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New Pension System (NPS) – South Indian Bank acts as Point Of Presence (POP)
Pension Fund Regulatory and Development Authority (PFRDA), established by the Government of India on 23rd August 2003, launched the New Pension System (NPS) across the country with effect from 1st May 2009. PFRDA is mandated to act as a regulator for the pension sector.
South Indian Bank (SIB), upon willingness and technical preparedness, has been allowed by the PFRDA to act as one of the Point Of Presence (POP) Banks in the country. In fact, SIB is the single old generation private sector bank that has been permitted by PFRDA among the names of 22 POPs. SIB has identified 312 selected branches across the nation, to act as the Point Of Presence – Service Provider (POP-SP).
(1) Initial Customer Interaction for NPS, (2) Subscriber Registration, (3) Maintenance of hard copies and record of transactions, (4) Regular subscriber contribution file upload onto the Central Recordkeeping Agency (CRA) System, (5) Subscriber servicing, (6) Grievance handling are some of the key functions of the POP. Activities for providing all POP/POP-SP services to fully meet the requirements of PFRDA in serving the citizens of India are already implemented in SIB.
Click the Following Links:
List of Designated Branches
Subscriber Registration Form
1.Subscriber Registration Composite (Tier – 1 & Tier – II ) form
2.Tier –II Activation form – For Customer already having PRAN card
3.Tier –II Activation form – For Pre existing Tier- I A/c who have not been issued a PRAN card
NPS Contribution Instruction Slip(NCIS)
Subscriber Details Change Form
Scheme Preference Form
Tier-II Withdrawal Form
Brochure of NPS
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