How To Open an NPS Account in 2025 – Step-by-Step Process

Let’s say Raj, a 30-year-old software engineer in Bengaluru. He starts investing ₹5,000 every month in the National Pension System (NPS). His company chips in ₹3,000 more monthly. Over 30 years, with an average 8% yearly return, his savings grew to around ₹1.5 crore! Isn’t that amazing?

At 60, Raj withdraws ₹90 lakh as a lump sum and uses ₹60 lakh to get a monthly pension for life. Sounds like a smart plan, right?

Here’s why NPS rocks

• You control how much you invest.
• Your money grows in the market.
• You get tax benefits.
• You can check and manage your account easily online or offline.
  
  

Let’s see how you can easily open your NPS account and start saving for your future without any trouble!

What Is an NPS Account?

Let’s say Raj is 30 years old and works as a software engineer in Bengaluru. He starts saving in the National Pension System (NPS), putting in ₹5,000 each month. His company adds ₹3,000 more. After 30 years, with 8% yearly growth, his savings grow to around ₹1.5 crore. At 60, he takes ₹90 lakh in cash and uses ₹60 lakh to get a monthly pension for life.

Key Highlights

• Defined Contribution: Your pension depends on what you and your employer put in.
• Market-linked Returns: Funds invested in equity, debt and government securities.
• Flexibility & Portability: Change investment options or transfer your account anywhere in India.
• Tax Benefits: Deductions under Section 80C and 80CCD of the Income Tax Act.
• Account Types: Tier I (mandatory retirement account) and Tier II (voluntary savings).
• PRAN: Your Permanent Retirement Account Number to track contributions.
  
  

Who Can Open an NPS Account?

The information below is procured from the Economic Times.

Let’s say Raj, a 30-year-old software engineer in Bangalore, decides to secure his future by opening an NPS account. He visits his bank, submits his PAN and Aadhaar (for KYC), and invests ₹5,000 monthly. Across 35 years, assuming an average annual return of 8%, Raj’s corpus grows to over ₹1.5 crore by age 65.

Meanwhile, his cousin Sara, a 72-year-old OCI living in Dubai, applies too, because she’s under the 70-year limit and meets all criteria.

Read More – Which is the Better Long-Term Investment?

Key Points:

• Citizenship: Resident Indian, NRI or OCI qualifies.
• Age Limit: 18–70 years at application.
• KYC: PAN, Aadhaar, and address proof mandatory.
• Individual Account: Only in your name.
• Exclusions: HUFs and PIOs not allowed.
  
  

What are the Documents Required to Open an NPS Account?

Let’s say Ramesh, a 35-year-old government employee from Pune, opens an NPS account online through the eNPS portal. He uploads his PAN card, Aadhaar card, a passport-size photo, and a cancelled cheque. The whole process takes just 30 minutes. His account is opened successfully, and he starts investing ₹5,000 every month to build a secure retirement fund for his future.

Key Points:

• You need ID proof, address proof, bank details, and a photograph.
• Documents must be uploaded online or submitted physically for KYC.
• NRIs need to upload a passport and NRE/NRO bank details.
• Minors must also submit DOB proof and the guardian’s KYC.
  
  

How to Open an NPS Account Online Through eNPS Portal?

1. Visit the Website: Go to the official eNPS site – nsdl.co.in.
2. Start Registration: Click on the registration link and choose PAN- or Aadhaar-based registration.
3. Enter Basic Details: Fill in your PAN, mobile number, email ID, and date of birth.
4. Verify with OTP: Enter the OTP sent to your registered mobile number.
5. Fill in the Form: Provide your personal, bank, nominee, and investment details.
6. Upload Documents: Upload scanned copies of your photo, signature, and PAN card.
7. Make Initial Payment: Pay the minimum required contribution to activate the account.
8. Final Verification: Complete the process using OTP or e-signature.
9. Get PRAN: After completion, your Permanent Retirement Account Number (PRAN) will be issued.

How to Open an NPS Account Online Through Net Banking (e.g., ICICI Bank, HDFC Bank, SBI)?

