Check about How to Open NPS Account Online & Features (2024)

FAQs

Check about How to Open NPS Account Online & Features? ›

Online method:

Visit the eNPS website (https://enps.nsdl.com/eNPS/NationalPensionSystem.html) to register online. Your mobile number, Aadhaar, and Permanent Account Number (PAN) must be linked with the NPS account. To complete the validation, an OTP will be sent to your registered mobile number.

Online method:

Visit the eNPS website (https://enps.nsdl.com/eNPS/NationalPensionSystem.html) to register online. Your mobile number, Aadhaar, and Permanent Account Number (PAN) must be linked with the NPS account. To complete the validation, an OTP will be sent to your registered mobile number.

There are several ways one can open NPS account. Direct on NSDL , through banks (HDFC , ICICI, SBI etc) and through brokers like Zerodha Coin.

NPS offers both online and app facilities for checking NPS account balance and NPS account statement. Online method: Step 1: Go to the CRA website and enter your credentials such as your Permanent Retirement Allotment Number (PRAN) number as USER-ID and your account password to log in to your NPS account.

There will be provision to complete the registration (account opening form) later, but within 15 days, based on acknowledgement number search. Pan based – HDFC Bank will verify KYC on the basis of details maintained in your account with Bank.

For registration, you can visit your nearest PoP-SP (Point Of Presence – Service Provider). The online system is the quickest way to join NPS. This system allows you to open an NPS account and make subsequent contributions.

NPS Registration: Subscriber can open NPS account through SBI YONO or Online SBI or thorough Branch Channel. Digital Channel : Customer can open e-2-e digital NPS account by login in SBI YONO or Online SBI (Internet Banking). In YONO it is available under “Investments”.

NPS provides you two types of accounts: Tier I and Tier II. Tier I is mandatory retirement account, whereas Tier II is a voluntary saving Account associated with your PRAN.

NPS being market-linked, can offer you higher returns at higher risk. PPF on the other hand is a traditional scheme with guaranteed returns. If you are looking to fund family goals like your child's education or marriage or buying a home, a safer investment like PPF should be ideal.

You can withdraw up to a maximum of 3 times during the entire tenure of your NPS account. You can withdraw up to 25% of the contribution in NPS at any time, excluding those made by your employer, if any.

Which NPS is best? ›

NPS Fund Performance: Scheme C

With returns of 8.29%, 8.15%, and 7.98%, HDFC, Birla, and SBI are the top 3 best performing NPS funds in this asset class.

Download the NPS Mobile App from Google Play Store using the given link. You can do the contribution transaction even without logging in to the App. Enter Permanent Retirement Account Number (PRAN), date of birth, captcha and click on 'Verify PRAN' An OTP will be sent to the registered mobile number / email address.

Visit your nearest POP-SP or the NPS website to obtain the contribution slip. Mention all the details required, such as the subscriber's name, PRAN number, Date of Birth, contribution amount, and payment mode. Then you need to submit the duly filled contribution slip to your nearest POP-SP.

While NPS Tier I is well-suited for retirement planning, Tier II NPS accounts act as a voluntary savings account. Tier I NPS investment is a long-term one and the amount cannot be withdrawn until retirement. This is not the case with Tier II NPS accounts.

Rate of interest in NPS is market-linked. The past trends have been in the range of 9% to 12% per annum. The current return on the Public Provident Fund is 7.10% per annum.

Alternatively, checking your NPS account balance can be as simple as sending an SMS from your registered mobile number. To do this, just give a missed call to 9212993399 from the mobile number linked to your NPS account.

The virtual account and ID are used to directly transfer money from your bank account to the Trustee Bank. (for remitting your NPS contributions). You will even get to know the net Asset Value (NAV) for your investment in NPS on the same day.