intermediaries
       NAV as on 16-Aug-2018 : LIC Pension Fund Scheme Central Govt.- 25.6888     LIC Pension Fund SG Scheme State Govt. -22.9274     NPS LITE -Govt.pattern-21.1608     LIC Pension Fund Scheme Corporate CG-16.823    LIC PENSION FUND SCHEME E - TIER I- 19.0506    LIC PENSION FUND SCHEME C - TIER I- 15.9985    LIC PENSION FUND SCHEME G - TIER I-16.3825    LIC PENSION FUND SCHEME A - TIER I-11.2964    LIC PENSION FUND SCHEME E - TIER II- 15.8386    LIC PENSION FUND SCHEME C - TIER II -14.9877     LIC PENSION FUND SCHEME G - TIER II-16.451    LIC PENSION FUND SCHEME A - TIER II-10    LIC PENSION FUND ATAL PENSION YOJANA SCHEME- 12.964    
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Intermediaries:

Central Record Keeping Agency (CRA): Under NPS, Central Record Keeping Agency (CRA) will be required to maintain subscriber accounts and issue a unique Permanent Retirement Account Number (PRAN) to each subscriber, among other functions. CRA undertakes Record Keeping, Administration and Customers service. National Securities Depository Ltd (NSDL) and Karvy Computershare Private Limited have been registered as CRA for the NPS.

Pension Funds Managers (PFMs): Manage Investment of Retirement Savings of NPS. PFRDA has appointed three pension fund managers, namely LIC Pension Fund Ltd., SBI Pension Fund (Pvt.) Ltd. and UTI Retirement Solutions Ltd. for managing pension funds of Central and State Government, and Seven fund managers for managing the funds of unorganized sector.

Trustee Bank: Axis Bank Ltd has been appointed by PFRDA as the Trustee Bank for National Pension System (NPS) effective from 1st July, 2013. Trustee Bank as an intermediary is responsible for the day-to-day flow of funds and banking facilities in accordance with the guidelines/ directions issued by the Authority under NPS. It receives NPS funds from all Nodal Offices and transfers the same to the Pension Funds / Annuity Service Providers/other intermediaries as per the operational guidelines.

strong>NPS Custodian: Custodian Agency is responsible for holdings of the NPS Trust. NPS Trust has appointed Stock Holding Corporation of India Ltd as the custodian for the new pension system.

Annuity Service Providers (ASP): ASP will offer Annuity schemes to the Subscribers. Receive Funds from CRA & Pay Regular Monthly Annuity at the time of exit at retirement or earlier. The member has to purchase an annuity from one of the Life Insurance Companies regulated by IRDA.

Points of Presence (PoPs): PoP performs the functions relating to registration of subscribers, undertaking Know Your Customer (KYC) verification, receiving contributions and instructions from subscribers and transmission of the same to designated NPS intermediaries.

 
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