Enter Keyword and Search

National Pension System (NPS) - Abbreviations and Definitions

with 0 Comment
National Pension System (NPS) - Abbreviations and Definitions

Abbreviations and Definitions of National Pension System compiled here under for your information. The key words are frequently used among the employees working in Central and State Governments...

The following words and expressions shall have the meaning specified below, unless the context otherwise requires:

ASP Annuity Service Provider
CGMS Centralised Grievance Management System
CRA Central Recordkeeping Agency
DC Defined Contribution
GRCGrievance Redressal Cell
GRM Grievance Redressal Mechanism
IMAInvestment Management Agreement
IPO Initial Public Offer
KYC Know your Customer
NPS National Pension System
NRA Normal Retirement Age
PFs/PFMs Pension Funds/Pension Fund Managers
PFRDAPension Fund Regulatory and Development Authority
POP Point of Presence
POP-SP Point of Presence – Service Provider (Authorized branches of POP for NPS)
PRA Permanent Retirement Account
PRANPermanent Retirement Account Number
TB Trustee Bank
FEMAForeign Exchange Management Act

Applicable NAV Unless stated otherwise in the Offer Document, 'Applicable NAV' is the Net Asset Value at the close of a Working Day.
Applicant An individual who has expressed interest in joining NPS and has duly completed all formalities.
Custodian Agency responsible for holding assets of the NPS Trust. Refers to the Stockholding Corporation of India Limited (SHCIL)
IMA Investment Management Agreement, entered into between NPS Trust and the Pension Funds.
Offer Document This document, issued by PFRDA, making an offer to potential applicants to subscribe to NPS.
RBI Reserve Bank of India, established under the Reserve Bank of India Act, 1934.
SubscriberAn individual who has become a member of the NPS
Unit holder Subscriber is also referred to as unit holder with respect to the units he/she owns.
Trust Deed The Trust Deed entered into between the NPS Trust and PFRDA, as amended up to date, or as may be amended from time to time.
Trust Fund The corpus of the Trust and all property belonging to and/or vested in the Trustees.
Working DayA day other than any of the following (i) Saturday or Sunday; (ii) a day on which banks including the Reserve Bank of India are closed for business or clearing and (iii) a day on which the Purchase and Redemption of Units is suspended.
Related Posts...


Post a Comment

Recent Stories...


90Paisa - Dedicated to Central Government Employees and Pensioners. As and when orders amending the rules are published by the Government, the amendment orders will be published in our blog immediately. Readers are requested to refer to the source link is given at the end of the post.
All efforts have been made to ensure accuracy of the content on this blog, the same should not be construed as a statement of law or used for any legal purposes. 90paisa accepts no responsibility in relation to the accuracy, completeness, usefulness or otherwise, of the contents. Users are advised to verify/check any information with the relevant department(s) and/or other source(s), and to obtain any appropriate professional advice before acting on the information provided in the blog.
Links to other websites that have been included on this blog are provided for public convenience only.
90paisa is not responsible for the contents or reliability of linked websites and does not necessarily endorse the view expressed within them. We cannot guarantee the availability of such linked pages at all times.
10 crore viewers…90 Paisa Blog touches new heights
Making a Mark Achieved 100 Million Page Views - "Central Government Employees News" Blog
We are proud of our latest accomplishment – 90Paisa Blog, the first ever blog for Central Government employees, has now crossed 10 crore hits!!!
From the bottom of our hearts, we express our sincere gratitude to all our patrons who have been supporting us all along.

Civilian Pay Matrix

Defence Pay Matrix

Popular Posts

Ever Green Posts

Ever Remembering Pots..!

Recent Posts