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How To Make Contributions To NPS Account Online?


How To Make Contributions To NPS Account Online?

Changes have been made to the NPS or the National Pension Scheme to make it a more attractive government-backed tool for retirement savings. In December, the government decided to make the 60 percent corpus withdrawn from an NPS account on retirement, tax free. Earlier, only 40 percent out of the 60 percent share was tax-free and the rest (20 percent) was taxable.

Also Read: How Has NPS Withdrawal Become 100% Tax Free?

It is easy to make contributions towards the NPS account once opened. You can do it online using net banking, debit card or credit card. You can also do it over NPS app.

How to open and manage NPS account online?

To open, access or make contributions towards NPS online, you need to visit the eNPS website. You just need your PAN and bank details. However, make sure your bank account is enabled with internet banking facility and has your mobile number as well as email ID registered.

  • You can open an NPS account by visiting
  • A one-time fee as KYC authentication charge of up to a maximum of Rs. 125 (plus applicable taxes) will be recovered by your bank (known as POP or Point of Presence).
  • You need to file all the mandatory details on the eNPS website and make sure it matches the details available with the bank. This is because the KYC process will be performed by the bank. In case of rejection of the application, contact your bank.
  • The applicant will be required to activate the PRAN or Permanent Retirement Account Number within 30 days. It is the identification number for NPS accounts that helps you set up and manage the existing NPS account online.
  • You can also activate the Tier-II portion of the account over e-NPS.
  • How to make contributions to NPS account online?

    You can make NPS contribution via netbanking or using cards.

    • Login into your NPS account at
    • Select "Transact Online" tab and then select "Contribute Online."
    • It will direct you to the eNPS website. You can also choose to go to the eNPS website directly to make the payment.
    • You will be asked to enter your PRAN for verification purposes. It will be verified by entering the OTP sent to the subscriber's registered e-mail address or mobile number.
    • Select the type of account (Tier-I or Tier-II). All NPS subscribers have to maintain the Tier-I account with a minimum contribution of Rs 1,000 towards it.
    • You will be able to choose your payment options-credit card, debit card or internet banking.
    • Transaction charges

Read more about: nps retirement pension
Story first published: Saturday, August 24, 2019, 15:04 [IST]
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