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PRESENTATION ON

NEW PENSION

SCHEME BY WREU Presented By:

Vinod ManjrawalaSecretary PRTN Workshop, Divisional Jt. Secy.-BRC & CSBF Member

Contact No. 091-44034 (M) 09724091762 ; 09427534295

Email-vinodmanjrawala@yahoo.co.in

Motivation By:

Com. Umraomal Purohit ; Com. J. R. Bhosale

Santosh Pawar, Vikash Gupte, Sadhana Trivedi

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Objective & Reference

To be made aware about

various features of the New

Pension System including the

facilities available to becoming

IRA or non-IRA compliant.

Ref: WR HQ L.No.E(NPS)774/0

dated 09.12.2010 (PS-172/2010).

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New Pension Scheme-Orders New pension scheme introduced in Central

Government services including Railway service videFinance Ministry (Department of Economic Affairs)Gazette notification No. 5/7/2003-ECB&PR dated22.12.2003 (Sr.No.5 in section 1).

Existing Railway Service (Pension) Rules, 1993including Commutation of Pension Rules &Extraordinary Pension Rules and State RailwayProvident Fund Rules contained in IREC, Vol.I(1985Ed)(1995 reprint) shall not be applicable to newrecruits entering in railway from 01.01.2004.(Ref:R.B.L.No.F(E)III/2003/PN1/24 dated 31.12.2003 (RBO225/2003)

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NPS Type & Effective

It is called contributory

pension system.

Effective from

01.01.2004 & onwards

recruited employees4

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Salient Feature ofNew Pension System-1 Based on defined contribution – which will use the existing network of

branches and post office etc., to collect contributions and interact withparticipants allowing transfer of the benefits in case of change ofemployment and offer a basket of pension choices.

System is mandatory for all Govt. employees who join on after 01.01.04.

It has two Tiers i.e. Tier-I & Tier-II

In Tier-I, Govt. employee shall make compulsory Contribution @ 10% ofsalary

(Basic pay ) + DA & matching contribution will be made by Govt(investment) for other then running & doctors.

(Basic pay + 30% Running Allowance) + DA & matching contribution willbe made by Govt (investment) for running staff.

(Basic pay) + DA +NDA & matching contribution will be made by Govt(investment) for Doctors.

From 01.04.2004 to 31.12.2005 contribution @ 10% of salary (Basic pay) +DP + DA +NDA

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Salient Feature ofNew Pension System-2 From 01.01.2006 contribution @ Band Pay + grade pay + DA +

NPA (if admissible).

The contribution + investment deposited in non-withdrawalpension Tier-I account.

Existing benefit of pension/SRPF/GPF not available to newrecruits on or after 01.01.2004.

Tax benefit allowed on Tier-I only for contribution, accruals butterminal benefits will be taxed at applicable rate of financial year.

Tier-II is withdrawal account on option of Govt. employee & noany contribution in this account from Govt. In Tier-II, Govtemployee is free to withdraw part or whole of the money anytime. Tax benefit not allowed.

A govt. employee covered under new system can exist at or after

attaining the age of 60 yrs from Tier-I.6

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Salient Feature ofNew Pension System-3 At exist from Tier –I :

At the age of 60 years: it is mandatory forindividual to invest 40% of the pension wealthto purchase an annuity from IRDA (InsuranceRegulatory & development Authority) Whichwill provide for pension for the life time of theemployee and his dependent parents/spouse atthe time of retirement.

Before attaining the age of 60 years: themandatory annuitisation would be 80% of thepension wealth.

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Salient Feature ofNew Pension System-4 On death cases: own contribution + Government

investment + interest @ 8% p.a. on both (i.e. owncontribution + Government investment) to be paid to thelegal heirs.

If employee die or become permanently disabledduring service then he is eligible for AdditionalRelief on death/disability of Government servantscovered by the NPS(New Pension Scheme)recruited on or after 1.1.2004 for provisionalpension; gratuity etc.,(No. 38/41/06/ P&PW(A) dtd5th May, 2009)(PS-RBA-31/2009 No. 2008/AC/II/21/19 dtd 29.05.2009).

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Salient Feature of NPS-5 An independent Pension Fund Regulatory and

Development Authority (PFRDA) will regulate & developthe pension market.

Contribution deduction shall be effected from 1st of thefollowing month of recruitment. No deduction inrecruitment month.

