How To Open NPS Account Online : National Pension System (NPS) accounts can also be opened online. Through the online platform eNPS portal, users can contribute to the NPS account through net banking and debit / credit cards. Tier 1 and Tier 2 accounts can be opened by going to the online platform of NPS. NPS is a means of saving money for government-sponsored retirement, which is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
How To Open NPS Account Through ENPS
To open an account, the user should have a bank account with mobile number, email and net banking facility.
According to the ENPS portal, it is necessary to provide the PAN card information to the applicant for opening an NPS account.
The applicant must activate the PRAN to start an NPS account or to run an existing NPS account online.
How to open NPS account through eNPS portal-
Users first go to the National Pension System section of the ENPS portal.
The ENPS portal offers the option of registration and deposit, along with activating a Tier 2 account under the NPS section.
To complete the application, the user has to fill all the required information and select one of the given two options, Tier 1 and Tier 2 account and Tier 1 account.
After entering the required information, the user should also upload their own scanned picture with the photo of their signature.
After this stage is completed, the user is directed to the gateway to make payment in the NPS account.
According to the ENPS portal, the customer has to send the completed form to the Central Recordkeeping Agency (CRA) within 30 days after receiving the Permanent Retirement Account Number (PRAN). If this is not done within the stipulated time, the identification number is not credited.
Documents required (KYC)
The activation of PRN requires KYC which is done through POP. For this, the name and address of the applicant should match the name and address recorded in the POP record. This complete information is available on the ENPS portal.
The KYC process is done through a bank or POP. Out of which election is done on behalf of the applicant during the process.