NATIONAL PENSION SYSTEM (NPS)

Exit from National Pension System Due to Premature Exit

Affix
Claim ID Acknowledgement No recent colour
To, photograph of
3.5 cm × 2.5 cm size /
NPS Trust. Passport size
Sir/Madam,

I hereby apply for the payment

of the accumulated pension wealth in my NPS Tier-I account as per the relevant provisions of the PFRDA (Exits and
withdrawals under NPS) Regulations, 2015 as amended.
Tier II:- The entire accumulated pension wealth in Tier II account would be paid along with lumpsum withdrawal of
Tier I account.
I herewith give below the necessary details:
Signature / Thumb Impression*
*In case of female right thumb Impression and in case of male left thumb Impression may be taken. of the Subscriber

Sr.No Particular Remarks

Section A - Subscriber’s Personal Details

Subscriber Sector* 1. Govt. Sector
2. All India citizens/corporate
3. NPS Lite / GDS
1. Organisation Name* (PAO/DTO/CHO/NLAO Name)
2. PRAN*
3. Full Name* First Middle Last
4. Subscriber Gender* Male Female
5. Father's Name* First Middle Last
6. Marital Status* Married Unmarried/Others
7. Maiden Name (In case of female married subscriber) First Middle Last
8. Spouse’s Name (only if subscriber is married & spouse is alive) First Middle Last
9. Spouse Gender (only if subscriber is married & spouse is alive) Male Female
10. Date of Resignation/Exit* DD / MM / YYYY
11. Date of Birth (As in PRAN Card)* DD / MM / YYYY
12. Aadhar/VID
13. PAN*
14. CKYC Number
15. Are you a Politically Exposed Person (PEP)* Yes No
16. Are you related to a Politically Exposed Person (PEP)* Yes No
17. Do you have any history of conviction under any criminal
proceedings in India or abroad?* Yes No

If Yes, please provide details

18. Contact details Mobile number* : +91
Alternate phone number :
E-mail ID* :
19. Subscriber’s full address with pin code*
(Please refer instruction No. 10 for documents to be submitted)

Section B - Subscriber’s Bank Details - (Please refer instruction No. 7)

20. Bank Account Number*# :
21. Bank Name*
22. Bank Branch Name and Address : The monthly pension and lump
sum amount would be deposited into this account and hence fill
in all the details carefully.*
23. IFSC Code (attach a cancelled cheque leaf or copy of bank
passbook /bank certificate containing IFSC code)*
Fields marked with * are mandatory. # Should be same where last salary credited in case of Government sector/Corporate sector subscribers

Section C - Subscriber’s withdrawal Details - (Please refer instruction No. 8)

Before attaining superannuation or attaining 60 / 65 years of age
a) Would you like to withdraw full amount (if less than or equal to 1 lakh) Yes No
or
b) Would you like to have normal Withdrawal (Lump sum & Annuity Withdrawal)# Yes No
# Please provide the Percentage of corpus that you wish to opt for lump sum withdrawals and purchase of annuity
% of corpus opted for lump sum withdrawal Percentage of corpus opted for purchase of Total (100%)
(Max 20%) annuity (Min 80%)
Section D - Subscriber’s Annuity Details (Please refer instruction No. 15 & 16) (Not to be filled in case of complete withdrawal)

Select Annuity Service Provider (please tick one of the below options as per your choice)
Life Insurance Corporation of India HDFC Life Insurance Company Ltd
ICICI Prudential Life Insurance SBI Life Insurance Company Ltd
Star Union Dai-ichi Life Insurance Company Limited

Select Annuity Scheme (please tick one of the below options as per your choice)
Annuity for Life
Annuity for Life with return of purchase price on death
Annuity payable for life with 100% annuity payable to spouse on death of annuitant
Annuity payable for life with 100% annuity payable to spouse on death of annuitant with return on purchase of annuity
NPS-Family Income option (Default annuity)
Other (Please Specify)

Select Annuity Frequency: Please tick one of the below options as per your choice. (For Government Subscriber, annuity frequency is monthly only)
Monthly Quarterly Half Yearly Annual