Immediately on joining service, bill preparing officer willprepare service sheet & fill up PPAN / PRAN (PermanentPension/Retirement Account Number) form (S1) &submit to Associate Account for allotment of PPAN /PRAN number within month time. PRAN allottingauthority is PFRDA / NSDL. PRAN (S1) form is to beattach with Service Sheet/book which comprise ofnomination also.

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Salient Feature of NPS-6 PRAN is unique number allotted to each employees

remain same for change of employment also.

All details of your contribution & govt. share &investment details, latest balance etc can be seen on website with the help of PRAN (With I-Pin & Pass word).

FA&CAO i.e. nodal officer of zone & Dy.CAO i.e. nodalofficer of HQ office is made responsible for issue suitableinstruction at local levels.

16 digit PPAN is to be allotted for contribution ofemployee & government share by associated account.

Associate account officer will maintain Index registerwhich indicates name of employee, DOB, designation,name of office, pay band, grade pay, and nominee ofpension fund & PRAN/PPAN at the time of recruitment.

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Salient Feature of NPS-7 Bill Unit will advise PRAN(12 digits number)/PPAN

(16 digits number ) to concern employee first time.

Separate pay bills for Old & NPS as per today’s system.

Interest rate of GPF time to time is applicable to NPStill set up of system & then based on options/returns.

On transfer & change of job: balance transferred tonew unit/employer, PRAN number & up to whichmonth contribution made is to be advised only.

Tier-I can leave in case of resignation/left governmentservice only. Now can be continue in others services.

Tier-I contribution can be continue after age of 60 yrsbut government investment will be ceased on reachingat age of 60 yrs.

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Salient Feature of NPS-8 RPF staff also governs under NPS from 01.01.2004.

Compassionate ground appointment is also availableto NPS govern staff as it is govern by other rules.

From date of regularization in service, Contributionstarted.

Contribution on Arrear of DA & Pay is also permissiblein new NPS.

PRRDA will decide about nominee & beneficiaries ofNPS for pension to spouse & dependent parents. (Ref:RBE-05/2004 L.No. E(NG)II/2004/CL/16/Policy dated17.09.2004 ; RBE-21/2004 L.No. 2004/AC-II/21/1 dated22.06.2004 & RBA-39/2006 L.No. 2004/AC-II/21/1dated 01.08.2006).

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Salient Feature of NPS-9

Leave encashment is admissible similar as existing rulesas this is govern under leave rules (RBE-21/2004 & RBA-19/2004 Bd’s No. 2004/AS-II/21/1 dated 22.06.2004).

Retirement gratuity is admissible to NPS (RBA-39/2006Bd’s No. 2004/AC-II/21/1 dated 01.08.2006)

Counting of half period/length of qualifying service forthe purpose of retirement in case of substitute &temporary is no more useful due to NPS. (RBE-205/2004& Bd’s No. E(NG)II/2004CL/16/Policy dated 17.09.2004).

NPS not applicable to substitute & monthly rated casuallabour unless they are regularised. (RBA-43/2004 Bd’sNo. 2004/AC-II/21/1 dated 19.11.2004).

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Salient Feature of NPS-10 Employee recruited prior to 01.01.2004 as Apprentice &

absorbed or accepted new appointment by givingtechnical resignation as on or after 01.01.2004 is governedunder old pension system. (RBE-163/2005 Bd’s No.F(E)III/2005/PN1/35 dated 26.09.2005 & F(E)III/84/PN1/4dated 08.04.1985).

A military personnel who have been re-employed in civil orrailway service on after 01.01.2004 as fresh appointees willbe governed under NPS (RBA-40/2006 Bd’s No. 2004/AC-II/21/1Pt.II dated 04.08.2006).

CENTRAL GOVERNMENT EMPLOYEES WELFAREHOUSING ORGANISATION (CGEWHO) –NPS employeeis also eligible Para 4 (vii) of Greater Noida HousingScheme Rules/Brochure.

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NPS & Instructions related

website

Instructions is also uploadedon the Railway website atwww.indianrailways.gov.inRailway Board Directorates Accounts NPS.

www.npscra.nsdl.co.in15

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PPAN allotment system Allotment of Permanent Pension Account Number to

Railway Employee appointed as on 1.1.2004 & onwards(16 digit number issued by Associated Account)

(From left to Right)

1st to 04th digits - Calendar Year of allotment

05th digit - Ministry code by CGA - 5 for Railway

6th to 8th digits - Zone / PUs code-0 + existing Rly code

9th to 11th digits - Associate account code by FA&CAO

12th to 16th digits - Employee code starting from 00001

running from January to December

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IRA Complaint Subscriber

A subscriber who has registered byduty filling up the SubscriberRegistration Form (S1) and whoseaddress, photograph and signature aremaintained in Central RecordkeepingAgency (CRA) system is termed as IRAComplaint subscriber. Thesesubscribers have a PRAN Card issued

by CRA.

