NPS Withdrawal Forms
The Indian government has separated all NPS Withdrawal Forms into the employees of the government or subscribers belonging to corporates.
Withdrawal Forms pertaining to Government employees
- Form 101GS - Employees in government service can avail of this form should they choose to withdraw their accumulated pension following their retirement
- Form 102GP - Employees in government service can avail of this form should they choose to withdraw their accumulated pension before their time of retirement
- Form 103GD - Nominees or any legal heir of an employee with the government, who is a part of the NPS, can avail of this form in order to claim the pension accumulated in the account of the subscriber.
Withdrawal Forms pertaining to Corporate Subscribers
- Form 301 - Corporate employees, as well as other individuals and citizens who opt for withdrawal of their total accumulated pension following retirement, can use this form
- Form 302 - Corporate employees as well as other individuals and citizens who opt for withdrawal of their total accumulated pension before retirement can use this form
- Form 303 - Nominees or any legal heir of a corporate employee can avail of this form in order to claim the pension accumulated in the account of the subscriber.
Withdrawal forms for Claimants on the death of Subscriber
There are separate forms which a nominee/legal heir is expected to submit in the event of the death of subscriber. The following forms can be used for this purpose.
- Form 103 GD – NPS withdrawal form can be used by a nominee/legal heir of a government employee who is covered under the National Pension Scheme. The nominee can fill this form to claim the amount in the account of a subscriber.
- Form 303 - This form can be used by a nominee/legal heir of a corporate employee/regular citizen enrolled under the National Pension Scheme. The nominee can fill this form to claim the amount in the account of a subscriber.
- Form 503 - This form can be used by a nominee/legal heir of an individual covered under the Swavalamban Sector. The nominee can fill this form to claim the amount in the account of a subscriber.
Documents to be submitted with forms
A subscriber/nominee who wishes to withdraw money from his/her account needs to submit the following documents with the relevant form.
- Original PRAN card. In the event of the original PRAN card being lost/stolen, an individual should submit a notarized affidavit stating reasons for non-availability of this card.
- Valid address and ID proof of subscriber.
- A canceled cheque with the name, bank account number and IFSC code of subscriber. In the subscriber/nominee wishes to do an online transfer then he/she should give a bank certificate containing relevant details.
- Age proof of subscriber – this could be a valid government ID card or matriculation certificate.
- A death certificate is required if a nominee is claiming the amount on account of the death of a subscriber.
- A nominee/legal heir should submit proof of their nomination if they are claiming the amount on account of the death of a subscriber.
- Address and ID proof of nominee – A nominee/legal heir should provide their address and ID proof before they can claim the amount on behalf of a dead subscriber.