Date : DD / MM / YYYY * Signature/Thumb Impression of the Subscriber

*In case of female right thumb Impression and in case of male left thumb Impression may be taken

Section E - Subscriber’s Nomination Details*

Nomination Details: Applicable to those eligible sums as per regulations. Name :

Nominee must be immediate family member of subscriber (Spouse, Children Relationship : Percentage Share:
etc) in general except for exceptions as provided in Regulations. Date of Birth of Nominee (Only in case of minor) : DD / MM / YYYY
Guardian Name (Only in case of minor)
Guardian DOB (Only in case of minor)
Address & Contact Details :

Guardian Signature (Only in case of minor)

Name :
Relationship : Percentage Share:
Date of Birth of Nominee (Only in case of minor) : DD / MM / YYYY
Guardian Name (Only in case of minor)
Guardian DOB (Only in case of minor)
Address & Contact Details :

Guardian Signature (Only in case of minor)

Name :
Relationship : Percentage Share:
Date of Birth of Nominee (Only in case of minor) : DD / MM / YYYY
Guardian Name (Only in case of minor)
Guardian DOB (Only in case of minor)
Address & Contact Details :

Guardian Signature (Only in case of minor)

Section F - Subscriber’s Family Member Details* (To be filled in case subscriber has selected Joint Life Policy or NPS-Family Income option)
Family Member Details for providing annuity as chosen by the subscriber.

Sr.No. Details Full Name Aadhar/VID PAN$ Date of Birth

1. Spouse $
DD / MM / YYYY
2. Dependent Mother (if living) DD / MM / YYYY
3. Dependent Father (if living) DD / MM / YYYY
4. Child 1 (if living) DD / MM / YYYY
5. Child 2 (if living) DD / MM / YYYY
6. Child 3 (if living) DD / MM / YYYY
Note: In case of children being more than 3, please specify in an additional sheet.
Fields marked with* are mandatory.
$
Mandatory in case subscriber opts for Joint Life Policy & NPS-Family Income option
Declaration by the Subscriber
I I hereby declare and state that all the personal details provided by me in the form as above are true and correct to the best of my knowledge. I also agree that
NPS Trust / CRA shall not be held responsible/liable for any losses or delays that may arise due to provision of incorrect details including details pertaining to
bank account details provided by me. Further, I authorize the National Pension System Trust (NPST)/ CRA to share informations pertaining to my withdrawal
application with the Annuity Service Providers for facilitating the purchase of annuity in applicable cases as is required under NPS.

Date : DD / MM / YYYY * Signature/Thumb Impression of the Subscriber

*In case of female right thumb Impression and in case of male left thumb Impression may be taken.

Declaration by the Proposer: (Not to be filled in case of complete withdrawal)

I hereby declare that the foregoing statements and informations have been given by me after fully understanding the questions and the annuity options and the
same are true, accurate and complete in every manner and that I have not withheld or omitted to give any material information. I understand and agree that the
statements in this proposal constitute warranties. I do hereby agree and declare that these statements and this declaration shall be the basis of the contract of
assurance between me and Annuity Service Provider (Company) and that if there be any misstatement or suppression of material information or if any untrue
statement is contained therein or in case of fraud by me, which comes to the knowledge of the company at any future point of time, the said contract shall be
treated as per provisions of Section 45 of the Insurance Act 1938 or any other applicable provisions as amended from time to time.
I also understand and agree that the company shall additionally levy or recover all the applicable taxes like service tax, surcharges, cess etc. from the
premiums which are necessitated by various enactments of central and/or state legislatures from time to time.
I understand that the contract will be governed by the provisions of the Insurance Act 1938, and other applicable laws in India and that the contract will not
commence until a written acceptance of this proposal is issued by the company and that the benefits under the policy shall be subject to the terms and
conditions contained in the contract. I also agree that the amount held in proposal/policy deposit shall not earn any interest.
I further state that the product features and terms and conditions of the policy have been thoroughly explained to me and having understood, I consent to the
same.
I further understand that the final annuity amount would be subject to the actual corpus value to be utilised for purchase of annuity at the time of its issuance.
I also acknowledge and agree that the funds will not be returned to me in case I choose to cancel the policy under free look period. These funds will be payable
by company directly to any other annuity scheme chosen by me which is authorized and approved under the prevalent regulations and applicable rules.
Further, no interest will be payable to me on the funds held during this transition period.
I hereby authorize company to send information and servicing related communication regarding this proposal or resulting policy through Email/SMS/Phone Call.
I hereby authorize the company to provide me/our details to banks, financial institutions and third party service providers that the company may have tie-ups
with, for verification of proposal details and for servicing of policies.

