|National Security Depository Limited (NSDL) was appointed as the Central Record Keeping Agency (CRA) by the Pension Fund Regulatory & Development Authority (PFRDA) for Central / State Government employees covered under the New Pension System as well as for the employees of unorganized sector.
NSDL, in turn, appointed two Central Record Keeping Agency Facilitation Centers (CRA-FC) on all over India basis to provide the services to the employees of Central / State Government / Unorganized sector through its various offices across India.
The applications for allotment of Permanent Retirement Account Number (PRAN) are being received from the DDO / PAO at Alankit Facilitation Centers for the employees of the Central / State Government who have joined the services with the Government on or after 01.01.2004.
The New Pension System runs on contributory basis where both the parties i.e. employees and Government deposit their share in the pension scheme simultaneously every month. The funds are invested by the Fund Managers as per the choice of the subscribers. In case of unorganized sector subscribers, the applications are being received from Point of Presence Service Provider (POP-SP). The amount subscribed by the applicant is invested by the Fund Managers as per the choice mentioned in the application.