If you are planning for a future income plan, opening a National Pension Scheme account is a wise decision. It is government-backed, affordable and you can also avail tax benefits.
If you are planning to open an NPS account, you can do it online using Aadhaar and offline.
Know how to open an NPS account offline
Know to open an NPS account offline
The offline process starts with finding a point of presence (PoP). Intermediaries such as banks act as PoP that helps you to open an NPS account. All most all popular banks provide this facility. 6 Government Backed Investment Schemes For Best Return And Less Risk
You need to fill up a subscriber registration form to open an NPS account. You can also get the form from NSDL website. Fill in details like your name, address, bank account number, choice of pension fund manager and asset allocation.
It is mandatory to submit all KYC documents and make a contribution. The KYC documents are not needed if you are opening the NPS account through your bank.
Contribution and fee
The minimum contribution for opening an NPS account is Rs 500, and you need to invest at least Rs 6,000 every year. The account opening bank will charge registration charge for getting it done. The one-time charge is Rs 125.
Once you are done with your contribution, a permanent retirement account number will be generated and sent to you. This is known as PRAN and this the unique portable number remains with the applicant under NPS.
Manage account online
Your welcome kit also contains various passwords, which you can use to access your account through the call centre or online on the Central Record-keeping Agency (CRA) website. How To Open A National Pension Scheme (NPS) Account Online?