All You Need To Know About NPS Registration And Login Process

Traditionally, India has been a "Pension-less" society, with only government personnel having a secure source of pension to maintain their lifestyle after retirement. Employees in the private sector and self-employed professionals had to prepare their own retirement. The government aspires to create India a "Pensioned" society by implementing the National Pension Scheme, which would provide financial stability to all citizens in their golden years.

The Pension Fund Regulatory and Development Authority oversees the National Pension System, which is a government retirement plan (PFRDA). All Indian nationals (residents and non-residents) between the ages of 18 and 65 can invest in NPS. To understand and know more about the procedure of NPS registration and login process, read on.

NPS Registration Process

Below mentioned are two ways through which an individual can register for NPS:

1. Online Method

Following are some of the listed steps for an individual to register for NPS through online process -

1. Choose the NPS Model for which you are applying: Central Government, State Government, Corporate, or as a private individual.
2. You must submit all of your personal information as well as professional information such as your name, address, date of birth, contact information, educational credentials, occupation, income, and so on.
3. Enter your bank account information, such as account number, bank, branch, IFSC code, MICR code, and so on.
4. You must name and submit information about a nominee who will receive the money in the event of your death.
5. If you want to establish a Tier-II account, go with that option. With NPS registration, a Tier-I account is created by default.
6. Choose a pension fund manager. There are now eight choices to choose from. You have the option of choosing only one fund manager.
7. Select the ratio in which you wish to invest in various securities by clicking on it.

2. Offline Method

You must also bring a current photograph and a cheque or demand draft for the initial payment to the local NSDL office or POP, in addition to a fully filled NPS registration form.

When you submit your form to the NSDL offline, you will be given a PRAN (Permanent Retirement Account Number). This number will serve as your NPS account's identity and will be required to complete all NPS account transactions.

NPS Login

After your NPS account has been created and your PRAN has been assigned, you may now access your E- NPS account via a variety of methods, including the NSDL NPS site, or your internet banking account.

1. Through NDSL Portal

Following are the steps through which an individual can register through the NDSL portal -

1. Visit the NSDL NPS official website at www.npscra.nsdl.co.in.
2. Click on the "Open your NPS Account/Contribute Online" button.
3. Click on the "Login with PRAN/IPIN" button.
4. That will direct you to the log-in screen.
5. Click on the link option "Password for e NPS" for a new password.
6. You must input your PRAN, date of birth, new password, confirm password, and captcha here. When you've finished filling out all of the sections, click the submit button.
7. Your registered cellphone number will receive an OTP. To validate your new password, enter this OTP on the screen.
8. You may now access your E-NPS account by entering your PRAN and new password.

2. Through Internet Banking

Many banks allow you to access your e-NPS account using your online banking. To verify your account details, log in to your online banking account and navigate to the NPS page. Through your online banking interface, you may make contributions, pick schemes, and complete any tasks relating to your NPS account.

If you want a steady stream of income once you retire, the NPS is a great alternative. It not only provides huge tax benefits, but it also assists you in establishing a corpus for your retirement. Enrolling in a pension scheme is now easier than ever, thanks to the possibility of registering a new NPS account and executing all relevant operations online.

Endnotes

The programme encourages employees to invest in a pension account at regular intervals throughout their employment. Subscribers can withdraw a portion of the corpus once they retire. If you have an NPS account, you will receive the balance as a monthly pension when you retire.

Also read - A Complete Guide To Choose A Correct Retirement Plan

Everything You Want To Know About Post Office NPS Calculator

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.