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Subscriber who is not having any PRAN Card is termed as Non-IRA Compliant subscriber.

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Non-IRA Complaint Subscriber

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PRAN CARD To IRA Complaint Subscriber

CRA issues a PRAN Card to all IRA compliantSubscribers which contain PRAN, subscriber's name,father's name, photograph and signature / thumbimpression.

Copy of PRAN Card eliminates the requirement of proof of identity, proof of address and proof of age during Tier II activation.

Copy of PRAN card is mandatory for withdrawals fromTier II account

in case of internal transfers within differentdepartments, PRAN card allows the nodal office to startmonthly contribution upload before receipt of Last PayCertificate (LPC).

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SMS and E-mail Alerts To IRA Complaint Subscriber

IRA compliant subscribers can register their mobilenumber and email id in CRA system and avail the facilityof SMS and E-mail alert.

Whenever a contribution is credited in the NPS accountSMS and email alerts are sent to the subscriber.

The facility is a available for both Tier-I and Tier-IIaccount

Alerts corresponding to contribution in Tier-I helpsubscribers to keep a track of monthly contributions.

CRA does not charge anything for the SMS and E-mailalert. This value added service is absolutely free.

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I-PIN To IRA Complaint Subscriber

CRA issues I-PIN to all IRA compliant subscribers which can be usedby them for the following.

Access the CRA system and check the account details like address,bank account details and nomination details for both Tier -I and Tier-II .

Subscribers can generate statement of holding for both Tier -I andTier -II which given them the latest valuation of their totalinvestment.

Subscribers can generate Statement of Transaction for the last threefinancial years including the current financial year for both Tier -I andTier -II accounts.

Subscribers can track the credit of monthly contribution into theirTier -I account.

Subscribers can register a complaint is raised, system generates atoken number which can be used later on to track status of thecomplaint.

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T-PIN To IRA Complaint SubscriberCRA also issues T-PIN to all IRA compliant subscriberswhich can be used by them to speak to out customer

service executives at our Toll-free helpline 1800 222 080for any query or complaint. They can also use the same T-PIN to access the Interactive Voice Response (IVR) systemand avail the services listed below:

Change of T-PIN

Check holding details

Check the status of any scheme preference or accountdetails change request

Check details of last contribution credit

Check details of last withdrawal request (for Tier II only)

Request for Statement of transaction for last 3 financialyears

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Yearly Statement of Transaction To IRA Complaint Subscriber

For IRA compliant subscribers, Annual AccountStatements are sent directly to the subscriber'sregistered address.

But for non-IRA compliant subscribers, thestatement is sent to the concerned PAO.

The Annual Account Statement also contains thedetails all the changes such as change innomination etc., happened in the account duringthat period.

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How to become an IRA Compliant Subscriber If you are still not an IRA Compliant subscriber, please

submit a duly filled S1 from to your DDO.

The form will be forwarded to a CRA – FacilitationCentres after authorisation by the concerned PAO.PRAN will be generated and the PRAN card will be

printed and despatched to the concerned PAO within20 days from the date of receipt of duly filledregistration form at the CRA – Facilitation Centre.

It is expected in the next 15 days the PAOs will ensurethat the PRAN cards are provided to the DDOs foronward distribution to the subscribers.

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NEW PENSION SYSTEM Government of India has started the New Pension

System (NPS) in 2004.

As a subscriber of NPS, you enjoy various facilitiesand rights including online access to you account,annual statement of transaction, portabilityacross jobs and locations, platform to raisegrievance etc.

Under NPS two types of accounts are available

(a) Tier - I account

(b) Tier – II account

Tier I account for employees joined service on orafter January 1, 2004

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NPS Conditions All who have joined service in Railways on or after January 1,

2004, are mandatorily covered under NPS.

Your monthly contribution towards pension is deductedfrom your salary. Monthly deduction along with youremployer's contribution is being invested in schemes ofthree PFMs as decided by PFRDA.

