.
23

Rejected form
When you click on the
membership no. the
reason for rejection is
mention .
The VLE can modify the
form as per
requirement / issue
raised by SCA and Press
the submit button.
Again take print out of
the form and get the
subscribers signature in
each page (same as last
time) and send it to SCA
office.
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UIDAI

(PRAN Allotment)
Subscribers Name
Fathers Name
DOB

PFRDA
Hologram

PRAN No
Signature
Your Photograph

PRAN Allotment
The SCA will upload the
PRAN no. allotted to every
Subscriber whose
Application got accepted
within 15 days of the
acceptance .
The VLE can check PRAN
(Permanent Retirement
Account Number ) allotted
to the Subscriber by clicking
on PRAN number option .

26

PRAN Allotment
VLE can check the details of the
subscriber by clicking on
Membership Number .
When you click on Membership
Number you will come to PRAN
Details page .
To see / confirm about
subscriber for whom the PRAN
no. has been generated , click
on View .
Do not click on HANDOVER tab
till the time you receive PRAN
Card . PRAN card of subscriber
will be sent to VLE by SCA with
in 45 days of application
submission .

27

UIDAI

(Reports)

Report Generation
To check about the reports
related to NPS (Swavalamban
Yojna) , VLE to click on
Reports .
This option will help VLE to
manage the activity better
and in an organized way .
This option will give
information to VLE about the
transactions , status , and will
keep the track of the progress
of this activity .

29

Report Generation
VLE status report is to check
if VLE is Active or Inactive to
offer NPS (Swavalamban
Yojna ) .
To check the status select the
period From date and To
date .
Click on Download Report .
Status report will be
downloaded in an Excel
Sheet format in VLE
Computer .

30

Report Generation
VLE can check total number
of Swavalamban eligible
transactions in
Swavalamban Status Report
.
To check the report select
the period From date and To
date .
Click on Download Report .
Swavalamban Status Report
will be downloaded in an
Excel Sheet format in VLE
Computer .

31

Report Generation
VLE can check total
Transactions done by
him/her for NPS and their
Status , Swavalamban
eligibility etc from
Transaction Status of
Registration report .
To check report select the
period From date and To
date .
Click on Download Report .
Transaction Status Report
will be downloaded in an
Excel Sheet format in VLE
Computer .
32

Report Generation
VLE can check total
Additional Deposit
Transactions done by
Subscribers from
Transaction Status of
Renewals report .
To check report select the
period From date and To
date .
Click on Download Report .
Renewal Status Report will
be downloaded in a Excel
Sheet format in VLE
Computer .

33

Report Generation
VLE can check total PRAN
received for Subscribers
registered from their Center
through PRAN Status
report .
To check report select the
period From date and To
date .
Click on Download Report .
PRAN Status Report will be
downloaded in a Excel Sheet
format in VLE Computer .

34

UIDAI

(Additional Fund deposits)

Additional Fund Deposit

The VLE can collect
additional Deposit from
any subscriber of NPS
by clicking on Additional
Fund Deposit option .
Kindly put the correct
details of the subscriber
like the PRAN no. and
the Name and make the
payment using your
wallet and proceed .

36

Additional Fund Deposit

Click on Print Receipt,
Sign and hand over the
receipt print out to the
Subscriber .

37

UIDAI

Thank You