• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • DoPT
  • MACP
  • OROP
  • CSD
  • CG News Android App

CENTRAL GOVERNMENT EMPLOYEES NEWS

All about Central Government Employees News. Get the central govt employees latest news, DoPT Orders, 7th Pay Commission, DA Hike, latest notification for pensioners, MACP latest order, da for central government employees, and more.

  • 7th CPC
  • Railways
  • Pension
    • Retirement Age
  • Expected DA
    • Dearness Allowance
    • Dearness Relief
  • Defence
    • CGDA
  • EPFO
    • Employees News
      • KV School
      • Promotion
      • Maternity Leave
      • Reservation
      • LTC
    • ESIC
  • CGHS
  • MACP
  • Postal Dept
You are here: Home / NPS / FAQ for Scheme Preference under NPS for Central Government Subscribers
Cabinet approved 3% DA from Jan 2022 PDF
28% to 31% Revised DA Order 2021 for Central government employees due from 01.07.2021
CENTRAL GOVERNMENT HOLIDAY LIST 2022
CGHS Updated Rate Card 2021 PDF Download
Latest List of KV Schools in India | Contact Details of KVS Region Wise List 2022-2023 PDF
Central Government Holiday Home List 2022
Expected DA 2022
7th Pay Commission Latest News 2022
Latest DoPT Orders 2022
MACP for the Central Government Employees

FAQ for Scheme Preference under NPS for Central Government Subscribers

April 6, 2019 by admin Leave a Comment

Frequently Asked Questions (FAQs) for Scheme Preference under NPS for Central Government Subscribers

Is the choice of Pension Fund and Investment Pattern available for Subscriber under Tier I?
As per Ministry of Finance Gazette Notification dated January 31, 2019, the Central Government Subscribers, from April 1, 2019, will have the option of selecting the Pension Funds (PFs) and Investment Pattern in Tier I account. A Subscriber can choose anyone of the available PFs and Investment Option as per their choice. If the choice is not exercised by the Sub scriber, NPS contributions will be invested in the existing schemes – LIC, SBI and UTI will act jointly as default P Fs as per the guidelines issued by the Government of India/ PFRDA. For more details on ‘Investment Option ‘, please refer ‘Information on Scheme Preference’ available on CRA website (www.npscra.nsdl.co.in).

Is the choice o f Pension Fund and Investment Pattern can be exercised at the time of registration under NPS?
Yes, a Subscriber is allowed to select the Pens ion Fund and Investment Pattern as per his/ her choice at the time of registration under NPS. The Subscriber is required to provide the relevant details in the Subscriber Registration Form (CSRF).

What are the Investment Options available for Subscriber under Tier I?
The Subscriber can select anyone of the following investment schemes:

  • Scheme G – 100% of contribution will be invested in Government Bonds and related instruments.
  • Scheme LC 25 – It is the Life cycle fund w here the Cap to Equity investments is 25% of the total asset.
  • • Scheme LC 50 – It is the Life cycle fund w here the Cap to Equity investments is 50% of the total asset.

If the choice is not exercised by tile Subscriber, NPS contributions will be invested in the existing schemes – LIC, SBI a/ld UTI as per the guidelines
issued by the Government of India/ PFRDA. For more details on ‘Investment Option’, please refer ‘Information on Scheme Preference’ available on CRA Website (www.npscra.nsdl.co.in).

How can a Subscriber change a Scheme Preference?
There are two options available to the Subscriber – Online as well as offline.

Online: The Subscriber can change Scheme Preference online through his/her NPS account log-in. Subscriber Call follow the simple steps as given below :

a. Go to your NPS account and log-in .
b. Click on sub menu “Scheme Preference Change” under main menu “Transaction”.
c. Select Tier type and Change the Scheme Preference as you intended to do.

Alternatively, the Subscriber can also submit physical request (Form GOS-S3) to his/her associated Nodal Office. The form GOS-S3 can be freely
downloaded from CRA Website. On receipt of physical request, the Nodal Office will update the Scheme Preference in the CRA system.

How many times a Subscriber can change ‘Scheme Preference’ ?
Yes, you have the option to change your Pension Fund manager. At present, the Subscriber can change the Pension Fund Manager once in a Financial Year.