These PFMs in return allot units which are credited in yourPermanent Retirement account (PRAN) referred to as Tier Iaccount.

At present, at least 85% of your pension wealth is invested indebt instruments and up to 15% in equity and equitylinked mutual funds.

Any subscriber in NPS having an active Tier-I account hasthe option to open an investment and trading accountreferred to as 'Tier-II account'

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TIER II Account Tier II is a Pension Savings Account, with a facility for withdrawal

to meet financial contingencies.

Interfacing entity for Tier II account

PFRDA has appointed various banks and financial institutes asPoint of Presence – POP (similar to a PAO for your Tier I account).The registered branches of the POP are termed as Point ofPresence Service Provider – POPSP (similar to a DDO for yourTier I account). The list of POPSPs and ktheir contact details are

available in CRA website www.npscra.nsdl.co.in.

Once you submit your Tier II activation request to a POP-SP, itbecomes your associated POP-SP. For any request related to TierII account, you need to contact your associated POPSP. However,you can submit your request for contribution to any POPSP of anyPOP.

At present there are more than 4000 POP-SPs located across thecountry.

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Opening a Tier II account Tier II account is a voluntary saving

facility wherein the withdrawal is as persubscriber's choice. Any governmentemployee who is mandatorily coveredunder NPS can activate the Tier IIaccount by submitting duly filled fromUOS-S10 along with the copy of PRANCard and initial contribution ofRs.1000/- to any POP-SP.

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Key features of Tier II account You can enjoy unlimited number of withdrawals depending upon

your requirements. The only criteria is that you have to maintaina minimum balance of Rs.2000 at the end of Financial Year i.e., ason March 31st

Minimum amount for contribution is Rs.250/- and minimum04 contributions to be made in a financial year.

Separate nomination details and scheme preference at possible forTier II

Contributions can be made through any POP/POP-SP

You can access your account details through internet andtelephone using the same I-PIN and T-PIN received for Tier Iaccount

You can have a consolidated account statement for Tier -I andTier-II

For Tier -II account, no additional CRA charges for annualaccount maintenance

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Choice of fund managers

NPS offers you a choice of six fund managers as well as two

approaches to invest in your account

Scheme Preference :

NPS allows you to choose from any one of the following sixentities to manage your pension fund :-

(1) ICICI Prudential Pension Funds Management Company Ltd

(2) IDFC Pension Fund Management Company Limited

(3) Kotak Mahindra Pension Fund Limited

(4) Reliance Capital Pension Fund Limited

(5) SBI Pension Funds Private Limited

(6) UTI Retirement Solutions Limited

The NPS offers you two approaches to invest in your account :-

(a) Active choice – Individual Funds

(b) Auto choice – Lifecycle Fund

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Active choice–Individual Funds

You will have the option to actively decide as to how your NPSpension wealth is to be invested in the following three options :

E- "High return, medium risk " – investments in predominantly

equity market instruments

C -"Medium return, medium risk“ –investments in predominantly

fixed income bearing instruments

G -"Low return, Low risk" – investments in purely fixedincome

instruments.

You can choose to invest your entire pension wealth in C or G assetclasses and up to a maximum of 50% in equity (Asset class E). Youcan also distribute your pension wealth across E, C and G assetclasses, subject to such conditions as may be prescribed by PFRDA.

In case you decide to actively exercise your chose about investmentoptions, you shall be required to mandatorily indicate your choiceof Pension Fund from among the six Pension Funds appointed byPFRDA. 31

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Auto choice – Lifecycle Fund NPS offers an easy option for those participants who do not with

a specify the allocation for their NPS investments. In case youare unwilling to exercise any choice, your funds will be investedin accordance with the Auto Choice option. You will, however, berequired to indicate your choice of PFM. In case you do not doso, your form shall not be accepted by the POP-SP.

In this option, the investments will be made in a life-cycle fund.Here, the percentage of funds invested across three asset classeswill be determined by a pre-defined portfolio. At the lowest ageof entry (18 years), the auto choice will entail investment of 50%of pension wealth in "E" Class, 30% in "C" Class and 20% in "G"Class. These ratios of investment will remain fixed for allcontributions until the participant reaches the age of 36. Fromage 36 onwards, the weight in "E" and "C" asset class will decreaseannual and the weight in "G" class will increase annually till itreaches 10% in "E", 10% in "C" and 80% in "G" class at age 55. Thedetails of the asset allocation with respect to age is given in tablein next slide.

