NPS Login (National Pension Scheme) & Registration Process

What is NPS?

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 image 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 in 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.
Note: Pay attention to selecting a fund manager who can efficiently divide your investment amount into bonds and equities. So that you’ll get a sizable return.

NPS Open (Online/Offline method)
There are two methods using which you can open an NPS account. One is an offline method and the second is an online method. Here are different ways using which a subscriber can open an NPS account online:
PRAN allocated NPS login with Pran:
Once a subscriber gets login into the NPS account successfully. It allows the NPS subscriber to access all the account information online. He can check the accumulated balance and other details related to his account.
Once he has been allotted a PRAN, post-completing the NPS account process, he can log in to his E- NPS account by using three different modes. In-depth steps are to be explained in the guide below.
Also, read on NPS Login Online (Using Net Banking/NSDL NSDL NPS login)

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.

How to register an NPS Account?

There are two ways to open an NPS login -

• Online
• Offline

Steps to Open an NPS Account Online

• Log on to the NPS Website. By clicking on
  https://enps.nsdl.com/eNPS/NationalPensionSystem.html. Read the guidelines thoroughly and click the tab for “National Pension System.”
  
• Then click on the ‘registration’ tab.
  
• Enter your personal details, Aadhaar or PAN card number, choose the type of NPS account you want to invest in, and generate an OTP.
  
• Choose the pension fund manager.
• You need to choose from the seven available options
• Choose the investment mode and the investment mix/ratio.
  There are two modes:
  
  1. Auto mode: allocation of the equity changes with time.
  2. Active mode: You decide on the mix.
• Choose a nominee.
  
• Assign the people who should get the corpus in case the nominee dies.
• Upload your signature and photograph.
  
• Make the contribution post in which you will be allotted PRAN. A minimum amount of Rs. 500 is to be invested for Tier-I, and an amount of Rs.1000 is to be invested for Tier-II accounts.
• Download the form, where you are unable to e-sign the form, fill in the dependencies, if any, and send it to the CRA office within three months from the date.

Steps to Open an NPS Account Offline

• Individuals need to visit the nearest POP (Point of Presence) centre that is authorized by PFRDA (NPS regualtory 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 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 centre will send you a PRAN.
• In the welcome kit sent by the POP centre, the individual will receive his PRAN along with the password. You need both of these to operate your account.

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 login into your E- NPS account by using three 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.

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.