The subscriber wishing to exit from National Pension System has to submit a Withdrawal Application Form to the concerned POP along with the documents specified below for withdrawal of the benefits. Following documents are required to be submitted along with the withdrawal forms in order to settle the claims:
PRAN card in original
Attested copy of proof of identity (e. g. Passport, Aadhar Card, PAN Card, valid Driving License, Voter ID Card etc.)
Attested copy of proof of address (e. g. Passport, Aadhar Card, Valid Driving License, Voter ID Card etc.)
Cancelled cheque (containing Subscriber Name, Bank Account Number and IFSC Code) or Bank Certificate containing Name, Bank Account Number and IFSC code, for direct credit or electronic transfer.
The POP would authenticate the documents and forward them to Central Record-keeping Agency (CRA) the National Security Depository Limited (NSDL).
CRA in turn would register the claim and forward the necessary application form along with the procedure to be followed and documents that need to be submitted.
Once the documents are received, CRA processes the application and settles the account.