Mail Sent on 04.05.2017 saying that account will not be blocked on non-Submission of FATCA Self-Certification Form for your PRAN under NPS
As per the latest instruction received from PFRDA/NPS Trust, PRAN would not be blocked on account of non-submission of FATCA Self-Certification. PFRDA / NPS Trust will issue revised guidelines on FATCA shortly.
Subscriber Care Team
Mail sent Earlier on 28.04.2017 by NPS Trust to its subscribers to provide status as per income-tax self-certification form along with documentary evidence i.e FATCA
Subject: Self-certification of Permanent Retirement Account Number (PRAN) under National Pension System (NPS)
We refer to your PRAN under NPS which is maintained with NSDL e-Governance Infrastructure Limited as Central Recordkeeping Agency for NPS and was opened on or after July 1, 2014
NPS Trust has been designated as a Reporting Financial Institution under section 285BA of the Income tax Act, 1961 (the Act) and is required to identify accountholders after carrying out the due diligence process as per Rules 114F to 114H of the Income-tax Rules, 1962 (the Rules).
NPS Trust has initiated due diligence process under the alternative procedure and in the light of the above, you are requested to submit a self-certification to NPS Trust regarding your status under Rules 114F to 114H notified under section 285BA vide Notification No. S.O. 2155 (E) dated 7 August 2015.
You are therefore requested to provide your individual status as per income-tax in self-certification form enclosed herewith along with documentary evidence within 7 days of receipt of this letter to NSDL e-Governance Infrastructure Limited as Central Recordkeeping Agency for NPS, 1st Floor, Times Tower, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai 400 013.
A Press Release dated 11 April 2017 was issued by Ministry of Finance wherein it was stated that in the event of non-receipt of self-certification form by 30 April 2017, the account(s) should be blocked and the transactions by the account holder in such blocked accounts would be effected once the duly filled self-certification is obtained.
In case you require any clarification or assistance with respect to the above, please contact
Ms. Ranjana Chavan / Ms. Mamta Jadhav at Tel. No. 022-40904242.
Authorized Signatory (NPS Trust)
PS: Please mention Self-Certification – FATCA/CRS Declaration Form on the envelope.