Get Form 502

Filling out the Form 502 is essential for subscribers of the National Pension System seeking to withdraw accumulated pension wealth before reaching 60 years of age. This guide provides a clear, step-by-step approach to ensure you complete the form accurately and efficiently.

Follow the steps to successfully complete your Form 502 online.

1. Press the ‘Get Form’ button to access and open the form in your chosen online editor.
2. Begin with Section A, where you need to provide your personal details. Fill out your Permanent Retirement Account Number (PRAN), full name as per the PRAN card, and the names of your father or spouse. Include your address, mobile number, date of birth, and email ID.
3. Move to Section B to enter your withdrawal details. You must specify the lump-sum amount to withdraw (maximum of 20%) and the amount to purchase annuity (minimum of 80%). Ensure that the total equals 100%.
4. In Section C, provide your bank details. Attach proof for electronic transfer such as a cancelled cheque or bank certificate. Fill out your bank account type, number, name, branch, address, pin code, MICR code, and IFS code where applicable.
5. Proceed to Section D to indicate your annuity service provider details by providing their name and scheme name.
6. Sign and date the declaration at the bottom of the form, confirming that all information provided is true to the best of your knowledge.
7. Attach any required documents, including a copy of your PRAN card, a cancelled cheque or bank certificate for the bank details, and any identification or address proof.
8. Once completed, review all entries for accuracy, then save your changes. You may also download, print, or share the completed form as needed.

Start filling your Form 502 online today to take the next step in managing your pension!