Permanent retirement
account number (PRAN) is a unique number allotted to a National Pension System
(NPS) subscriber.
PRAN or / the account is portable and can be moved even
if a government servant moves to the private sector.
Form..!
One must submit Form
ISS - I. It can be downloaded from https:npscra.nsdl.co.in or you can get it
from an existing point of presence of the service provider (POP-SP).
Information..!
Name and address,
PRAN details, details of the existing and new POPSP need to be provided in the
form.
For all citizens..!
Subscribers have to
choose a pension fund manager. Investment options -active or autochoice--and
asset allocation must be indicated.
Shift to
government..!
Subscribers shifting
to central state government need to furnish employment details including salary
and department involved. The information needs to be attested by employer.
Bank details have to
be provided with cancelled cheque.
Shift to private
sector..!
Subscribers have to
provide employment, bank and PAN details. They also have to choose PFM and
investment option.
Process..!
Form with supporting
documents has to be submitted to target POP SP. A stamped acknowledgement is
given.Once details are verified, the change is communicated to the subscriber.
Points to note..!
PRAN should be
active. Details such as PRAN number, employer information and salary
information must be filled correctly as these are recorded in the NPS system.
Src: Centre for
Investment Education and Learning
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