How to open an NPS account online or offline

Any citizen of India between 18 and 70 years of age can open the NPS account.

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The account can be opened by visiting any point of the presence service provider (PoP-SP). These can be banks, financial institutions, or other entities. The list of PoPs is available on the official NPS website. One can also open an account online.

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One needs to fill up the permanent retirement account number (PRAN) application form, along with photograph, signature, and scheme preference details, and submit KYC documentation to PoP-SP. PRAN is sent to the correspondence address. One can then make the first contribution (minimum of Rs.500) to begin investment.

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One needs to visit the eNPS website (https://enps.nsdl. com) using PAN and bank details. Fill in the necessary details (PAN, Aadhaar, etc.) in the online form and upload KYC verification documents, such as the scanned copy of the Aadhaar and photo. KYC needs to be carried out using the Aadhaar OTP authentication. After registration, one will receive PRAN on the registered e-mail ID.

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There are two investment options: auto or active choice. In ‘auto’ choice, the investments are managed based on age, while ‘active’ choice allows one to decide the percentage allocation among asset classes.

(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)

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