NPS Login & Registration Process - Access Your NPS Account with PRAN
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Launched in January 2004, the National Pension System (NPS) was initially crafted to cater to government employees who qualified for government pensions. Over time, amendments were introduced to extend its accessibility to all Indian residents. While NPS is compulsory for government employees, it becomes an elective pension plan for others. A non government employee can opt for NPS voluntarily. Let’s get to know more about it, including the NPS login process.

NPS Registration Process

Registering for NPS is a straightforward process that can be done through online and offline methods. Steps for the respective methods have been discussed below in detail.

Steps to Register in NPS online

Online Registration via eNPS:

  1. Visit the eNPS portal/website.
  2. https://enps.nsdl.com/eNPS/
    OnlineSubscriberRegistration.html
  3. Select the appropriate option for your registration type - Individual or Corporate Subscriber, and whether you're a Citizen of India or an NRI or OCI.
  4. Opt for registration with your Permanent Account Number (PAN).
  5. Enter your PAN and select your Bank/POP.
  6. Click "Continue" to proceed.

Online Registration via Kotak Mahindra Bank’s "myNPS" Portal:

Opening an NPS account through Kotak Mahindra Bank’s "myNPS" portal is a swift, paperless process. You can choose from various registration methods, including Aadhaar Paperless Offline eKYC and PAN-based registration. Here's a summary of the key steps:

1. Aadhaar Paperless Offline eKYC-based Registration:

  • Required Documents: Aadhaar card, Mobile number, Email ID, Scanned photograph, scanned signature, Scanned Cancelled Cheque, Online payment of initial contribution.
  • Steps: Visit "myNPS" on Kotak's website, choose "Aadhaar Paperless Offline eKYC," upload documents, make the initial payment, complete registration.

2. PAN-based Registration:

  • Required Documents: PAN card, Mobile number, Email ID, Scanned photograph, Scanned signature, Scanned Cancelled Cheque, Online payment of initial contribution.
  • Steps: Visit "myNPS" on Kotak's website, choose "PAN-based registration," upload documents, make the initial payment, complete registration.

These methods offer convenient and efficient ways to register for your NPS account, tailored to your preferences and documentation.

If you already possess a PRAN (Permanent Retirement Account Number), you can streamline the process of managing your account with the Inter-Sector switching form. This form enables you to smoothly delink from your previous employer and link your PRAN with a new employer. It also facilitates the transition from an individual PRAN to a corporate one, or vice versa, while retaining your account number and ensuring that your accumulated funds remain securely in your Subscriber's account.

NPS Online Registration using Aadhaar through Digilocker

Opening an NPS account through Kotak website (this is pre-login) portal is a swift, paperless process. Here's what you need and the steps involved.

Here is detailed step-by-step information on how to do NPS online registration for Kotak's "myNPS" portal.

Step-by-Step Guide to NPS Registration Using Aadhaar Through Digilocker

  1. Visit the "https://www.kotak.com/en/personal-banking/investments/national-pension-system.html" section on the Kotak website.
  2. Choose "Registration using Aadhaar through Digilocker" as your mode.
  3. Ensure your mobile number and email are linked.
  4. Authenticate using your Digilocker Aadhaar.
  5. Upload the required documents - PAN card, Canceled Cheque, photograph, and signature.
  6. Make the initial contribution payment online.
  7. Complete registration through OTP Authentication or eSign.

Offline Registration:

Alternatively, you can complete the NPS registration form and submit it at your nearest NPS Point-of-Presence (PoP). These PoPs are typically located at banks across India.

Types of NPS Accounts

NPS Tier 1 Account: This account is mandatory and provides tax benefits under Section 80 CCD, with a cumulative advantage of up to Rs. 1.5 lakh. Subscribers can additionally enjoy a Rs. 50,000 tax exemption. Furthermore, under Section 80CCD(2), an employer can contribute up to 10% of an employee's Basic + D.A. towards their NPS account, with a cap of ₹7,50,000. This total encompasses contributions made to NPS, PF, and Superannuation provided by employer only . However, some withdrawal restrictions apply.

NPS Tier 2 Account: An optional account available to Tier 1 NPS account holders, it doesn't offer tax exemption benefits. As long as your Tier 1 account is in good standing, you can invest in Tier 2. There are no withdrawal limits for investments in a Tier 2 account.

How to fill out the NPS Registration Form?

Use black ink and write in BLOCK/CAPITAL LETTERS. Avoid errors and overwriting.

