Wednesday, 10 April 2013

How to make changes in your NPS subscriber data

Subscribers to the National Pension Scheme (NPS) must submit their name, date of birth, contact information, bank account details and other personal details while opening an NPS account.

This information is noted by the CRA and a Permanent Retirement Account Number (PRAN) is allotted to the investor. The subscriber can change or carry out corrections in the details provided, including nomination. If the change necessitates the reissue of a fresh PRAN card, the same will be issued by the CRA.

A request for reissue of new PRAN card with updated details can be made at the point of presence (POP) which services the subscriber.

Form

A standard Form UOS-S2 needs to be filled by the NPS subscriber. This form can be downloaded from http://tinyurl.com/cse6g7e. Only those fields that need to be modified should be filled in the form.

Documents

The subscriber needs to furnish a copy of the existing PRAN card along with two self-attested photocopies of supporting documents mentioned in the form in case of change or correction in personal details. In case of a change in the bank details, the form needs to be supported with a cancelled cheque bearing the new bank account number.

Submission

The form UOS-S2 along with supporting documents should be submitted to the POP. The subscriber also needs to bring original documents, which will be returned to him after verification by the POP.

Points to note

  • A new PRAN card will be sent to the subscriber only if the change pertains to the name of the subscriber, his date of birth or the father's name.
  • Subscribers should retain the acknowledgement slip signed/stamped by the POP where they submit the application.
  •  For issuing a new card, a processing fees of Rs 20 (plus applicable taxes) will be deducted from the subscriber's account.
http://articles.economictimes.indiatimes.com/2012-07-16/news/32698379_1_pran-card-nps-subscriber-nps-account

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