How to Open an NPS Account Online?
By Anupama Deshpande | May 19, 2018

It is very necessary to make retirement planning in order to lead a good life even after your retirement. It is specially required for those persons who are not provided with any pension plan by their employers. National Pension System (NPS) is one of the perfect solutions for retirement planning. It offers regular monthly income after your retirement with reasonable market based returns.

Under National Pension System (NPS), a subscriber can contribute regularly in a pension account during his/ her working life. After retirement, he/ she can withdraw a part of the corpus in lump sum and use the remaining corpus to earn a regular income after retirement (pension). You can even defer withdrawing the lump sum amount in NPS until you are 70 years old.

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1. Any Citizen of India
2. Applicant's age should be between 18 years to 60 years at the time of submitting his or her application
3. Applicant should be KYC compliant
4. Applicant should not have a pre-existing NPS Account

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1. NPS offers regular income after your retirement with reasonable market based returns
2. It is a safe investment as it is regulated by PFRDA (Pension fund regulator under Govt. of India)
3. Easy to invest in NPS by making your monthly contributions online through your bank account
4. Subscribers can select their investment option and pension fund on their own
5. Further, subscribers can claim an additional deduction of up to Rs 50,000 u/s 80CCD (1B) for contribution to NPS, over and above tax deduction of Rs 1,50,000 available under Section 80C

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1. Mobile number and Email id
2. Existing bank account with internet banking facility
3. Aadhaar number with a mobile number registered with it
4. Scan copy of photograph
5. Scan copy of Proof of Identity
6. Scan copy of Proof of Address
7. Scan copy of Proof of Date of Birth
8. Scan copy of cancelled cheque
9. Scan copy of signature

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You need to follow below mentioned step by step process in order to open an NPS Account Online:

1. Visit URL https://enps.nsdl.com/eNPS/NationalPensionSystem.html
2. Click on "Registration" button appearing on the right hand side of the home page
3. and choose 'Individual'
4. You will be sent an OTP on the registered mobile number
5. Enter your Aadhaar or PAN. If you enter Aadhaar, only OTP authentication is required but if you enter PAN then your bank will verify your details and charge you Rs 125.
7. Enter OTP in the box provided
8. Select the type of account. You need to start with Tier I account which is mandatory; you can also choose Tier II
9. Enter your personal details and verify once again before submitting
10. Enter submit button
11. You will get an acknowledgement number
12. Select your pension fund from 8 available funds
13. Chose the investment mode
14. Now enter the bank details and the nominee details
15. If you have used Aadhaar then upload scanned copy of Signature and Cancelled Cheque only. If you have used PAN then you need to upload photo, Proof of Identity, Proof of Address, Proof of Date of Birth, Cancelled Cheque and Signature
16. Now pay NPS contribution amount through net banking, credit card or debit card
17. On successful payment, you will be allotted a PRAN
18. Download he completed form
19. Take a print out of the completed form, affix your photo, sign it and send it to CRA office

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