1. Log In: Sign in to your bank’s net banking portal.
2. Go to NPS Section: Find the "Investments" or "Insurance" section and click on the ‘National Pension System (NPS)’ option
3. Start Application: Select the option to open a new NPS account.
4. Fill in Details: Enter your personal, investment, and nominee information.
5. Upload Documents: Upload your photo and signature.
6. Make Payment: Pay the initial contribution amount as required.
7. Submit Application: Review, verify, and submit the form.
8. Receive PRAN: After successful submission, your PRAN (Permanent Retirement Account Number) will be generated.

Also Read - The Ultimate Guide to Planning for Retirement at Any Age

How to Open an NPS Account Offline?

1. Find a PoP-SP (Point of Presence - Service Provider): Locate the nearest PoP in your area. You can check the list of authorised PoP-SPs on the official NPS Trust website.
   
   
2. Get the Subscriber Form: Visit the PoP and request the NPS subscriber form. This form is used to apply for your NPS account.
   
   
3. Fill the Form Carefully: Complete the subscriber form with all required personal details, contact information, nominee details, and bank account information.
   
   
4. Submit KYC Documents: Provide the necessary Know Your Customer (KYC) documents like your identity proof (PAN card, Aadhaar card), address proof, and passport-size photograph.
   
   
5. Make the Initial Contribution: Pay the minimum amount required to open your account: ₹500 for a Tier I account or ₹1,000 for a Tier II account. You can make this payment via cheque, demand draft, or as instructed by the PoP.
   
   
6. Verification and Processing: The PoP will verify your documents and application details before submitting them to the NPS system.
   
   
7. Receive Your PRAN: After successful processing, you will be issued a Permanent Retirement Account Number (PRAN), which is your unique NPS account number.

How to Fund Your NPS Account?

Online Contribution

1. Using the eNPS Website:

• Visit the official eNPS site: https://enps.nsdl.com
• Click on “Contribution” and then “Contribution Online.”
• Enter your PRAN, date of birth, and the captcha code.
• Verify your PRAN by entering the OTP sent to your registered mobile or email.
• Select your account type (Tier I or Tier II) and enter the contribution amount.
• Choose a payment method (net banking, debit card, credit card, or UPI) and complete the payment.
  
  

2. Using the NPS Mobile App:

• Download and open the NPS Mobile App.
• Enter your PRAN, date of birth, and captcha.
• Verify your PRAN via OTP sent to your registered mobile.
• Select Tier I or Tier II account and enter the contribution amount.
• Choose your payment method and complete the transaction.
  
  

Offline Contribution

• Visit a nearby Point of Presence (POP) service provider.
• Obtain a contribution slip from the POP.
• Fill in the slip with your PRAN, payment mode, and other required details.
• Submit the filled slip along with your payment at the POP.
  
  

How to Track and Manage Your NPS Account?

Let’s say Ravi puts ₹6,000 every year into his NPS account. One day, he wants to see how much money he has saved. He uses his PRAN to check his balance on the NSDL website and finds ₹48,000, which is his savings plus some extra from investments. Ravi also uses the NPS app and UMANG app to check anytime. He even got his balance back by sending a missed call!

Ways to Check NPS Balance:

• NSDL Website: Log in with PRAN and password to see your holding statement.
• NPS Mobile App: Enter PRAN and PIN to view balance and transactions.
• UMANG App: Login with PRAN to check account details.
• SMS: Give a missed call to 9212993399 from your registered number.
  
  

Conclusion

Opening an NPS account is simple and helps you save money for the future. You can do it online or offline by giving your documents. Start putting money in, and it will grow with good returns and tax benefits. You can check your balance anytime using apps, a website, or a missed call. Start now for a safe and happy retirement!

FAQs

Q1: What is an NPS account?
An NPS account is a retirement savings plan where you and your employer can invest money that grows with market returns and offers tax benefits.

Q2: Who can open an NPS account?
Any Indian citizen, NRI, or OCI aged between 18 and 70 years can open an NPS account.

Q3: What documents are required to open an NPS account?
You need identity proof (like PAN or Aadhaar), address proof, a photograph, and bank details to open an NPS account.

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