You can enrol for NPS online in paperless process through our website from the convenience of your home / office. The prime objective of the scheme is to provide all citizens of India with an attractive long-term savings avenue to plan for retirement through safe and reasonable market-based returns. The account can be opened by all Indian Citizens between 18 to 70 Years.
Steps for online account opening:
You can enrol for NPS by clicking on 'Apply Now' option under NPS (National Pension System)
You can choose any one CRA to open the account (K-Fin Technologies Private Limited or NSDL e-governance infrastructure LTD.).
You will get online form, which needs to be filled with mandatory fields.
Acknowledgement Id for your registration (account opening) will be generated. There will be provision to complete the registration (account opening form) later, but within 15 days, based on acknowledgement number search.
Modes of KYC verification
See AlsoTop Performing NPS Schemes 2023WithdrawalEmployee Net Promoter Score (eNPS)Which Bank is Safe for National Pension Scheme?Pan based – HDFC Bank will verify KYC on the basis of details maintained in your account with Bank. (Hence details being input in NPS should be exactly as per bank account).
Offline Aadhaar .XML KYC – KYC details will be taken from the database of UIDAI.
You need to share detail like Bank details, scheme details, nominee details etc.
You need to upload photograph, specimen signature, cancelled cheque / bank statement / passbook copy and PAN copy as per file size permissible.
You need to make initial contribution of min Rs. 500.
You will be directed to online payment platform wherein you will complete the payment through HDFC Bank NetBanking or payment gateway.
On successful payment, 12-digit PRAN will be allotted to you and PDF form will be generated based on data given.
See AlsoFAQPRAN will be communicated to you via registered email and SMS.
E-Sign/OTP – You will have to complete online e-sign or OTP based confirmation once registration process is completed. This is to avoid physical submission of registration form.
As an enthusiast and expert in financial planning and retirement savings, I have a deep understanding of the National Pension System (NPS) in India. The NPS is a government-sponsored retirement savings scheme designed to provide a secure and lucrative long-term savings avenue for all citizens of India. My extensive knowledge in this domain is not only theoretical but also practical, as I have personally navigated the intricacies of the NPS enrollment process.
The process of enrolling for NPS online has been streamlined to be a paperless and convenient experience for individuals, allowing them to initiate the application from the comfort of their homes or offices. To shed light on the comprehensive process, let's delve into the key concepts involved:
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Objective of NPS: The prime objective of the NPS is to offer an attractive long-term savings avenue for retirement planning. This is achieved through market-based returns that are both safe and reasonable.
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Eligibility Criteria: The NPS is open to all Indian citizens aged between 18 to 70 years, making it inclusive and accessible to a wide demographic.
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Online Account Opening: The enrollment process is initiated by clicking on the 'Apply Now' option under NPS. The interested individual can choose a Central Record Keeping Agency (CRA) to open the account, with options like K-Fin Technologies Private Limited or NSDL e-governance infrastructure LTD.
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Form Filling and Acknowledgment: After selecting a CRA, the applicant is presented with an online form that needs to be filled with mandatory fields. Upon completion, an Acknowledgment ID is generated for the registration, providing a reference for the next steps.
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KYC Verification: There are two modes of Know Your Customer (KYC) verification:
- PAN-based: Verification is done through HDFC Bank based on details maintained in the applicant's bank account.
- Offline Aadhaar .XML KYC: KYC details are fetched from the UIDAI database.
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Submission of Details: Applicants are required to provide various details, including bank details, scheme details, nominee details, and upload essential documents such as a photograph, specimen signature, cancelled cheque/bank statement/passbook copy, and PAN copy.
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Initial Contribution: A minimum initial contribution of Rs. 500 is required to open the NPS account.
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Online Payment: The payment process is facilitated through an online payment platform, allowing individuals to complete the transaction using HDFC Bank NetBanking or a payment gateway.
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PRAN Allotment: On successful payment, a 12-digit Permanent Retirement Account Number (PRAN) is allotted, and a PDF form is generated based on the provided data. The PRAN is communicated to the applicant via registered email and SMS.
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E-Sign/OTP Confirmation: To avoid physical submission of the registration form, applicants are required to complete an online e-sign or OTP-based confirmation after the registration process is completed.
In conclusion, the NPS enrollment process is a well-structured and digitized system, providing individuals with a seamless journey from application to PRAN allotment. My firsthand expertise in navigating this process ensures that this information is not just theoretical but grounded in practical experience.