Signature / Left thumb Impression of the

Signature of the witness Proposer

Affix a recent self signed

photograph

Name and Address of witness:

Place:

Date: DD / MM / YYYY

Declaration when Proposal form is filled by person other than proposer/proposer signs in a vernacular language/proposer is illiterate
(Not to be filled in case of complete withdrawal)

I hereby state that I have read out and explained the contents of this proposal form and all other I/We state that the product details, contents of
relevant documents to the proposer in language, he/she/they have this form and relevant documents have been
understood the same and agree to abide by the terms and conditions of the resulting policy and have fully explained to me/us and that I/We have fully
affixed his/her/their signature/thumb impression on the proposal form in my presence. understood them. I/We certify that the replies in
the proposal form have been recorded as per
the information provided by me/us.
Signature of the person
making the declaration

Name & Address

Signature / Left thumb Impression of the

Proposer
Place Date: DD / MM / YYYY
Section G - Declaration & Attestation by Nodal Office
TO BE FILLED/ATTESTED BY DDO/PAO/POP-SP
1. I/we have verified the documents as submitted by the Subscriber with the originals and authorized this application for processing of the subject claim
of the subscriber. It is certified that the details as provided in this application form are matching with the information available in the official record
maintained by us.The complete information provided in this form including declaration and nomination details have been provided by the Subscriber
Sh/Smt/Ms. after he / she having read the entries / entries
have been read over to him / her by me and got confirmed by him / her.
2. That all the contributions with respect to the Subscriber’s NPS contribution and employer contribution have been transferred in to the PRAN of the
subscriber and no further contributions are pending at Nodal Officer level. (only for government nodal office)
3. That Identity of the Subscriber is certified as provided in the withdrawal form above. The name of Subscriber as mentioned on the withdrawal form has
been verified and can be accepted as final.
4. It is certified that the bank account (Salary Account) details provided in the form is as per the salary records maintained in our office. The bank account
details (salary account) of subscriber as provided in bank details section have been checked and verified and the same can be accepted for payment.
(only for government nodal office).

Rubber Stamp of the DDO/POP-SP/NLCC

Signature of the Authorised Person

DDO/POP-SP/NLCC Registration Number

Designation of the Authorised Person : DDO/POP-SP/NLCC Office Name:

Date D D / M M / Y Y Y Y

Rubber Stamp of the DTO/PAO/POP/Aggregator

Signature of the Authorised Person

DTO/PAO/POP/ Aggregator Registration Number

Designation of the Authorised Person : DTO/PAO/POP/ Aggregator Office Name:

Date D D / M M / Y Y Y Y

[As per Regulation 3(b)/4(b)/5(b) of PFRDA (Exits and Withdrawals) under the Regulations, 2015]
(To be filled in case of complete withdrawal)
Request cum under taking form for withdrawal of total pension wealth before the age of superannuation and where the total pension wealth is
equal to or less than rupees 1,00,000/-.

I, S/D/W/o , aged about years,

residing at do hereby solemnly affirm and declare as under:

1. That I am a Subscriber of National Pension System, holding PRAN

2. That since the total amount receivable by me as the benefit receivable upon exit from NPS is Rs. which is less than/equal to the limit of Rs. 1,00,000/-,
I understand that I am eligible to opt for withdrawal of the total pension wealth under NPS rules/guidelines,
Basing on the above, I hereby opt to withdraw my complete pension wealth lying to my credit in my aforesaid PRAN account being the full and final
benefits receivable by me.
I also understand that with the aforesaid withdrawal, I or my family members shall not be entitled to receive any other or further benefits under the National
Pension System (NPS) including the benefits as provided under PFRDA (Exits and Withdrawals under the National Pension System) Regulations 2015.

