To apply for the National Pension System (NPS) in India, you can choose either an online or offline method. Here are the detailed steps for both:
Eligibility
- Indian citizens (resident or non-resident) aged between 18 and 70 years can open an NPS account
Online Application Process
- Visit the official eNPS portal or websites of authorized Central Recordkeeping Agencies (CRAs) like NSDL, CAMS, or KFintech
- Select ‘New Registration’ and choose the account type: Tier I (mandatory) or Tier II (optional)
- Enter Aadhaar, PAN, and bank details for verification
- Fill in personal details, upload scanned copies of PAN, Aadhaar, photograph, signature, and canceled cheque or bank statement
- Choose your fund manager and investment preference (auto or active choice)
- Make the initial contribution online (minimum ₹500 for Tier I)
- Complete e-sign or OTP-based verification to avoid physical form submission
- Upon successful registration, you will receive a 12-digit Permanent Retirement Account Number (PRAN) via email and SMS
Offline Application Process
- Locate the nearest Point of Presence-Service Provider (PoP-SP), such as banks or post offices
- Obtain and fill out the PRAN application form with mandatory details, photograph, and signature
- Submit KYC documents: proof of identity, address, PAN, and photograph
- Deposit the minimum initial contribution of ₹500 via cheque or demand draft
- Submit the completed form and documents to the PoP-SP
- After processing, you will receive your PRAN card and welcome kit by post, usually within 10 days or more
Additional Notes
- Government employees may open NPS through their HR or nodal office or via eNPS
- Overseas Citizens of India (OCI) can also open an NPS account but must have a bank account in India and comply with regulatory requirements
- You can manage your account online after receiving PRAN credentials
This process ensures you can start investing in NPS conveniently either from home or by visiting a service provider
