There is big news for that investment in the National Pension System (NPS).
The Pension Fund Regulator and Development Authority (PFRDA) has made a big change in the rules of NPS from 1 April 2023.
To make annuity payments faster and easier, PFRDA has made it mandatory for customers to upload selected documents.
Required new documents: 1- NPS Exit/Withdrawal Form 2- Identity Froff and Specialization
3- Address proof 7- Bank Account Proof 5- Copy of PAN Card
PFRDA has asked subscribers and nodal officers /pops /corporate to upload the concerned CRA user interface documents.
All these documents will now be required to upload to those who want to get annuity income from April 1, 2023.
According to the PFRDA circular, all nodal offices/POPs/corporate subscribers will tell about the importance of uploading documents.
Let us tell you that it takes several months to get a withdrawal and annuity from the National Pension System (NPS).