NPS Login (National Pension Scheme) & Registration Process

What is NPS?

Before we move ahead and understand the NPS login process, let's first understand more about NPS login. The national pension system was introduced by the government of India and came into existence in January 2004. In the initial years, it was only applicable to government employees; however, after 5 years, i.e., in 2009, it was opened for all citizens of India irrespective of the sector in which they work. Through this scheme, the individual needs to contribute on a regular basis to his pension account, during his work life.

See the below table to take a brief of NPS (National Pension Scheme):

As shown in the above image, any individual who is aged between 18-70 years can contribute to NPS. He can open his NPS accounts with a minimum of 500 rupees contribution. NPS is a low-cost investment scheme that doesn’t require heavy money to contribute. Whatever contribution you’ll make, offers safe and sufficient high returns as compared to returns of any traditional tax-saving scheme such as PPF, SIP, etc.

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Who Can Open an NPS Account in India?

NPS Login can be accessed by All Indian Citizens (including NRIs) between 18 - 70 years, whether they are residents or non-residents. They must comply with the KYC norms of NPS account opening. Furthermore, the Central Government made it mandatory for all Central Government employees to contribute to the National Pension System (NPS) effectively from January 1, 2004. So, all Central Government employees, by default, get this facility from January 1, 2004. Other than this, State Government employees, Central Government Autonomous Bodies (CABs), private employees, etc., can also join this scheme.

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How to Register an NPS Account?

There are two ways to open an NPS login -

• Online
• Offline

Steps to Open an NPS Account Online

To open a new NPS account, you need to provide the following information in your NPS registration form:

1. Select the NPS applicant type: Choose whether you are a government employee, corporate subscriber, or individual subscriber.
2. Personal Details: Provide your name, address, date of birth, father's name, PAN number, Aadhaar number, contact details, occupation, income, etc.
3. Bank Account Details: Enter your bank account number, bank name, branch, IFSC, MICR code, etc.
4. Nominee Details: Nominate and provide details of a nominee who will receive the amount in case of your death.
5. Tier-II Account Option: Opt for a Tier-II account if you wish to open one. A Tier-I account is opened by default with NPS registration.
6. Pension Fund Manager: Select your pension fund manager from the ten available options. You can choose only one fund manager.
7. Investment Ratio: Specify the ratio in which you want to invest in various securities.

Once you have filled in all the required details, submit the form to complete your NPS registration.

Steps to Open an NPS Account Offline

• Individuals need to visit the nearest POP (Point of Presence) center that is authorized by PFRDA (NPS regulatory authority)- a bank or a post office to open the NPS account.
• Submit all his KYC documents, i.e., identity proof and residence (passport, Aadhaar card, ration card, voter ID, driving license, utility bills, etc.), along with the duly filled-up PRAN application form.
• A registration fee of Rs. 125 needs to be paid by the individual.
• On registration, you will be required to make the first investment. Once you have made your first investment, the POP center will send you a PRAN.
• In the welcome kit sent by the POP center, the individual will receive his PRAN along with the password. You need both of these to operate your account.

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How to do NPS Login?

Logging into the NPS account allows NPS account users to access their account online to check their accumulated balance and also all the other details related to their account.

Once you have been allotted the PRAN, post-creating the NPS account, you can log in into your E- NPS account by using two different modes. Steps to be followed while using each mode have been explained below:

Through the NSDL NPS login with Pran

1. Visit the NSDL Portal for NPS login.
   By clicking on https://enps.nsdl.com/eNPS/NationalPensionSystem.html
2. Next, click on ‘Login using PRAN/IPIN.’
3. On the Login screen, enter the PRAN number and password. Enter the captcha and click on the ‘submit’ button.
4. You can now access your E-NPS account.

For 1st time Login

If you are logging in for the first time, you will have to generate a new password. Follow the below steps for first-time login -

• Visit the NPS portal.
• Select the ‘Open your NPS account/ contribute online’ button.
• Click on login with PRAN/IPIN.
• Enter your PRAN and password to login to your account.
• Click on the ‘Password for eNPS’ link and generate a new password for your account.
• Enter the PRAN, date of birth, and captcha. Now enter the new password and confirm the password.
• Click on Submit.
• Enter the OTP received on your registered mobile number.
• Now login to your eNPS account using your PRAN and new password.

Through Net Banking

E-NPS accounts can be accessed using the internet banking facility. Visit the portal of your bank. Login into your account using your internet banking id and password. Click on the NPS section to check all your details. Many of the activities related to your NPS login, like scheme selection, etc., can be done using internet banking.

Now that you know how to do NPS registration and NPS login, it is also important for you to know that NPS account holders are eligible for deductions under the Income Tax Act.

If you missed the ITR filing deadline, this is your last chance to claim the NPS deduction and get your tax refund. The last date to file belated ITR has been extended to 15th January 2025. You can either file an ITR yourself through Tax2win or hire a CA to help you with the ITR filing process.

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