PFRDA makes mandatory upload of withdrawal/ KYC documents to exit from NPS

The Pension Fund Regulatory & Development Authority has made the mandatory upload of withdrawal/ KYC documents to enable seamless processing of exit and annuity for the benefit of National Pension System subscribers. NPS withdrawal documents According to PFRDA, the NPS subscribers and the associated nodal officers/POPs/ corporate need to ensure that the following documents uploaded in the respective CRA user interface and the documents thus uploaded are to be legible, A. NPS Exit/ Withdrawal Form B. “The common proposal for Exit from NPS and for buying annuity from ASP facilitates parallel processing of Lump sum component and Annuity due to which the time taken by ASPs while issuing Annuity Policies is significantly reduced which result in faster Subscriber servicing and timely Annuity issuance,” said PFRDA in a circular dated February 22, 2023. Subscriber needs to mandatorily upload KYC Documents, copy of PRAN card/ePRAN and Bank Proof at the time of submitting exit request.