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Table for Lifecycle Fund

Neither the Active Choice nor the Auto Choice provides assured returns.

While exercising an Active Choice, remember that your investment allocation is one ofthe most important factors affecting the growth of your pension wealth. Please referto the offer document for details on the risk involved.

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Age Asset

Class - E

Asset

Class - C

Asset

Class - G

Age Asset

Class - E

Asset

Class - C

Asset

Class -G

up to 35 years 50 % 30 % 20 % 46 years 28 % 19 % 53 %

36 years 48% 29% 23% 47 years 26 % 18 % 56 %

37 years 46 % 28 % 26 % 48 years 24 % 17 % 59 %

38 years 44 % 27 % 29 % 49 years 22 % 16 % 62 %

39 years 42 % 26 % 32 % 50 years 20 % 15 % 65 %

40 years 40 % 25 % 35 % 51 years 18 % 14 % 68 %

41 years 38 % 24 % 38 % 52 years 16 % 13 % 71 %

42 years 36 % 23 % 41 % 53 years 14 % 12 % 74 %

43 years 34 % 22 % 44 % 54 years 12 % 11 % 77 %

44 years 32 % 21 % 47 % 55 years & Above

10 % 10 % 80 %

45 years 30 % 20 % 50 %

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Transactions in Tier II Account

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Transactions Description

Contribution You can contribute a minimum amount of Rs.250/- and the contribution request inNPS Contribution Instruction Slip can be deposited to any POP-SP.

Minimum number of contributions in a year is 04; however minimum of only 01contribution is mandatory in case a subscriber joins in the last quarter of a financialyear.

There will be a time lag between the time you deposit Cash/ Cheque / Demand Draftwith the POP-SP and the time of credit of units to your Tier II account which mayrang up to 7 working days contribution.

Withdrawal At any given point of time you can avail withdrawal facility. The accumulated units inyour account can be withdrawn as per your requirement. The steps for withdrawal from TierII account is given below :

You are requested to submit a written request (Form-UOS-S12, available at the CRA website

www.npscra.nsdl.co.in) to the POP-SP with whom you are associated.

The correct details and the type of withdrawal (partial/complete) needs to be mentionedin the request form (Form-UOS-S12)

Redemption (units withdrawal) will happen on T or T+1 depending on authorization ofrequest before or after 1.30 pm. T being the date of execution of your request by the POP-SP.

Latest available NAV will be considered for units' redemption. On T+3, funds willtransferred to the bank account of Trustee.

Bank which will transfer the funds to your registered banks account provided by youduring Tier-II activation.

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Transactions in Tier II Account

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Change ofSubscriberdetails

You can change nomination details and bankdetails by submitting a duly filled UoS-S2 form tothe associated POP-SP

Change ofPOP / POP-SP

You can change the associated POP-SP by eithersubmitting a request to the POP-SP to whom theaccount is mapped or by submitting a request tothe new POP-SP to whom you want the account tobe associated with.

Change ofSchemePreference

You can switch from one option (PFMs,Investment approach and asset allocation) toanother, but such transaction can be made onlyonce a financial year.

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Charges for Tier II The transaction charges of CRA as well as the POP charges

are same as of Tier I Account as given below :

* plus applicable taxes

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Intermediary Charge head Charges(Rs.)

Mode of recovery

CRA A/C Opening Charge & AMC

Nil Through cancellation of units on a quarterly basis.

CRA Charge Per transaction

6* Through cancellation of units on a quarterly basis.

POP (Maximum Permissible Charge for each Subscriber)

Charges for Tier II activation

20* To be collected upfront

POP (Maximum Permissible Charge for each Subscriber)

Charge Per transaction

20* To be collected upfront

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Employees joined before January 1, 2004 – Option of NPS If you have joined service in Railways before January 1, 2004,

you are not mandatorily covered under NPS. Nevertheless youcan join NPS on your own under "All Citizens of India" throughany ; Point of Presence Service Provider (POP-SP). At the time ofjoining, you can open only Tier I a/c or both Tier I & Tier IIaccount together. The feature for your Tier I account will differfrom those who joined service on or after January 1, 2004.However, all the features as mentioned above for Tier II accountwill be available to you. For details of the features of your Tier Iaccount, please refer to the Offer Document for "All Citizens ofIndia" on website http://www.npscra.nsdl.co.in. The forms, list ofPOP-SPs and their contact details are also available in website.

