Open a National Pension System (NPS) account
NPS is a voluntary, market-linked retirement savings scheme regulated by PFRDA, open to Indian citizens (and NRIs/OCIs subject to rules). You can open an account online through a Central Recordkeeping Agency's eNPS platform or at a bank or post office (Point of Presence).
Steps
- 1
Choose a Point of Presence (bank or post office) or open online through a CRA's eNPS platform with Aadhaar/PAN e-KYC
- 2
Choose Tier I (retirement) and optionally Tier II (savings) accounts, a pension fund manager and investment choice
- 3
Make the first contribution to receive your PRAN (Permanent Retirement Account Number)
- 4
Contribute regularly; tax benefits are available as per income-tax rules
Documents
- PAN
- Aadhaar
- Bank account details
- Photo and signature
Official links
- NPS Trust ↗npstrust.org.in
- PFRDA ↗pfrda.org.in
- Protean CRA (NPS) ↗npscra.proteantech.in
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