# Guidelines for CPS 25% Partial Withdrawal Process 2024

- Link: https://amaravathiteacher.com/guidelines-for-cps-25-partial-withdrawal-process-2024/
- Published: 2024-08-02T20:53:00+05:30
- Author: Venkat

## Guidelines for CPS 25% Partial Withdrawal Process 2024

Online CPS / NPS 25% Partial Withdrawal Latest Instructions by DTA AP Memo. No. 
F2/3058/2013 Dated:02/08/2024 . Cir.Memo. No. F2/3058/2013 Dated:02/08/2024

Sub:NATIONAL PENSION SYSTEM – Option of partial withdrawal from PRAN Account at 
Subscriber level – Instructions issued – Reg.

Ref:

 * 1.Cir. Memo. No F2/3058/2013, Dated 29/10/2018.
 * 2.Cir. Memo. No F2/3058/2013, Dated 19/07/2021.
 * 3.Cir.Memo.No.FIN02-160134/6/2020-F-SEC-DTA; Dated:21.05.2020.
 * 4. A mail received from NSDL-CRA, Dated.30.07.2024.

## Online CPS / NPS 25% Partial Withdrawal Latest Instructions by DTA AP Memo. No. F2/3058/2013 Dated:02/08/2024

Attention of the all DTAOs / PAOs / Treasury Officers in the state is invited to
the subject and references cited. They are informed that in the reference of 1st
cited, this office has issued procedural and comprehensive guidelines to all stakeholders
of NPS in the state for availing partial withdrawal under National Pension System
as per the provision of regulation no. 8 of the Pension Fund Regulatory and Development
Authority (Exit and withdrawal under National Pension System) Regulations 2015.

Recently, the Protean eGov Technologies Ltd., has enabled the facility of partial
withdrawal in the subscriber login where the subscriber himself shall initiate withdrawal
through OTP authentication / eSIGN verifcation at Subscriber level .

For clarifying this procedure, this office has contacted the Protean Authorities
and in response vide reference 4th cited, the Protean-CRA authorities have informed
that partial Withdrawal Initiation Functionality was enabled in the subscriber’s
Login and shared a Standard operating procedure with a request to share the SOP 
to the Treasury Offices.

Accordingly, the following steps are to be followed by the Treasury Officers / PAOs
for processing Online Partial Withdrawal request initiated by the subscriber in 
the CRA system:

## Guidelines for CPS 25% Partial Withdrawal Process 2024

I. After generation of online Partial withdrawal 601 form in the CRA by subscriber,
the concerned DDO have to verify and submit the counter signed form to concerned
Treasury along with self declaration form.

II. On receipt of the forms, the user (1st level at CRA) has to verify Mandatory
upload of documents and Acceptance of Self-declaration of the Subscriber for the
purpose of withdrawal.

III. If details entered or uploaded documents are not correct, then the user has
to click on “Reject” radio button and specify the reason for rejection of request.
Rejected withdrawal request has to be authorized by the User (2nd Level) in CRA 
login.

IV.If details entered or uploaded documents are correct, then the user (1st Level)
has to click on “Confrm” button and then CRA system verifes partial withdrawal request
and populates in the user (2nd Level) login at CRA for Authorization or Rejection.
If rejected subscriber partial withdrawal request gets cancelled.

V. On authorization of the withdrawal in online mode, the Central Record Keeping
Agency shall process the request in the CRA system and respective amount will be
directly transferred to the Subscribers Bank Account on electronic mode in T+3 basis.

VI.The Treasury officer / PAO shall record withdrawal information in the Watch register
maintained at their level for Partial withdrawal as instructed in the reference 
1st cited.

 VII. Physical Partial Withdrawal Form and supporting documents are not required
to submit by Nodal Ofcer.2 (TO / PAO) to the Protean-CRA for storage purpose initiated
by Subscriber through online in CRA through digital signature (OTP Authentication/
eSign).

VIII. In case of partial withdrawal request is directly initiated and authorized
by the Treasury Ofcer / PAO in the CRA system, the Nodal Ofcer.2 (TO / PAO) should
upload scanned PW form and supporting documents in CRA and these forms are not required
to submit to the CRA in physical mode.

Hence, all the District Treasury and Accounts Officers in the State shall take necessary
action to communicate these instructions to all the Divisional Sub Treasuries / 
Sub Treasuries / Drawing and Disbursing Officers under their jurisdiction for strict
compliance. They further instructed to verify the maintenance of watch registers
of partial withdrawal during their annual inspection of Treasuries under their jurisdiction.

[**Guidelines for CPS 25% Partial Withdrawal Process 2024 Download**](https://drive.google.com/file/d/1aYVBDiZCb2qnnBPigb1DteLLPngHTtoe/view?usp=sharing)

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