Freezing of account:
As per the Offer Document issued by PFRDA, subscriber's account under "All Citizens of India" will be frozen if the minimum investment criteria are not met. The minimum investment criteria for freezing of PRANs as per the current guidelines are mentioned below:
Tier I
- A subscriber is required to make at least one contribution transaction in a financial year.
- For subscribers not opting for Swavalamban Yojana, total investment done in a financial year (after deducting PoP charges) should be more than or equal to Rs. 5724/-.
- For subscribers opting for Swavalamban Yojana, total investment done in a financial year (after deducting PoP charges) should be more than or equal to Rs. 1000.
Tier II
- A subscriber is required to make at least one contribution transaction in a financial year.
- The minimum account balance (value of holdings) at the end of the financial year (March 31st) should be Rs 2,000.
- Further if a Tier I for a PRAN is frozen, the Tier II account is also kept in Freeze status even if it meets the required criteria.
Process for Account Unfreezing:
Subscriber shall submit a duly filled physical request as per the format prescribed by PFRDA (Annexure-UOS-S10A) to the associated PoP-SP only. PoP-SP can check the total unfreeze amount payable by the subscriber using the : Subscriber Details Unfreezing option under the User Maintenance menu in CRA system (www.cra-nsdl.com). The unfreeze contribution amount paid by the subscriber after deduction of the PoP charge needs to be greater than or equal to the total unfreeze amount provided in the CRA system. For latest guideline on minimum unfreezing amount, please click here