Date : DD / MM / YYYY
Place : * Signature/Thumb Impression of the Subscriber

*In case of female right thumb impression and in case of male left thumb impression may be taken.

Date D D / M M / Y Y Y Y

Rubber Stamp of the DDO/POP-SP/ NLCC Signature of the DDO/POP-SP/ NLCC Registration No. of DDO/POP-SP/ NLCC

Date D D / M M / Y Y Y Y

Rubber Stamp of the Signature of the Registration No. of

DTO/PAO/POP/Aggregator DTO/PAO/POP/Aggregator DTO/PAO/POP/ Aggregator
 INSTRUCTIONS FOR FILLING UP THE FORM
This application should be filled by the Subscriber seeking to withdraw pension wealth on account of
Pre-Mature withdrawal
General Instructions: 9. For details of Annuity options and Annuity Service Providers, please read
1. As per NPS Trust directive, Withdrawal of benefits from NPS account instructions No. 15.
will not be allowed if NPS subscribers registered on or after July 1, 2014 10. List of documents acceptable as Proof Identity and Address for exit under
are NOT FATCA compliant. Hence, subscribers are requested to provide NPS (for all variants):-
FATCA Self-Certification online by log-in to NPS Account (www.cra-nsdl.
com). Alternatively subscriber can submit FATCA Self Certification to their Sl. Proof of Identity (Copy of Proof of Address (Copy of
Nodal Office. No. any one of the given below any one of the given below
documents) documents)
2. As per amendments made under Prevention of Money-Laundering
(Maintenance of Records) Second Amendment Rules, 2017, Withdrawal a Passport issued by Government Passport issued by Government
of benefits from NPS account will not be allowed if Aadhaar and PAN are of India. of India.
not seeded into PRAN. Subscribers are requested to seed their Aadhaar b Ration Card with Photograph. Ration card with photograph and
and PAN into NPS account before initiating withdrawal request residential address.
(Aadhaar not mandatory till Hon’ble supreme court order)
c Bank pass book or Certificate Bank Pass book or certificate
3a. It is advisable that subscriber fills in the Exit/Withdrawal form online with Photograph with photograph and residential
and takes a print out of online form and submits it to the nodal address.
office/POP along with KYC document for further approval/processing.
d Voters Identity card with Voters Identity card with
However, he/she has the option to submit the physical form to his nodal
photograph and residential photograph and residential
office/POP. The nodal office has to compulsorily submit the form in online
address. address.
mode only. Physical forms submitted to CRA will not be processed.
3b. Subscriber (other than government sector & Corporate) has an option to e Valid Driving license with Valid Driving license with
initiate a self-authorization using Aadhaar. This facility will be available photograph. photograph and residential
only if the NPS pension wealth is below threshold limit as prescribed address.
in PFRDA (Exits and Withdrawals under National Pension System) f PAN Card issued by income tax Letter from any recognized public
Regulation 2015 or circular issued by the authority. department. authority at the level of Gazetted
4. All the columns in the form should be filled with black ink pen without any officer like District Magistrate,
overwriting. Divisional Commissioner, BDO,
Tehsildar, Mandal Revenue
5. Fields marked with (*) are mandatory.
Officer, Judical Magistrate etc.
6. Correct postal address, including the pin code should be provided.
g Certificate of identify with Certificate of address with
7. Documents to be enclosed with withdrawal application form:
photograph signed by a Member photograph signed by a Member
i. Copy of the Address proof attested by the Nodal office in support of Parliament or Member of of Parliament or member of
of the address provided on the withdrawal form. The address on the Legislative Assembly. Legislative Assembly.
withdrawal form should match with address present on the address
h Aadhar Card/letter issued by Aadhar Card/letter issued by
proof.
Unique identification Authority of Unique identification Authority
ii. Copy of the Identity proof attested by Nodal Office. India. of India. Clearly showing the
iii. Copy of PRAN card (Not required in case of Government Sector address.
Subscriber) If Copy of PRAN Card is not available, print out of i Job Cards issued by NREGA duly Job Cards issued by NREGA duly