‘What will happen to the contributions accumulated in NPS account till March 31,2019?
The legacy contributions i.e. contributions accumulated in NPS account till March 31,2019 will remain invested in the existing schemes – LIC, SBI and UTI will act jointly as default PFs as per the guidelines issued by the Government of India (GOI)/ PFRDA. Redemption and transfer of accumulated contributions will be carried out once guidelines and modalities are provided by GOI/ PFRDA.

Will there be any change in the Transaction Statement?
Yes. Transaction Statement will undergo a change for the PRANs having legacy contributions i.e. contributions accumulated in NPS account till March 31, 2019. For the Subscribers who have opted new schemes, the Investment details of the legacy schemes, and of the new scheme will be shown it two separate tables in the Transaction Statement.

Whether Subscriber can select ‘Scheme Preference’ at the time of shifting to Central Government?
The Subscriber will have the option of selecting the Pension Funds (PFs) and Investment Pattern in Tier I account at the time of shifting to Central Government. The Subscriber is required to provide the relevant details in Inter Sector Shifting (ISS) Form.

Whether a Non-IRA Subscriber can change ‘Scheme Preference’ under NPS?
At present, Non-IRA Subscribers do not have the option of ‘Scheme Preference’ change. A Non-IRA Subscriber should first submit the physical registration form to become an IRA compliant Subscriber. Once he / she becomes IRA, the Subscriber can change the Scheme Preference .

Is the choice of Pension Fund and Investment Pattern available for Subscribers under Central Autonomous Bodies (CABs)?
At present, the Subscribers under CABs do no t have the option of selection of Pension Fund and Investment Pattern under NPS. In case of CABs, NPS contributions will be invested in the existing schemes – LIC, SBI and UTI as per the guidelines issued by the Government of India / PFRDA.

Related to Your Search:

  • Allowing multiple choice to the subscribers/corporates to change Investment Option and Asset Allocation Ratio during the Financial Year
  • Withdrawal from New Pension Scheme – Ministry of Finance
  • Pension Funds and Investment Pattern in Tier-I of NPS for Central Government subscribers
  • Gazette Notification – NPS Contribution 14% of Basic Pay plus DA by the Central Government
  • 14 percent of the Basic Pay plus DA by the Central Government Contribution in NPS – Gazette Notification
  • New Features Released For NPS Subscribers
  • What are the tax benefits of NPS?
  • PFRDA Increase of Entry Age up to 70 Years under NPS – NPS withdrawal after 60 years
  • PFRDA has been established inter-alia is to protect the interests of subscribers of NPS and other pension schemes

Filed Under: NPS Tagged With: Central Government Employees, Central Government Subscribers, FAQ, NPS, NPS Scheme Preference, pension fund

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


CENTRAL GOVT HOLIDAY LIST 2022

Post Office Holidays 2022 | Kerala Holidays 2021 | Delhi Holidays 2021 | Mumbai Holidays 2021 | Telangana Holidays 2021 | Central Govt Office Holiday 2021 in Hyderabad | Chandigarh Holidays 2021 | Kolkata Holidays 2021 | Railway Holidays CG Office Holidays 2022 | TN Govt Holidays 2022 | TN Restricted Holidays 2021 | Bank holidays 2021 | TN Bank Holidays 2021 | BSNL Holidays 2021 | Chhattisgarh Holidays 2021 | Gujarat Holidays 2021 | Goa Holidays 2021| KVS Holiday List 2022 PDF | List of CSD Holidays 2021

Primary Sidebar

Important Dates for
KVS Admissions in 2022-2023
Admission DetailsDate
Registration Starts On28.2.2022
Registration Ends On11.4.2022
1st Selection List25.3.2022
2nd Selection List01.4.2022
3rd Selection List08.4.2022
Registration Class 208.4.2022
Selection List Class 221.4.2022
Last Date for Admission 30.6.2022
KVS Class 1 Admission Selection List 2022 and Result Release Date
Important Central Government Employees Orders

