There is a latest NPS update coming from 1 October 2022 regarding e-nomination.
You can submit an online request for e-nomination to PFRDA which will be transferred to the Nodal officer.
Nodal officer will accept/ reject your request within 30 Days.
If no action is taken by the Nodal Officer within 30 Days, then your nomination will be accepted.
NPS Circular
The Pension Fund Regulatory and Development Authority (PFRDA ) has made certain changes to the process flow of making e-nominations to National Pension Scheme (NPS).
According to a circular issued on August 25, 2022, PFRDA stated that the nomination request would be accepted in the CRA system if the Nodal Office did not take any action against it within the allotted 30 days. The revision in the e Nomination process flow shall be effective from 1st Oct 2022.
PFRDA announced the availability of the e-Nomination service for NPS subscribers in a communication dated September 3, 2020. It has now been decided that the nomination request would be given to the Nodal Office with the option to accept or reject it.
A NPS subscriber must make a nomination in the prescribed form when they sign up for the National Pension Scheme.
In the e-Nomination, the Subscribers will also need to submit an online declaration stating that “I understand and consent to that nomination being made by me now shall be invalid ab initio if it is not consistent with Regulation 32 of the PFRDA (Exits and Withdrawals) Regulations, 2015 and amendments”, PFRDA stated.
If you want to open NPS account, contact us at +91 9460825477
