PENSION FUND REGULATORY AND DEVELOPMENT
AUTHORITY
PFRDA/2013/11/PDEX/7
May 22, 2013
To,
All
POP’s, Aggreators, CRA, Central and State Governments,
Dear
Sir Madam,
Sub:
1. KYC documents required for entry & exit of National Pension System -
Addendum.
2.
Making PAN Card a Mandatory requirement for opening and operation of Tier II
account
Pursuant
to PFRDA’s earlier circular no PFRDA/2013/1/PDEX/25 dated 11.01.2013 with
respect to revised list of Know Your Customer (KYC) documents required for both
entry and exit under National Pension System, it has been decided to include
below mentioned documents in addition to the acceptable KYC documentation, on
the basis of feedback received from various entities registered under NPS:
|
Identification
Proof
|
Identity
card issued by Central/State government and its Departments,
Statuary/Regulatory Authorities, Public Sector Undertakings, Scheduled
Commercial Banks, Public Financial Institutions, Colleges affiliated to
Universities and Professional Bodies such as ICAI, ICWAI, lCSl, Bar Council
etc.
|
|
Address
Proof
|
The
identity card/document with address, issued by any of the following: Central
/ State Government and its Departments, Statuary/Regulatory Authorities,
Public Sector Undertakings, Schedules Commercial Banks, Public Financial
Institution for their employees.
|
2. It has also been decided to make submission of PAN Card a mandatory requirement for opening and operation of a Tier II account for all sectors under NPS with immediate effect to ensure compliance with AML/CFT guidelines.
In
pursuance of this, all existing Tier II accounts under NPS need to be made PAN
compliant. The subscribers would be given a time period of 3 months from the
date of issuance of this circular, after which the operation of such account
would be suspended till the requirement is complied with.
This
is for the information of all concerned. The circular has also been placed on
PFRDA website at http://www.pfrda.org.in and CRA website at
http://www.npscra.nsdl.co.in.
Yours faithfully,
Sd/-
Venkateswarlu Peri
General Manager
Source:
www.pfrda.org.in
