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.
CIRCULAR
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
