How To Open New Pension Scheme NPS Account Online

There are various point of presence (POP) service provider (POP-SP)  appointed to help opening of accounts and submitting contribution and withdrawal requests from NPS.

Today we will see online way of opening the account. There are two ways of opening NPS account online

  1. Through your PAN card number
  2. Through your Aadhaar Card number – Your mobile number should be registered with your Aadhaar card as the process would require you to confirm the OTP number received on your mobile phone

Steps to open NPS account online through PAN card

Visit https://enps.nsdl.com/eNPS/NationalPensionSystem.html and click on Registration.

In case you are opening NPS account through PAN, then the PRAN (Permanent Retirement Account number) will get activated only after KYC documents getting verified by empaneled banks. In other words opening of NPS account online through PAN is allowed to those investors who have bank account with the empaneled banks.

On next page select the respective options, enter PAN number and select the Bank account you have account with from the list and click Continue.

Please note that you can open Tier 2 account only after having an active Tier 1 account.

After you click continue, next screen would ask you to fill the details

Now you just have to fill in your details as asked. After submitting, you will be issued with an acknowledgment number.

Under the Nomination Details Page, you can chose your choice of fund managers and details of nominations. In case there are more than 1 nominee, specify the percentage of your saving that you wish to allocate to each nominee.

You may also change the fund manager and nominees later.

There are 7 Fund managers to choose from. Please read NPS FAQ for details.

In the next page, you will be asked to upload your Photo and signatures. This is mandatory if you are opening NPS account through PAN card.

Now when you are done with the form filling, you need to make a minimum contribution of  of Rs 500/- from the registered bank account.

Steps to open NPS account online through Aadhar card

Steps to open NPS account online through Aadhar card are same as PAN card. Only difference is your personal and contact details will get captured through Aadhar.

In this case it is not mandatory to have account with only empaneled banks since the KYC process will get taken care through Aadhaar card.

After filling up of all mandatory details in the form and making the initiation contribution, you will be allotted with PRAN number.

In both steps, you need to take the print out of the form, paste your photograph, affix your signatures and send it with in 90 days to CRA:

CRA address – Central Recordkeeping Agency (eNPS) NSDL e-Governance Infrastructure Limited,1st Floor, Times Tower,Kamala Mills Compound, Senapati Bapat Marg,Lower Parel, Mumbai – 400 013 What are the Charges for opening NPS account online through eNPS?


Charges for Opening NPS account

Charges for opening of NPS account through Aadhar card – Nil

Charges for opening of NPS account through PAN card – Rs 125/-

Thats all. You are all set to start investing in NPS.


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