Sr. No.

Investment Summary

1. The ‘Investment Summary’ Section provides the Total Contribution in your account, Value of
your Holdings (Investments) and Total Notional Gain/Loss on your Investment. It also
provides overall Return on your Investment along with the Return for the financial year.

2. Return on Investments’ gives the annualized effective compounded return rate in PRAN
account and is calculated using the formula of XIRR. The calculation is done considering all
the contribution/redemptions processed in PRAN account since inception and the latest
valuation of the investments. The transactions are sorted based on the NAV date.

3. 'Returns for the Financial Year' gives the effective return rate for last financial year using the
formula XIRR considering all the contributions/ redemptions processed in PRAN account
since April 1, Opening Balance & Closing Balance and the latest valuation of the investments.

4. The above returns are based on scheme NAVs and the securities held under the scheme
portfolio are valued at Mark To Market (MTM) basis and are subject to change on NAV
fluctuations.

Investment Details

5. The 'Investment Details' section provides scheme wise details of the Total Contribution
processed in your PRAN account.

6. ‘Total Contributions’ in your account as on March 31, 2020 (in Rs.) indicates the cost of units
currently held in the PRAN account.

7. 'Unrealized Gain / Loss' (in Rs.) indicates the gain/loss in the account for the current units
balance in the account.

Account Management

8. The section “Account Management - Changes made during the Financial Year’ indicates all
the change requests processed in PRAN account during the period for which the statement is
generated.

Contribution/Redemption Details

9. The section 'Contribution/Redemption Details' gives the details of the contributions and
redemption processed in subscriber’s account during the period for which the statement is
generated. While contribution amount indicates the amount invested in subscriber’s
account, the redemption amount indicates the cost of units redeemed from the account. The
cost of units is calculated on a First-In-First-Out (FIFO) basis. The details are sorted based on
date when the transaction is posted in PRAN account, which may/ may not be the date for
allotment of the NAV.

Transaction Details

10. The section 'Transaction Details' gives the units allotted under different schemes / asset
classes for each of the contributions processed in subscriber’s account during the period for
which the statement is generated. It also contains units debited from the account for
redemption and rectification. The details are sorted based on date when the transaction is
posted in PRAN account, which may/may not be the date for allotment of the NAV.
 The Amount in the Closing Balance under the section 'Transaction Details' gives the cost of
11. investment of the balance units and not a sum total of all contribution and withdrawal. The
cost of units is calculated on a First-In-First-Out (FIFO) basis.

For transactions with the remarks “To Unit Redemption”, the cost of units redeemed are
adjusted against the total contribution in the Investment Details section. Further, the cost of
12. units is calculated on a First-In-First-Out (FIFO) basis. For calculating the ‘Returns based on
Inflows’, the actual redemption value corresponding to the units redeemed has been
considered.

Other Instructions

13. This scheme (NPS Tier I) qualifies for deduction u/s 80CCD of the Income-Tax Act, 1961(the
"Act")If you are an employee or if you are self-employed, you will be able to avail of
deduction on contribution made from your taxable income to the extent of (u/s 80 CCD (1)
of Income Tax Act, 1961).

 - 10% of Salary (Basic + DA) - if you are salaried employee.

 - 20% of your gross income - if you are self-employed.

However, please note that the maximum deduction from your taxable income is limited to
Rs.1.50 lac, as permitted under Sec 80 CCE of the Income Tax Act.

14. Due to review of transactions, units allotted to certain Subscribers may undergo a change.
Review of transactions carried out in order to protect the interest of Subscribers as directed
by PFRDA.

15. Further, an additional deduction from your taxable income to the extent of Rs. 50,000/- is
available only for contribution in NPS u/s Sec. 80 CCD (1B) of the Income Tax Act. To give an
example, your salary is Rs.15 lac per annum. On contribution of Rs. 2 lac, you can avail:

a. Deduction under Sec. 80 CCD (1) - Rs. 1.50 lac

b. Deduction under Sec. 80 CCD (1B) - Rs. 50,000

c. Total deduction (a+b) - Rs. 2.00 lac

Also note that your employer's contribution up to 10% of your salary is fully deductible from
your taxable income.

16. The Transaction Statement is dynamic. The value and other computations in the Transaction
Statement depend upon the date on which the Transaction Statement is accessed in CRA
system.