No. E(NPS) 774/0 dated 29.11.2010 P.S.No.172/2010 RailwayBoard's letter No. 2009/AC-II/21/6 dt.25.10.2010 (RBA No.31/2010).

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:Subscriber Login

User ID

Pass word

Submit Reset

Forget password ?

Check Grievance Status

Check Status using Receipt Number

Help/ Instruction for login

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Pleas enter your 12 digit PRAN Number

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Change pass word First time / Expired Your Password has expired. Please change your password.

* Mandatory Fields

Current Password *

New Password *

Confirm New Password *

Submit Reset

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Welcome to Subsciber

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Security Change Password Change

Secret Q/A

Account Details Personal Details

Statement of Transaction - T2

Grievance Log Grievance Request

Grievance Status View

Views Scheme NAV Details Request

Status - View Subscriber Tier-2 Details

Statement of Transaction Pre Unitization

SOT

User Maintenance Request Status View

Welcome subscriber 110020924603 XX-YYY-ZZZZ Home / Logout

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Details of Drop box issues Security ----.1. Change pass word

2. Change Secret Q/A

Account details (click) 1. Personal details

2. Statement of transaction

Subscriber Details:

PRAN 110020924603 [Status: Active ] PAN ACIPY0936F

Name SHRI RITESH RAJENDRAPRASAD YADAV Father's Name RAJENDRAPRASAD SUKHURAM YADAV

Gender Male Date of Birth 21-Jun-1986

Correspondence Address B-21 , JANPATH NAGAR , Permanent Address B-21 , JANPATH NAGAR , (Communication Address) DANTESHWAR DANTESHWAR, PRATAPNAGAR ,

PRATAPNAGAR, VADODARA VADODARA, Gujarat, India - 390004

Gujarat, India - 390004

Phone No. Fax No.

Mobile No. 09825790143 Email Id

SMS Subscription Flag No

Current Status of Subscriber Remarks

Nominee 1

Name SMITHEERAVANTHI DHEVI RAJENDRAPRASAD YADAV Date of Birth

Relationship MOTHER Percentage Share 100%

Major/Minor Major Guardian Name

Nominee Invalid Condition UPON MARRIAGE

Account No. 01960100018328 Bank Name BANK OF BARODA

Bank Branch PRATAPNAGAR BRANCH

Bank Address PRATAPNAGAR BRANCH VADODARA MICR Code 390012010 Pin Code 390004

Bank Account Type SAVINGS

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Scheme Preference Type Scheme Preference Type:

DEFAULT SCHEME SET-UP

PFM Name PFM ID Scheme Name Scheme ID Percentage Contribution

SBI PENSION PFM001 SBI PENSION FUND SM001001 34.0000

FUNDS PRIVATE SCHEME –

LIMITED CENTRAL GOVT

LIC PENSION PFM003 LIC PENSION FUND SM003001 34.0000

FUND LIMITED SCHEME –

CENTRAL GOVT

UTI RETIREMENT PFM002 UTI RETIREMENT SM002001 32.0000

SOLUTIONS PENSION FUND SCHEME-

LIMITED CENTRAL GOVT

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Web details Grievances ----1. Log grievances request

2. Grievances status view

Views-------1. Scheme NAV (Net Asset Value) details 2. Request status view

3. Subscriber tier -2 details

4. Statement of transaction

5. pre utilization SOT

User Maintenance ----1. Request status view

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Statement sample

Transaction Statement for the period of April 1, 2008 to July 13, 2012

PRAN: 110020924603 Name: RITESH RAJENDRAPRASAD YADAV

Status: IRA compliant B-21 JANPATH NAGAR DANTESHWAR, PRATAPNAGAR, VADODARA, Gujarat – 390004, India

Statement Date: Jul 14, 2012 01:47 PM

From 01-Apr-2008 To 13-Jul-2012

Change in Subscriber Details - No Records Found in Selected Period

Tier-1 Details

Change in Tier details - No Records Found in Selected Period

A) Accumulated Contribution up to March 31, 2008 (Legacy Amount) : Rs. 0.00 -No Records Found in Selected Period

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Monthly transaction details-1B) Transaction details - Regular (Monthly Contribution)

Date Contribution month Contribution Total (Rs.) SBI Pension Fund Pvt Ltd UTI Retirement Solution Ltd LIC Pension Fund Pvt Ltd

and year Emp (Rs.)Govt(Rs.) Amount(Rs.)NAV(Rs.)Units Amount(Rs.)NAV (Rs.)Units Amount(Rs.)NAV(Rs.)Units

