- Question:
- What are the documents required from Nominee/Claimant in cases of death Withdrawal request?
- Answer:
The Nominee/Claimant is required to submit duly filled-up Death Withdrawal Form alongwith supporting documents such as [Death Certificate deceased Subscriber, KYC Documents (Identity & Address Proof), Bank Account Proof and other required documents]. The list of documents required is given in Death Withdrawal Form. The Death Withdrawal Form is available under "Forms" section, which is available under All Citizens of India sector on this website.
Withdrawal Form needs to be submitted by each of the Nominee/Claimant
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- Question:
- What is the process to be followed by Nominee(s) / Claimant(s)?
- Answer:
The Nominee/Claimant is required to submit the Death Withdrawal Form alongwith relevant supporting documents to the associated Point of Presence (POP) of the Subscriber.
The POP will process death withdrawal request online in the CRA system. On processing of withdrawal request by POP, the funds will be transferred to Nominee/Claimant within stipulated timelines. Also, if annuity is opted by nominee/legal heir, then Claimant’s details are shared with Annuity Service Provider (ASP) for completion of annuity formalities.
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- Question:
- How does the Nominee/Claimant receive the Withdrawal proceeds?
- Answer:
The Withdrawal proceeds are credited in Nominee/Claimant Bank Account (as per the bank details provided at the time of initiating online Withdrawal request) through electronic mode only.
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- Question:
- How to process death case where multiple Nominees are registered in CRA system??
- Answer:
Such Withdrawal request will be processed as per below mentioned scenario:
- A)Withdrawal form needs to be submitted by all the Nominees registered in CRA system
- B)If some Nominee/s doesn’t want to claim the NPS corpus:
- Relinquishment deed is to be submitted by the Nominee/s who doesn’t want to claim the NPS benefits.
- Indemnity Bond is to be submitted by the Nominee who is claiming the NPS benefits
- Format of Relinquishment deed and Indemnity Bond is available under "Forms" section, which is available under All Citizens of India sector on this website.
- C)In case one Nominee is a major and other is a minor:
- Major Nominee will submit his/her Withdrawal form.
- Guardian (on behalf of minor) will submit the Withdrawal form along with the birth proof of the minor.
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- Question:
- How to process the death cases if no nominee is registered in CRA system for PRAN?
- Answer:
In case, the nomination is not registered by the deceased subscriber before his/her death, the accumulated pension wealth shall be paid to the family members on the basis of the legal heir certificate issued by the Revenue authorities of the State concerned or the succession certificate issued by a court of competent jurisdiction.
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