  • MACP Scheme for Original Order Dated May 2009
  • 7th Pay Commission Revised Pay Matrix Table for Central Government Employees – Pay Matrix Level 12
  • CSD Canteen Price List 2021
  • CSD Latest Price List of Samsung Electronics items
  • CSD Military Canteen Products List 2020
  • CSD - Eligibility to buy cars 2020
  • FAQ - Central Government Employees - CCS
  • FAQ - Indian Air Force Pensioners
  • FAQ - About NPS

Archives – CG News

Categories

  • 6CPC (174)
  • 7CPC (2,041)
  • 8th Pay Commission (5)
  • Additional DA (5)
  • AICPIN (150)
  • Allowance (362)
  • Bonus (212)
  • BSNL (92)
  • CCS (185)
  • Central Government Jobs (175)
  • Central Govt Holiday Homes (5)
  • CGDA (116)
  • CGHS (455)
  • CPSE (61)
  • CSD (71)
  • CSS (113)
  • DA Over 50% (124)
  • Dearness Allowance (680)
  • Dearness Relief (81)
  • Defence (587)
  • Directorate of Estates (58)
  • DOPT Orders (1,394)
  • ECHS (7)
  • Employees News (2,449)
  • EPFO (204)
  • ESIC (28)
  • Expected DA (414)
  • expected da january 2020 (9)
  • Fin Min Order (3)
  • General news (1,991)
  • GFR (1)
  • GST (48)
  • Holidays (181)
  • HRA (81)
  • Income Tax (229)
  • IT Exemption (90)
  • KV School (284)
  • Latest News (1,303)
  • LDC-UDC (73)
  • Leave Rules (17)
  • Loan (16)
  • Lok Sabha Elections 2019 (15)
  • LTC (219)
  • MACP (254)
  • Maternity Leave (8)
  • NPS (91)
  • OROP (160)
  • Pension (1,246)
  • Postal Department (465)
  • Promotion (208)
  • Railways (1,500)
  • Rank Pay (57)
  • Reservation (97)
  • Retirement Age (187)
  • TDS (2)
  • Uncategorized (1)
  • Wages (1)

Recent Comments

  • RIYAZ on IPPB – Micro ATM
  • surajit gain on Central Government Employees Group Insurance Scheme 1980 – Finmin issued tables of Benefits for the savings fund for the period from 01.01.2016 to 31.12.2016
  • Prakash jani on Indian Railways Holiday Homes on Shimla, Manali and Nainital Address
  • Naresh T on 7th Pay Commission Pay Matrix Table Level 6 to 9
  • admin on 7th Pay Commission Pay Matrix Table Level 6 to 9

7th CPC DA Arrears Ready Reckoner Tables for all Level

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-1 (GP 1800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-2 (GP 1900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-3 (GP 2000)

  • 7th CPC DA DA Arrears Ready Reckoner Tables for Level-4 (GP 2400)

  • 7th CPC DA DA Arrears Ready Reckoner Tables for Level-5 (GP 2800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-6 (GP 4200)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-7 (GP 4600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-8 (GP 4800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-9 (GP 5400)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-10 (GP 5400)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-11 (GP 6600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-12 (GP 7600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-13 (GP 8900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-13A (GP 8900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-14 (GP 10000)

Pay Matrix Table for Air Force PBORs

7th Pay Commission Option Form Ready Reckoner For All Grade pay

central government news
Follow us on : facebook-central-government-news twitter-central-government-news pinterest-central-government-news

Footer

Central Government Employees News | Central Government News | Central Govt Employees News | Central Government Jobs & Orders | Central Government Latest News | central government employees news latest update | expected pay central govt employees | latest news macp central govt employees | Central govt employees news 7th pay commission

central government employees news

Central Government News App for Android Users – Free!! Download Now

 

7th CPC | CGDA | CGHS | CPSE | CSD | CSS | Dearness Allowance | Dearness Relief | Defence | DOPT Orders |
EPFO | ESIC | Expected DA | GST | Holidays | HRA | Income Tax | KVS | Leave Rules | LTC | MACP |
Maternity Leave | NPS | OROP | Pension | Postal Department | Promotion | Railways | Rank Pay | Reservation | Retirement Age

Copyright © 2022 · Magazine Pro on Genesis Framework · WordPress · Log in