National Pension Scheme

         National Pension Scheme

About NPS 

The NPS is a pension cum investment scheme launched by the Government of India. Pension plans provide financial security and stability during old age. It is an attractive long-term saving avenue.  The scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA). 

NPS is available to all citizens of India.

NPS account opening

Eligibility

Any citizen of India between the age of 18 and 65 years can open an NPS account. 

There are two ways to open an NPS account.

    Online through eNPS website.

    Offline by visiting POP-SP. It could be a bank or post office.

A Permanent Retirement Account Number is issued to each NPS subscriber. 

Online through E-NPS

One can open an account online through https://enps.nsdl.com/eNPS/NationalPensionSystem.html.

Offline

In case of offline opening of an account, the person can go to the nearest POP-SP.

Submit PRAN application along with KYC documents.

The PRAN card is issued and will be sent to the correspondence address.

Important points

NPS account can be opened only in an individual capacity.

The PRAN application status can also be tracked by entering the receipt number.

At the time of registration, the subscriber needs to make the first contribution with a minimum of Rs. 500.