NATIONAL PENSION SYSTEM Contributory Pension Scheme Instructions for uploading the CPS subscriptions Memo No. FIN02-160134/7/2020-F SEC-DTA Dated 04/06/2021
NPS Contribution Instructions for uploading the CPS subscriptions Memo No. FIN02-160134
Attention of all the Deputy Directors of District Treasuries in the State is invited to the references cited.
It is informed that CPS data for the month of Jan 2021 and Feb’ 2021 paid in Feb’ 2021 and Mar’ 2021 respectively, including pending data of the earlier period is provided access to all the Unit Officers.
They are therefore requested to take necessary action to process it for generation of text fles and upload them to the CRA as per the procedures prescribed, positively by Jun 09, 20 21. This process contain some arrear data also and therefore, it may take some long time to get the desired output.
They shall also take immediate follow-up action to transfer funds as per the orders issued in GO Ms. No. 196, Dated 14/2/07/1011 of Finance (Pen. I) Department and instructions issued in this office memo 01st cited. Since it is a regular subscription upload, Government contribution shall be adjusted from the
HOA: 1071-01-117-00-04/2-310-311-VN to the HOA: 834/21-00-117-11-04/2-001-001-VN.
They should take action to minimize the time gap between SCF upload and funds transfer. The process of drawl of funds and their transfer should be completed on T* + 2 basis as already instructed in this office Circular Memo 04/2th cited.
They are specifcally informed that, the validity period of SCF /Trans ID is ten days only. They should transfer the funds within fve days.Otherwise the Trans ID gets lapsed.
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