How To Register Online For National Pension System?

For the convenience of its customers, the National Pension System (NPS) has introduced many modifications over the years. The NPS was introduced exclusively for government employees in January 2004. It was, however, allowed up to all categories in 2009. Under the regulations, any individual can during his working life, contribute annually to a pension account. In fact, he or she can also render partial withdrawal and keep the remaining capital after retirement to attract income. An alternative is given by the NPS to open two types of accounts. A pension account is the first account, whereas a voluntary savings account is the second. A second account – available as an add-on-can be accessed offline or through the NPS site for those with a pension account. An alternative is given by the NPS to open two types of accounts. A pension account is the first account, whereas a voluntary savings account is the second. A second account – available as an add-on – can be accessed offline or through the NPS site for those with a pension account. An NPS subscriber can start saving as early as possible to achieve the higher returns. The estimated investment returns can be measured electronically using the National Pension System Trust’s NPS calculator.

Also read: 5 Lesser Known Facts Of NPS

An application form must be completed and KYC papers must be submitted to open an account. A PRAN-permanent retirement account number (PRAN) is generated once the initial investment (Rs 500 or Rs 250 monthly) is done. For this, a one-time registration fee of Rs 125 is levied. You need to link your account with your PAN, Aadhaar/ or mobile number if you’d like to open an NPS account online. After the successful OTP authentication process, you can verify your registration and also generate a PRAN as well.

Steps to register for NPS online

• Visit eNPS website and navigate to the ‘New Registration’ tab
• Now select any option from Individual subscriber or Corporate Subscriber or Citizen of India or Non-Resident of India.
• Now head to the Permanent Account Number option and open account type–Tier 1 or Tier 2 and enter your PAN number.
• Now select your bank POP and click on ‘Continue’
• Once the entered details are verified the registration process will be completed and you will get a confirmation message for the same on your mobile number.

Note: The individual concerned must then fill out the application form duly and then download the PDF file of the NPS registration form. You can submit the NPS registration form at all the banks in India at Points of Presence (POP). The responsible individual should submit a cheque/DD attached to the registration form along with all the necessary documents at the nearest POP respectively.

The post How To Register Online For National Pension System? appeared first on informalnewz.