Steps to register with NPS

Steps to register with NPS

 

"The National Pension Scheme (NPS) is a government initiative to provide you with an opportunity of rebuilding your retirement corpus."

 

Steps for opening account

Collect the necessary documents

Your PAN card linked to your bank account

Your Aadhar card with the updated address and mobile number

Payment avenues; Net banking, debit or credit card

Your passport-sized photo

A scanned specimen of your signature

 

Visit the eNPS website  "https://enps.nsdl.com/eNPS/NationalPensionSystem.html"

Click on the ‘registration tab. This will direct you to a new web page

Select the new registration tab, enter your virtual ID number and click on generate One time Password (OTP)."

Enter the OTP you receive on your registered mobile number. Click continue. It will generate an acknowledgement number after you click continue. Now select OK"

Enter your personal and family details. Enter, save and proceed. You will also have to enter your bank details. After you have accurately entered all your details, you can click save and continue."

 You will be asked to choose the portfolio allocation among the four available funds. These are equity funds, alternative investment funds, government security funds and corporate bond funds. You can put a maximum of 50% of your money in an equity fund. On the other hand, in an alternative investment fund, you can put up to a value of 5% of your money."

You will be asked to choose the portfolio allocation among the four available funds. These are equity funds, alternative investment funds, government security funds and corporate bond funds. You can put a maximum of 50% of your money in an equity fund. On the other hand, in an alternative investment fund, you can put up to a value of 5% of your money

Once you decide allocation details, update the nominee details in the next step

 Upload the image of a cancelled cheque, a photograph and a specimen of your signature."

To complete the process, initiate your first contribution, the minimum amount of Rs. 500, towards NPS.

Once your payment is done successfully, your Permanent Retirement Account Number (PRAN) will be generated along with the payment receipt.

For the last step, click on the download registration form/e-sign. If you choose to e-sign with Aadhar, you will receive an OTP on your registered mobile number. Once the OTP and Aadhar is authenticated, your registration will be considered signed.

It could take a couple of days to process your application and the units to be credited against your PRAN number. You can access your account online and make further investment in the NPS through the IPIN generated for your PRAN.

Opening and accessing an online NPS account can now be done through eNPS. To initiate this online facility you can use the steps mentioned above.

 

Lo Voila now you have an active NPS account

Happy Investing