17. The balances and respective narrations reflecting in your account are based on the
contribution amount and details uploaded by your uploading office (PAO/CDDO) for Central
Govt. and (DTA/DTO) for State Government. In case there is no/short/excess contribution for
any month or no clarity in the narration, please contact your uploading office.

18. The narration appearing in the Arrear Contributions is as mentioned by your office at the
time of giving/uploading information to CRA. In case you do not find clarity in the narration
provided, you may kindly contact your PrAO/PAO/CDDO for Central Government and
DTA/DTO for State Government.
19. The contents of the Transaction Statement will be deemed to be correct and accepted by
you unless you inform us of any error/ discrepancy within 30 days of receipt of the
Transaction Statement.

20. There may be more than one credit appearing against a month. This may be due to monthly
subscription contribution being sent through multiple fund transfers on different days by the
PAO/CDDO for Central Government and DTA/DTO for State Government.

21. If you are a “Non IRA” subscriber please fill up the Common Subscriber Registration Form
(CSRF) and submit to your PAO/CDDO for Central Government and DTA/DTO/DDO for State
Government for issuance of the PRAN card. The CSRF can be downloaded from NSDL-CRA
website (www.npscra.nsdl.co.in).

22. With effect from August 1, 2019, NPS Trust would recover administrative charges/ expenses
@ 0.005% per annum of the Asset under Management (AUM) on daily accrual basis to meet
its expenditure.

23. As per the Gazette Notification dated January 31, 2019 issued by the Ministry of Finance
(Department of Financial Services), the Central Government Subscribers w.e.f. April 1, 2019
have the option of selecting the Pension Funds (PFs) and Investment Pattern in their Tier- I
account. The Subscriber can choose any one of the available Pension Funds and Investment
Option as per their choice. If the choice is not exercised by the Subscriber, NPS contributions
would be invested in the existing default schemes of the 3 Pension Fund Managers (PFMs),
viz, LIC Pension Fund Limited, SBI Pension Funds Pvt. Limited and UTI Retirement Solutions
Limited in a predefined proportion, as mentioned in the Statement of Transaction (SoT), as
per the guidelines issued by PFRDA.

24. Scheme preference can be changed once in a year and PFM can be changed once in a
financial year.

According to the Regulatory Guidelines, CRA follows the (T+3) Settlement Cycle. Subsequent
to authorisation of Withdrawal request by Nodal Office, request will be considered for pay-in
25.
on next working day and as per the stipulated settlement process the funds will be transfer
to the respective Subscriber’s (i.e. on T+3 settlement days).

If you have not provided your mobile number/email ID/Nomination at the time of
registration or the details provided earlier have changed, please get the same updated in
CRA system by submitting ‘Subscriber Details Change’ form (Form ‘S2’) to your PAO/CDDO
26.
for Central Government and DTA/DTO for State Government to update in the CRA system.
Also Mobile Number and Email ID can be updated by logging at CRA site (www.cra-nsdl.com)
using your PRAN as user ID or by accessing NSDL-CRA Mobile App.

27. As per Ministry of Finance Gazette Notification dated January 31, 2019, Central Govt. NPS
contribution has increased from 10% to 14% (of Basic Pay + Dearness Allowance).
Accordingly, feature has already been enabled for Central Govt. including CABs and for some
of State Govt. Subscriber in the CRA system wherein Nodal Offices can upload unequal
contribution. However, there will be validation that either of the contribution i.e.
(Government or employee) cannot be zero and Govt. contribution cannot be less than
employee contribution. This feature is by default applicable for Central Govt. Subscribers.
However, on request basis this feature will be enabled for CABs, State Govts and SABs.
28. In case of any other queries, you may contact CRA toll free helpline 1800 222 080/ 022-
24993499.Please keep your PRAN and T-PIN ready before calling.

LEGENDS

TERM DESCRIPTION

Legacy The contributions accumulated up to March 31, 2008 (except for Department of Post)
Amount and transferred to NPS by your uploading office. For Department of Post, contributions
accumulated upto August 31, 2008 and transferred to NPS by your uploading office.

Arrears Contributions transferred to NPS as an Arrear for the previous months by your uploading
office on account of pay revision etc. as reflected in the "Particulars" column.

NAV Net Asset Value is the underlying value of one unit and is computed daily, based on the
closing market prices of the securities in the fund's portfolio.
The daily NAV is available at https://npscra.nsdl.co.in/nav-search.php

Current value of Contribution in a Scheme = Current NAV of the scheme x Total Units in
the Scheme.