Section 5 of The Unified Pension Scheme: Permanent Retirement Account Number (PRAN)
Permanent Retirement Account Number (PRAN) Unified Pension Scheme
(1) An employee specified under clause (a) and (b) of sub
regulation (1) of regulation 4 who has opted for UPS option under NPS by submitting Forms A1 or A2, as may be
applicable and whose application has been duly authorised by the concerned PAO, in the manner specified under the said
regulation, shall be identified by a Permanent Retirement Account Number tagged to UPS.
(2) In respect of a person specified under clause (c) and (d) of sub-regulation (1) of regulation 4 and who has opted for
UPS option under NPS by submitting Form B2 or B6, as applicable and upon due authorisation by the concerned PAO,
shall be identified by his erstwhile PRAN, tagged to UPS.
(3) The CRA shall transfer the individual corpus of UPS Subscriber falling under clause (a) of sub-regulation (1) of
regulation 4, upon opting for UPS and after due authorisation by the concerned PAO, to the PRAN tagged to UPS in such
manner and within such timelines as may be determined by the Authority.
(4) UPS Subscriber may, in addition to his UPS account, have additional account under NPS (Tier I and Tier II) on a
voluntary basis under All Citizen model.