  1. Select Category: NPS (Central Government) or NPS (State Government) for government employees, NPS (Corporate) for corporate employees under NPS, or NPS (All Citizens) for others.
  2. Personal Details: Provide your name, father's name, mother's name, date of birth, country/city of birth, gender, marital status, spouse's name (if applicable), and residential status (Indian resident or NRI).
  3. Address Details: Mention both permanent and correspondence addresses. Attach an address proof.
  4. Additional Details: Include occupation, annual income, education, and PEP status (politically exposed person).
  5. Bank Details: Provide bank account information, including account number, bank name, branch details, IFSC Code, MICR Code, and PIN Code.
  6. Nomination Details: Add nominee's name, relationship, and date of birth if the nominee is a minor. You can nominate up to three individuals. Ensure percentage shares total 100%.
  7. Tier 2 and PRAN Card: Indicate if you want to subscribe to NPS Tier 2 and if you prefer your PRAN card in Hindi. Then select your pension fund manager and investment choice as well.

Ways to Login to your NPS Account

You can conveniently access your National Pension Scheme login through various platforms, like NSDL portal, KFintech website, or Kotak bank’w website. Here’s how to login NPS account.

NSDL NPS Login Portal:

  1. Visit the NSDL CRA website.https://www.cra-nsdl.com/CRA/
  2. Visit the NSDL CRA website
  3. Enter the required details.
  4. Enter the required details
  5. Create a new password.
  6. Create a new password
  7. Submit to generate your IPIN (Internet Personal Identification Number).
  8. generate your IPIN

Once you have your IPIN, proceed:

  1. Log in to the NSDL eNPS home page.
  2. Click "Login with PRAN/IPIN."
  3. You'll be redirected to the NPS login page, where you can use your PRAN and IPIN to access your NPS account.

KFintech NPS Login:

  1. Visit the KFintech NPS website.
  2. Click "Login for Existing Subscriber."
  3. Enter your PRAN and Password for returning users. New users can generate a password by clicking "Generate/Reset Password."

For new users, the process continues:

  1. Provide PRAN, Date of Birth, and captcha to generate an OTP sent to your registered mobile number.
  2. After confirming the "generate new NPS account password" request using OTP, set a new password.

Once your password is set, you can log into your KFintech NPS account online using your PRAN and the new password you've created. It might look tough but NPS account login is easy.

How to reset NPS Account Password?

When you reach the Generate/Reset Password page, as depicted below, you can start the NPS Login Password Reset process using your PRAN and Date of Birth. It's important to have your registered NPS mobile number nearby as you'll receive an OTP (one-time password) via SMS to reset your NPS password securely online.

Features of NPS Account

Here are the key features of an NPS account:

  1. At maturity, 60 % of your NPS corpus is tax-free, while the remaining 40% is apportioned for purchase of annuity.
  2. The amount used to purchase an annuity is exempted from GST taxes.
  3. A minimum of 40% of your corpus must be allocated to purchase an annuity.
  4. Lump sum withdrawals are subject to taxation.
  5. The total tax exemption in NPS under Section 80 CCD is Rs. 1.5 lakh along with an additional deduction of upto Rs. 50,000.
  6. Annuity pension is taxed based on the account holder's applicable tax bracket.
  7. Employers can contribute up to 10% of salary to NPS (Section 80CCD(2)) with a cap of ₹7,50,000, covering NPS, PF, and Superannuation provided by employer only.

Frequently Asked Questions

1. What is a PRAN, and why do I need it to nps login with PRAN?

PRAN, or Permanent Retirement Account Number, is a unique identifier for NPS subscribers. It's essential for NPS login with PRAN as it grants access to your account.

2. What is Aadhaar offline eKYC?

Aadhaar offline eKYC is a paperless method to verify your identity using Aadhaar, eliminating the need for physical documents during NPS registration.

3. How does Aadhaar offline eKYC work?

Aadhaar offline eKYC verifies identity by matching your Aadhaar details without the need for an internet connection.

4. Who can use Aadhaar offline eKYC?

Any Indian resident or NRIs with a valid Aadhaar card can use Aadhaar offline eKYC for NPS registration.

5. What is Digital NPS?

Digital NPS is an online platform that allows you to manage your National Pension System account electronically.

6. How can I open a Digital NPS account?

To open a Digital NPS account, visit the official NPS website and follow the online registration process. Since Kotak Mahindra Bank is a PRFDA approved Fund Manager under NPS you can also open your Digital NPS account through our myNPS portal as well.

7. Is it safe to access my nps online login?

Yes, it's safe to access your NPS online login, as it's secured with authentication measures and encryption to protect your account.

7. What is the NPS login portal?

The NPS login portal is an online platform where NPS subscribers can access and manage their National Pension System accounts.

9. What is NPS PRAN login?

NPS PRAN login allows NPS subscribers to access their accounts using their unique Permanent Retirement Account Number.

10. What is eNPS login?

eNPS login is an online portal for NPS subscribers to access and manage their National Pension System accounts conveniently.

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Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from the Bank. The Bank, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.