The need for financial flexibility and prudent management of retirement savings under the National Pension System (NPS) is underscored with the provision of the UOS S13 form. This particular form facilitates a one-way switch from the Tier II to Tier I account, which are components of the NPS aimed at securing post-retirement life for all citizens of India, including the corporate sector. Its design is straightforward, requiring information such as the Permanent Retirement Account Number (PRAN), the name of the subscriber, and the amount to be transferred, all to be provided in a clear, legible manner using capital letters and black ink. Additionally, it incorporates spaces for attestation by the Point of Presence - Service Providers (POP-SP), ensuring the process is authenticated at each step. The guidance provided for the form underscores the importance of accuracy and completeness with a clear instruction set, emphasizing mandatory fields, the format for dates, and the precondition that only subscribers with a Tier I account can make such a switch. Moreover, the form is structured to ensure transparency and accountability, providing space for acknowledgments and verification by the POP-SP, thereby reinforcing the trust in the process. This move, allowing for a seamless transition of funds for better management or consolidation of retirement savings, represents a critical component of the NPS's flexibility, underscoring its adaptability to participant needs.
| Question | Answer |
|---|---|
| Form Name | Form Uos S13 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | UOS S13 Form for One Way Switch nps one way switch form |
Annexure UOS - S13 |
Page 1 |
Request for One Way Switch (from Tier II to Tier I) under NPS
(Please fill all the details in CAPITAL LETTERS & in BLACK INK only.)
For
Receipt No.:
Entered By: ___________________________ |
Date: __________________ |
Verified By: ___________________________ |
Date: __________________ |
Date :
Sir/Madam,
Acknowledgement Number : (Generated by CRA)
I hereby submit a request for switch and give below the necessary details:
PRAN *:
Name of the Subscriber *: _______________________________________________________________________
Amount to be Switched (from Tier II to Tier I) : Rs.
(Amount in rupees)*:____________________________________________________________________________________
I_____________________________________________________________, the applicant, do hereby declare that Information stated above is true to the best of my information & belief.
Date :
Signature/ Thumb Impression
of the Subscriber
TO BE FILLED &ATTESTED BY
Rubber Stamp of the
Name and Signature of the
Acknowledgement for Subscriber
(To be filled by
Received from: |
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POP |
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(PRAN) |
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Received at: ____________________________________ |
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Date: ______________ Time Stamp:__________________ |
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Receipt Number |
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(To be provided by |
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Signature/Stamp of
Instruction for filling the Form:
1.All fields marked with * are mandatory. All dates should be in DDMMYYYY format.
2.Only the subscribers having Tier I account under NPS- All Citizens of India or Corporate Sector can request for ‘One Way Switch’.
3.The Subscriber shall submit the application only to the
4.The amount invested under Tier I after the execution of the switch request can be different from the requested amount to the extent of difference in NAV of two different days.