17/9/10 August-2010 1044.00 1044.00 2088.00 689.04 13.4104 51.3810 668.16 12.9338 51.6599 730.80 12.9902 56.2577

14/10/10 September-2010 1044.00 1044.00 2088.00 689.04 13.5783 50.7456 668.16 13.1246 50.9089 730.80 13.1492 55.5775

16/11/10 October-2010 1121.00 1121.00 2242.00 739.86 13.6107 54.3587 717.44 13.1569 54.5295 784.70 13.1476 59.6838

09/12/10 November-2010 1121.00 1121.00 2242.00 739.86 13.5031 54.7918 717.44 13.2164 54.2840 784.70 13.0361 60.1943

TOTAL

C) Transaction details - Arrears Contribution

Date Contribution month Contribution Total (Rs.) SBI Pension Fund Pvt Ltd UTI Retirement Solution Ltd LIC Pension Fund Pvt Ltd

and year Emp (Rs.)Govt(Rs.) Amount(Rs.)NAV(Rs.)Units Amount(Rs.)NAV (Rs.)Units Amount(Rs.)NAV(Rs.)Units

17/09/10 JULY CONTRIBUTION 1044.00 1044.00 2088.00 689.04 13.4104 51.3810 668.16 12.9338 51.6599 730.80 12.9902 56.2577

09/12/10 D.A 155.00 155.00 310.00 102.30 13.5031 7.5760 99.20 13.2164 7.5058 108.50 13.0361 8.3230

12/09/11 PAY ARREAR 1317.00 1317.00 2634.00 856.05 14.0040 61.1289 895.56 13.5361 66.1608 882.39 13.5857 64.9499

14/11/11 D.A Arrear 183.00 183.00 366.00 118.95 13.7889 8.6265 124.44 13.4054 9.2828 122.61 13.4327 9.1277

TOTAL

D) Withdrawal details summary - No Records Found in Selected Period

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Monthly transaction details-2

(E) Present Value of Total Contribution

Particulars Total (Rs.) SBI Pension Fund Pvt Ltd UTI Retirement Solution Ltd LIC Pension Fund Pvt Ltd

Amount(Rs.)NAV(Rs.)Units Amount(Rs.)NAV (Rs.)Units Amount(Rs.)NAV(Rs.)Units

Total Accumulated 0 0 0 0 0 0 0

Balance as

on March

31, 2008 (Block A)

Total Regular

Contribution (Block B) 60936.00 20066.52 1428.7296 20028.72 1472.3447 20840.76 1531.6019

Total Arrears

Contribution (Block C) 9574.00 3144.42 231.4744 3123.68 237.9291 3305.90 251.1737

Total Contribution as

on 13/07/2012 70510.00 23210.94 1660.2040 23152.40 1710.2738 24146.66 1782.7756

NAV as on 13/07/2012 15.1575 14.6210 14.6940

Total value

as on 13/07/2012 76366.55 25164.54 25005.91 26196.10

The Date appearing against the credit is the NAV date i.e., date of Investment. The units shown against the credits are calculated based on the NAV (as mentioned) as on that date.

This is a computer generated statement and does not require any signature.

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Monthly transaction Note On May 1, 2009, PFRDA had revised the allocation ratio of funds (contribution remitted

by the PAOs/CDDOs) from 55:40:05 to 40:31:29 for the three PFMs - SBI, UTI and LICrespectively.

On July 19, 2010, PFRDA has revised the allocation ratio of funds (contribution remittedby the PAOs/CDDOs) from 40:31:29 to 33:32:35 for the three PFMs - SBI, UTI and LICrespectively.

On July 01, 2011, PFRDA has revised the allocation ratio of funds (contribution remittedby the PAOs/CDDOs) from 33:32:35 to 32.5:34:33.5 for the three PFMs - SBI, UTI and LICrespectively.

The balances reflecting in your account are based on the contribution amount uploadedby your uploading office (PAO/CDDO). In case there is no/less/excess contribution forany month, please contact your uploading office (PAO/CDDO).

The narration appearing in the Arrear contributions is as mentioned by your office at thetime of giving/uploading information to CRA. In case you do not find clarity in thenarration provided, you may kindly contact your PrAO/PAO/CDDO.

