Requirement for opening NPS Account through "myNPS"
➤ A Mobile number and Email ID
➤ Active Bank account with Net Banking facility with one of the Banks linked with Payment Gateway Service Provider (click here for List of Banks)
➤ Scanned copy of photograph and signature is required. Size of document should be between 4KB to 5MB
➤ Scanned copy of cancelled cheque supporting the bank account details and PAN Card. Size of document should be between 4KB to 2MB
➤ Online payment of initial contribution (Minimum amount ₹ 500) through Internet Banking
✔ NPS account can be opened by All India Citizens between 18-65 years through "NSDL NPS" (Except NRIs)
✔ PRAN in NPS is portable across sectors and locations
✔ Government employees mandatorily covered under NPS, are requested to approach their Nodal Office for opening NPS account
✔ NPS Subscribers can claim tax deduction up to 10% of gross income under Sec 80 CCD (1) with in the overall ceiling of Rs. 1.5 lac under Sec 80 CCE
✔ An additional deduction for investment up to Rs. 50,000 in NPS (Tier I account) is available exclusively to NPS subscribers under subsection 80CCD (1)
For features and benefits of NPS please visit NSDL CRA website. www.npscra.nsdl.co.in
Please ensure you have an existing active account with the POP before initiating the registration. Also ensure that the details provided for your NPS account (address and Date of Birth) should match with the records available with the POP for which KYC has been carried out. The name provided under NPS should match with the name appearing on PAN.