In the current economic landscape, individuals are more aware of the financial security that they need to live off after retirement. Pensions become a major source of income after retirement, so saving and investing in schemes that provide stability later in life is important. Individuals can now invest in diverse pension schemes that are provided by the government of India. NPS is one of the retirement schemes offered by the government.
This article will guide you through the NPS registration in the NSDL portal and KFintech.
NPS Registration
Online method
You need to provide the following information in your NPS registration form to open a new NPS account.
- Select the NPS applicant type, i.e. Government employee, corporate subscriber or individual subscriber.
- You need to provide all your details such as name, address, date of birth, father's name, PAN number, Aadhaar number, contact details, occupation, income, etc.
- Enter your bank account details such as account number, bank, branch, IFSC, MICR code, etc.
- You must nominate and provide details of a nominee who will receive the amount in case of your death.
- Opt for a Tier-II account, if you wish to open one. Tier-I account is opened by default with NPS registration.
- Select your pension fund manager. Presently there are ten options to choose from. You have the option to select only one fund manager.
- Click on the ratio in which you want to invest in various securities.
Offline method
Apart from a duly filled NPS registration form, you need a recent photograph and a cheque or demand draft for the initial contribution to the nearest NSDL office or PoP.
When you submit your form offline with the NSDL, you will receive a PRAN (Permanent Retirement Account Number). This number will be your identity for the NPS account and will be required for completing every transaction related to your NPS account.
NPS Login
After your NPS account has been created, and PRAN is allocated to you, you can now log in to your E-NPS account through various channels, i.e. through the NSDL NPS portal, through the KFintech portal or your internet banking account.
Following is the step-wise guide to help you with logging into your PRAN account.
Through NSDL NPS Portal Login
- Visit the official portal of NSDL NPS at https://enps.nsdl.com/eNPS/NationalPensionSystem.html
- Click on the button titled “ Login with PRAN/IPIN”.
- Now, you will be taken to the log-in screen.
- If you have your PRAN and password ready, enter the same in the required fields and click on “Submit” to access your E-NPS account.
If this is the first time that you are logging in to your account, you will need to create a new password by following the steps mentioned below:
- Visit the official portal of NSDL NPS at https://enps.nsdl.com/eNPS/NationalPensionSystem.html
- Click on the button titled “ Login with PRAN/IPIN”.
- Now, you will be taken to the log-in screen.
- Click on the link “Reset Password” to generate a new password.
- Here you will have to provide your PRAN, date of birth, new password, confirm password and enter the captcha. After you have entered all the details, click on the submit button.
- You will receive an OTP on your registered mobile number. Enter this OTP on the screen to confirm your new password.
- Now, you can log-in to your E-NPS account by using your PRAN and new password.
Through KFintech NPS Portal Login
- Visit the official KFintech NPS portal at https://nps.kfintech.com/.
- Click on the button “Login" and select the "Existing Subscriber” option.
- You will now be able to see the login screen.
- Enter your PRAN and password, and Captcha code to log in to your E-NPS account.
If you are logging in for the first time, you need to follow the following process:-
- Visit the official KFintech NPS portal at https://nps.kfintech.com/.
- Click on the button “Login" and select the "Existing Subscriber” option.
- You will now be able to see the login screen.
- On the login screen, click on the link “Generate/Reset password?”.
- Now, you will be asked to enter your PRAN, date of birth and Captcha. Once you click on submit, you will receive an OTP on your registered phone number.
- Enter this OTP on the screen, and you will now be able to set a new password.
- Once you have created a new password, you can use it to log-in to your E-NPS account.