How to Open NPS Account Online ?

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Open NPS Account Online

Open NPS Account Online at www.npscra.nsdl.co.in

Open NPS Account Online – National pension scheme is a major retirement scheme for Indian employees. It was launched by the Government of India to ensure economical security to the senior citizens. The NPS is controlled by the Pension Funds Regulatory and Development Authority. This post serves as a tutorial to open NPS account online. You can open NPS account using your PAN card or aadhar card. The complete step by step procedure will make it easier to open national pension scheme account.

The pension is helping senior citizens to live independently during post retirement life. The scheme also attracts good tax exemption. 40% of maturity corpus of NPS is free from income tax. Hence, the 100% amount you draw at the time of retirement will not attract tax. Only 40% of the amount will be taxable.

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How National Pension Scheme Works

Under National Pension Scheme – NPS, an employee’s savings are preserved as pension fund. The funds are invested with PFRDA. The invested amount also accumulate interest. The amount is invested by PFRDA in bonds, debentures, and shares. While exiting form NPS scheme, you can withdraw a part of pension if you wish. You can also buy a life annuity. Numerous bank branches are appointed as POP-SP. These Point of Presence Service Providers carry out all NPS activities for the subscribers.

Online NPS Account Opening Procedure at eNPS.nsdl.com

Here is a step wise procedure to open national pension scheme online. The online portal of NSDL offers facility to open account online.

Registration for National Pension Scheme Account

  1. Visit https://enps.nsdl.com/eNPS/LandingPage.html
  2. Select the registration option.
  3. You will see a new page for Online Subscribers Registration.
  4. Follow the tab for new registration.
  5. Register as ‘individual subscriber.’
  6. Select citizen of India option.
  7. Choose the option of Aadhar or PAN card to register.
  8. Register your national pension scheme under Tier I. IT is the non-withdrawable account. The best for long term savings which carries tax benefit.

If you open account under Tier II, you can invest and withdraw in various NPS schemes. Even when you are not investing in any scheme, your account continues.

open national pension scheme account

 

Open NPS Account Using Aadhar Card Number

Once you complete registration, enter your aadhar number. Get OTP and complete filling up all the details with OTP. Some details will be automatically received from your aadhar details. Upload your signature and photograph.

After you submit all the details, you will reach the payment gateway. Pay the minimum required amount through net banking or card.

National Pension Scheme Account through PAN

To open account, you should have account with any of the associated banks. Make sure you have account with Dena Bank, SBI, Vijaya Bank, IBI, Corporation Bank UBI, Bank of Maharashtra and other empanelled banks.

Provide your name, address and other complete all the mandatory fields. Upload your signature and photograph. Make payment of minimum amount to your NPS account.

Generate PRAN

After successful registration and payment for National pension scheme account, you will receive PRAN. PRAN is permanent retirement account number. You will soon receive a complete PRAN kit. It will contain your PRAN card and TPIN or IPIN number. It will also have a booklet and letter confirmation.

After you register, take a print out of the account opening form submitted by you. Paste the photo and sign in the place for signature. Send them to following address after you receive PRAN.

Central Recordkeeping Agency (eNPS)

NSDL e-Governance Infrastructure Ltd

First Floor, Times tower, Kamala mills compound,

Senapati Bapat Marg, Lower Parel, Mumbai 400 013.

Tel: 022 – 4090 4242

Email: eNPS@nsdl.co.in

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Here you complete the procedure for opening NPS account. Any person can open national pension scheme account. Minimum investment to the account is Rs. 6000 per year. Any individual between 18 to 60 years is eligible for opening NPS account. We will soon show you how to check pension status online. Also, refer our blog to check details of your EPF passbook and provident fund balance.