ePRAN or submit a duly notarized Affidavit as to the reasons of
signed by an Officer signed by an Officer
non-submission of the PRAN card.
of the State Government. of the State Government.
iv. Cancelled cheque (containing Subscriber Name, Bank Account
j Photo Identity card issued by Latest Electricity/Water bill in the
Number and IFS Code) or Bank Certificate/ Bank Passbook
Defence, Paramilitary and Police name of the subscriber / Claimant
Containing Name, Bank Account Number and IFSC code, for direct
Departments. and showing the address (Less
credit or electronic transfer.
than 6 months old).
8. Withdrawal preference:
k Ex-Service Man Card issued Latest Telephone bill in the name
i. Select the Withdrawal preference as Normal withdrawal or Complete by Ministry of Defence to their of the subscriber/ Claimant and
Withdrawal (if accumulated NPS wealth is less than or equal to
employees. showing the address (less than 6
Rs. 1 lakh).
months old).
ii. If subscriber selects the Normal withdrawal option, he/she needs
l Photo credit Card. Latest property/house Tax
to fill up percentage of allocation for amount to be withdrawn as
Receipt (not more than one year
Lump- sum and amount to purchase life annuity provided under
old).
Section C of the Form.
m – Existing Valid registered lease
iii. In case of percentage of withdrawal is not provided by the subscriber,
a default 20% of the accumulated pension wealth shall be paid as agreement of the house on stamp
lump sum to the subscriber and rest 80% of the amount shall be paper (in case agreement of the
utilised for annuity purchase.The subscriber needs to mandatorily house on stamp paper (in case of
provide the Annuity details under Section D - Annuity Details, in case rented/leased accommodation).
of Normal withdrawal. n Identity card issued by The identity card/document with
iv. The subscriber availing the complete withdrawal option (where the Central /State government address, issued by any of the
accumulated amount is less than Rs. 1 lakh) shall leave the Annuity and its Departments, Statuary following:
Details section and Subscriber Family Member Details blank and fill Regulatory Authorities, Public Central/State Government
up Request Cum Undertaking Form provided along with the Form. Sector Undertakings, Scheduled and its Departments, Statuary/
Commercial Banks, Public Regulatory Authorities, Public
v. If the accumulated pension wealth of the subscriber is more than
Financial Institutions, Colleges Sector Undertakings, Schedules
one lakh rupees but the age of the subscriber is less than the
minimum age required for purchasing any annuity from any of the affiliated to Universities and Commercial Banks, Public
empanelled annuity service providers as chosen by such subscriber, Professional Bodies such as Financial Institution for their
such subscriber shall continue to subscribe to the National Pension ICAI, ICWAI, ICSI, Bar Council Employees.
System, until he or she attains the age of eligibility for purchase of etc.
any annuity
11. The subscriber needs to provide his/her complete bank details like name The following are the variants that are available in India and with most of the
of the bank, branch, complete address of branch, account type and IFSC ASPs. Subscriber needs to select any of the below mentioned option on the
otherwise the form may get rejected by CRA. Please make sure there withdrawal form:
is no cutting attempt on this section. The lump sum payment shall be 1. Annuity for life - On death of the annuitant, payment of annuity ceases
directly credited to the bank account of the subscriber through electronic 2. A
 nnuity for life with return of purchase price on death - On death
mode of payment. of the annuitant, payment of annuity ceases and the purchase price is
If there is any change in Bank Details and Address details, subscribers returned to the nominee
are requested to update the same in CRA records prior to initiation of 3. Annuity payable for life with 100% annuity payable to spouse on
online withdrawal request. At the time of initiation of online withdrawal death of annuitant - On death of the annuitant, annuity is paid to the
request, updation of Bank Details and Address Details is not allowed. spouse during his/her life time. If the spouse predeceases the annuitant,
