# NATIONAL PENSION SYSTEM – Partial Withdrawals – New Develpoment introduced in NSDL-CRA system – Processing of Conditional Withdrawal at NPS Subscriber Level – Information

- Link: https://amaravathiteacher.com/national-pension-system-partial-withdrawals-new-develpoment-introduced-in-nsdl-cra-system-processing-of-conditional-withdrawal-at-nps-subscriber-level-information/
- Published: 2021-09-14T19:03:02+05:30
- Author: Venkat

NATIONAL PENSION SYSTEM – Partial Withdrawals – New Develpoment introduced in NSDL-
CRA system – Processing of Conditional Withdrawal at NPS Subscriber Level – Information

Cir. Memo No. F2/3058/2013 Dated 14/09/2021

Ref: 1). Cir. Memo No. Even no, Dated: 29/10/2018 of this ofce.
 2). Cir. Memo No.
Even no, Dated:19/07/2021 of this ofce. 3). Mail received from NSDL-CRA , Dated:
02/09/2021. *-*-* Attention of all the Deputy Directors of District Treasuries in
the State is invited to the subject cited, vide reference in 1st cited guidelines
were issued regarding the processing of partial withdrawal of accumulated pension
wealth of the Subscriber under National Pension System, not exceeding twenty-five
percent of the contributions made by the Subscriber only, excluding contributions
made by employer, if any, at any time before exit from National Pension System, 
subject to the terms and conditions, purpose, limits and frequency. And vide reference
2nd cited, necessary instructions were issued to allow partial withdrawal requests
through Self-Declaration of  the subscribers without any supporting documents. In
addition to that, it was informed by the NSDL-CRA, that a new development was incorporated
in NSDL-CRA system regarding processing of Conditional (Partial) withdrawal requests
which are raised through online by the subscribers without Treasury Ofce authorization
with effect From 01st  September, 2021. And, the process of conditional withdrawal
request in new development was as under: 1. Subscriber will initiate a Conditional
withdrawal Request from  his / her CRA system login a. This request will be OTP 
based or b. AADHAAR e-Sign based.

2. Once OTP / e-Sign is successful, CRA system will check the subscriber’s bank 
details vis a vis the details present in CRA system (also called as penny drop verification)

3. For successful verifcations, CRA system will process the Conditional withdrawal
request, without further authorization from the Treasury Offe and funds shall be
credited to subscriber’s verified bank account. 4. If penny drop verification failed
due to mismatching of the details like Name of the subscriber, Bank Account number,
IFSC code, Pin code etc… in CRA system while comparing to soft copy uploaded by 
subscriber, then transaction is unsuccessful. 5. For un-successful verification,
CRA system will display a message to the subscriber after which he/she will have
to rectify the  bank details in CRA System. For rectifying the bank details in CRA
system, the subscriber needs to submit physical request to concerned Nodal office.
Hence, the Deputy Directors of District Treasuries in the State are requested to
take necessary action to communicate these information to all the Divisional Sub
Treasuries / Sub Treasuries / Drawing and Disbursing Officers under their jurisdiction.

Note:
 • The subscriber need to initiate either OTP authentication or e-Sign   the
request. • In OTP authentication, two distinct OTPs will be sent to subscriber registered
mobile number and E-mail id respectively. • E-Sign will be successful only, if name
as per CRA records and name as per UIDAI(Register for Aadhar)matches 100% and active
mobile number is available in UIDAI records. • Only after successful OTP authentication
or e-Sign, withdrawal request will be executed in CRA. N. Mohana Rao Encl: As above
Director of Treasuries and Accounts.(FAC)

[Download Proceedings](https://drive.google.com/file/d/1p3EkEsPDBjUxhaeC3wlLQg3xTrqrgtf2/view?usp=drivesdk)

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