There may be more than one credit appearing against a month. This is due to monthlysubscription contribution being sent through multiple fund transfers on different days bythe PAO/CDDO.

In case you have not filled up S1 form for registration, please fill up the same and submitto your PAO/CDDO.

In case of any other queries, you may contact CRA toll free. helpline 1800 222 080.

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Legends Term Description

Legacy Amount The contributions accumulated up to March 31, 2008 (except for

Department of Post) and transferred to NPS by your uploading office

(PrAO/PAO).For Department of Post, contributions accumulated up to

August 31, 2008 and transferred to NPS by your uploading office

(PrAO/PAO).

Arrears Contributions transferred to NPS as an arrear for the previous months

by your uploading office (PAO/CDDO) on account of pay, pay revision

etc. as reflected in the "Particular" column.

Residue amount Amount credited in your account for compensating the residue

generated amount generated against your contributions. Residue is generated

re-credited due to arithmetical limitation of distributing the contributions

exactly as per the allocation ratio to the PFMs. PFRDA has re-credited

residue amount to PRANs having residue of Re 1.00 and above.

NAV Net Asset Value is the underlying value of one unit, it is computed

daily based on the closing market prices of the securities in the fund's

portfolio. The daily NAV is available at https://npscra.nsdl.co.in/nav-search.php Current value of Contribution in a Scheme = Current NAV of the scheme x Total Units in the Scheme.

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NPS subscribers of RailwayNumber of employee govern under NPS As on date:

Indian Railways : approximately 2,73,000 employees

Central & states: more than 16 lakhs

Number of employee will likely to govern under NPS :(in next two yrs)

Indian Railways : approximately 4,00,000 employees

Western Railway : approximately 22000 as on 01.08.2011

HQ- 363 ; BCT-6410; BRC-2892; RTM-3617; ADI-3705; RJT-1375;

BVP- 1297; CCG S&C- 43 others : 200 approximately

Workshops: PL-782; PRTN-82; SBI-172; BVP-67; DHD-617

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Rate of Returns of NPS Returns of NPS year wise :

2004-2008 08.00%

2008 - 2009 14.82 %

2009 - 2010 13.41 %

2010 - 2011 14.82 %

2011 - 2012 09.33 %

2012 - 2013

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Doubts & Quarry

Place your doubts one byone.

Place your queries one byone.

Use reference letters &website for more details.

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Comparison of New & Old Pension SchemeS.N. Details Old Pension Scheme NPS

01 Contribution of

Employee

Nil 10% of Basic + DA

+RA-NPA

02 Pension guarantee Yes by Govt. No

03 Amount of Pension 50% of last Pay As per share price

04 Pension decide by Government Share Market / PFMs

05 On Price rise Dearness Relief given Nil

06 Amount of Commutation

Up to 40% allowed Nil

07 PF Eligibility Yes No

08 PF withdrawal PF Temp: within 15 yearsPF Final: After 15 years

Tier -I Nil, Tier-2 withdrawable

Comparison of New & Old Pension SchemeS.N. Details Old Pension Scheme New Pension scheme

09 On death of Pensioners

Family pension givens Nothing, Now Provision subjected to Govt. decision

10 For Running staff 55% added to Basic Pay

No

11 Fees and charges Nil Fees will be deducted for CRA (NSDL) & Pension Fund Managers

12 Gratuity Yes, On death it is doubled

No.

Provisional allowed

13 Applicable from 16.11.1957 01.01.2004

Comparison of New & Old Pension Scheme

S.N. Details Old Pension Scheme New Pension scheme

14 Tier & Account Only one account in rly Tier-I (Non-withdrawal) & II(withdrawal)- With CRA

15 Tax Tax rebate on all deduction

Tax rebate on Tier-I & No Tax rebate on Tier-2

16 Pension Spouse. Unmarried /widow/Divorce daughter, Mentally retarded Son/daughter, mother father

Spouse, mother father

17 Correction Simple & within Rly Tedious & with NSDLS

18 Regular / Voluntarily retirement

Equal benefit On 60 yrs 60% paidPrior to 60yrs only 20% paid

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Comparison of New & Old Pension Scheme

S.N. Details Old Pension Scheme New Pension scheme

19 Education Easy even for illiterate Hardship for illiterate

20 Responsibility Associated Account Transferable

21 Medical facility after Retirement

RELHS-97

RELHS-97 applicable & Mandatory

RELHS-97 applicable not applicable- Insurance is under consideration

22

23

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The End

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