payment of annuity will cease after the death of the annuitant.
12. Subscriber of All Citizen model (including corporate sector) has to be part
of NPS for atleast 10 years as per Regulation 4 (b) of the PFRDA (Exits 4. A
 nnuity payable for life with 100% annuity payable to spouse on
and Withdrawal under National Pension System) Regulation 2015. death of annuitant with return on purchase of annuity - On death of
the annuitant, annuity is paid to the spouse during his/her life time and
13. Subscriber of NPS Lite seeking to withdraw pension wealth benefits before purchase price is returned to the nominee after the death of the spouse.
attaining the age of 60 years should be subscribing to the NPS for at least If the spouse predeceases the annuitant, payment of annuity will cease
25 years as per Regulation 5 (b) of the PFRDA (Exits and Withdrawal after the death of the annuitant and purchase price is paid to the nominee.
under National Pension System) Regulation 2015. This Condition does Note:
not apply to subscriber who have not received swavalamban credit.  lease note the exit from NPS and purchase of annuity from empanelled
P
14. The nodal office after verifying the completeness of the Withdrawal ASP are two separate processes. It is mandatory for subscribers to purchase
Form and supporting documents in all respects after signature/thumb annuity scheme from Annuity Service Providers (ASP) empanelled by
impression of subscriber and declaration and attestation of the authorized PFRDA. Post receipt of the form by ASP and completely satisfying themselves
person at nodal office shall send at below mentioned address for record of completeness of the form and KYC requirements, annuity shall be issued
keeping within 90 days from the date of approval: to subscriber.
NPS Claims Processing Cell, The more details on the availability of particular annuity scheme with an ASP
Central Record Keeping Agency, and annuity quotes etc. are available on the CRA’s website as per link below:
NSDL e-Governance Infrastructure Ltd, www.npscra.nsdl.co.in/annuity-service-providers.php
1st Floor, Times Tower, ASP Scheme Details and Annuity Selection Matrix may change. Please
Kamala Mills Compound, visit CRA website before filling Annuity Details. The list of empanelment of
Senapati Bapat Marg, Lower Parel, ASPs may undergo changes depending upon new empanelment of ASPs by
Mumbai - 400013. PFRDA from time to time.
16. Default Annuity Scheme (for Government Sector subscriber only)
15. Annuity Service Providers The subscriber upon exit from NPS shall have to purchase annuity with a
There are 5 Annuity Service Providers empanelled by PFRDA for providing minimum of 80% of the accumulated pension wealth which shall provide for
the annuity services to NPS subscribers as per the list provided below: annuity for life of the subscriber and his or her spouse (if any) with provision
• Life Insurance Corporation of India for return of purchase price of the annuity and upon the demise of such
subscriber, the annuity be re-issued to the family members in the order
• SBI Life Insurance Co. Ltd.
specified hereunder at a premium rate prevalent at the time of purchase of
• ICICI Prudential Life Insurance Co. Ltd. such annuity by utilizing the purchase price required to be returned under the
• Star Union Dai-ichi Life Insurance Co. Ltd. annuity contract (until all the family members in the order specified below are
covered) :
• HDFC Standard Life Insurance Co Ltd
(a) living dependent mother of the deceased subscriber;
Annuity selection matrix on the basis of Age and Corpus is as follows
(b) living dependent father of the deceased subscriber.
Annuity Service Provider Name Minimum Age Minimum Corpus After the coverage of all the family members specified above, the purchase
LIC Of India 30 1,00,000 price shall be returned to the surviving children of the subscriber and in the
absence of children, the legal heirs of the subscriber, as may be applicable.
SBI Life Insurance 40 2,40,000
However, the subscriber who does not wish to opt default option mentioned
ICICI Prudential Life 30 Any Amount above and wishes to choose the annuity contract of his choice from the
HDFC Life Ltd 30 Any Amount available annuity types or contracts with the annuity service providers may
choose an option as mentioned under instruction no.15 above.
Star Union Dai-ichi Life 45 1,00,000