Contributory Pension Scheme-CPS and PRAN Complete Details

CONTRIBUTORY PENSION SCHEME (CPS). Employees (Teachers) who got recruitment on or after 01.09.2004 have to come under the New Contributory Pension Scheme CPS in both Telangana and Andhra Pradesh States. In this CPS Scheme employees have to deduct 10% of their Basic Pay & D.A towards their contribution and Government will add the same amount to their Contributory Pension Scheme Accounts (CPS acounts called PRAN). The Complete details of the CPS Scheme and the investment strategy is presented by apteachers.in is as follows::
  • At present, there is only one default scheme for Tier I for Government employees. In the default scheme, the contribution is allocated to three PFMs, viz. SBI Pension Funds Private Limited, UTI Retirement Solutions Limited and LIC Pension Fund Limited in a predefined proportion. At present the allocation of funds to three PFMs is as follows: LIC Pension Fund 33%, SBI Pension Funds Pvt Ltd 33%, UTI Retirement Solutions 34%.
  • Previousely On May 15, 2013, Government has revised the allocation ratio of funds (Contribution remitted by the DTA/ DTOs) from 35:31:34 to 33:34:33 for the three PFMs - SBI, UTI and LIC respectively. On May 25, 2012, Government has revised the allocation ratio of funds (contribution remitted by the DTA/DTOs) from 31:35.5:33.5 to 35:31:34 for the three PFMs - SBI, UTI and LIC respectively.
  • Each of the PFMs will invest the funds in the proportion of upto 55% in Government securities, upto 40% in Debt securities, upto 15% in Equity and upto 5% in Money Market instruments. 
        State Government has entered into an agreement with N S D L (National Security Depositories Limited), Bombay to maintain PRAN accounts as Central Record Keeping Agendy ( C R A). Now, all the employees coming under the C P S (Contributory Pension Scheme) have to apply for P R A N (Permanent Retirement Account Number) alloted & maintained by N S D L, Bombay. For this, N S D L has appointed KARVY Consultants as Facility Centre, and there are two Facility Centres 1. at Hyderabad and 2. at Visakhapatnam. These are the Address of Karvy at Hyderabad and Visakhapatnam.

Contributory Pension Scheme-CPS and PRAN Complete Details

Address of Karvy Consultants Hyderabad:   
HYDERABAD - KARVY CENTRE
KARVY CENTRE,
8-2-609/K, Road #10, Banjara Hills
HYDERABAD
Andhra Pradesh
India
PIN CODE: 500034
PHONE :
STD CODE 040
040-23312454
EMAIL : mailmanager@karvy.com		Address of Karvy Consultants - Visakhapatnam:
VISHAKAPATNAM
47-14-4, ESWAR PARADISE,
DWARAKA NAGAR MAIN ROAD
VISHAKAPATNAM
Andhra Pradesh
INDIA
PIN CODE: 530 016
PHONE :
STD CODE : 0891-2752915 to 18
EMAIL : ksblvizag@karvy.com

Useful Detailed Information:

CPS and "PRAN Number" Allotment Forms (Forms for New CPS Subcribers):

CPS PRAN Modification Forms (For Already Registered Subscribers)
  • S-2 PRAN Subscribers Details Changing Form -Click Here
  • S-7 Subscribers Photo and Signature Changing Form-Click Here
  • S8 - DDO Covering Letter for CPS Changing (Modification) Forms-Click Here

Online Links Useful for CPS/PRAN
  • CPS Subscribers Login Using their User ID and Password-Click Here
  • New Pension Scheme (NPS) Official Website-Click Here
  • Have you applied for PRAN Number-Then Track the Status of PRAN Allotment Using your Acknowledge Number given at the time of Registration-Click Here
  • Track the IRA Status of PRAN Using Your Treasury ID Click Here
  • Latest Fund Values of CPS-Click Here
Government Orders on CPS Scheme
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