PRAN: What is PRAN Card in NPS, Full Form, Meaning, Benefits, & Application Process
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A PRAN card, or Permanent Retirement Account Number card, is a crucial document for individuals enrolled in India's National Pension System (NPS). It serves as a unique identifier for NPS participants and facilitates seamless management of their pension accounts. This card plays a pivotal role in the digitisation of pension-related processes. If you're keen on securing your financial future and want to know how to obtain a PRAN card online, this guide will walk you through the essential steps. Discover the significance of PRAN, its functions, and a step-by-step process for a hassle-free online application.

Understanding PRAN Card

In the NPS, PRAN is a unique 12-digit number assigned to individuals with accounts, allowing access and activity monitoring. With PRAN registration, eligible individuals have a distinct identity to track account activities, savings, and other NPS scheme-related aspects.

PRAN is mandatory for all NPS system subscribers and serves as a portable number, remaining with the subscriber throughout their lifetime. It is allotted after verification, KYC, and complete registration.

Features and benefits of having a PRAN card

Having an NPS PRAN card provides accessibility to NPS accounts, holding various benefits for customers.

  • Tax Benefit: The NPS scheme is a tax-effective retirement planning tool, allowing investment in the scheme. One can get up to 10% of Basic + D.A.
  • Low-cost Equity-Linked Investments: The scheme offers low-cost equity benefits and market-linked returns without additional effort from the account holder.
  • Portability Across Cities and Jobs: The NPS scheme allows switching cities and jobs without affecting account details and plans.
  • Government Regulated: NPS is a government-regulated scheme, ensuring transparency and access without uncertainty or fear of mishaps.

How Does a PRAN Card Serves as a Unique Identification for NPS Subscribers?

A PRAN card, allotted to NPS scheme registrants, is a unique 12-digit number card serving as the distinctive identification for every investor. This prevents overlap and other account-related issues, offering an easy tracking system.

PRAN Application Process

Here is a step-by-step guide on applying for an NPS PRAN card online:

  1. Visit the NSDL website.
  2. Navigate to the NPS registration section.
  3. Choose the registration option (Aadhaar, PAN, CKYC, Digilocker).
  4. Select the applicant type (Individual, Corporate, Government).
  5. Choose account types (Tier I or Tier I and II).
  6. Enter the required details.
  7. Click on "Generate OTP."
  8. Upload the signature as per the norms.

For PRAN registration, use NPS portals for verification and registration. Click on the 'New Registration' button, fill in the details, and follow the steps to complete your PRAN registration with the NPS portal, regulated by the Government of India.

Eligibility for PRAN Card

To be eligible for a PRAN Card, you must:

  1. Be a citizen of India.
  2. Be between 18 and 70 years of age.
  3. Have valid identity proof, address proof, and date of birth proof.
  4. Have a bank account with an impaired bank for KYC verification.
  5. Have a PAN card and an Aadhaar card.
  6. Provide a scanned copy of your cancelled cheque, signature, and photograph.

Additionally, to have an NPS account and obtain your PRAN number:

  1. Be a citizen of India, whether resident, non-resident or an Overseas Citizen of India.
  2. Be between 18 and 70 years of age.
  3. Comply with KYC norms as per the Subscriber Registration Form (SRF).

NPS Registration and PRAN Allocation

The National Pension System (NPS) is a voluntary, defined contribution retirement savings scheme accessible to Indian citizens aged between 18 and 70. Here's an overview of the NPS registration process with Kotak’s myNPS portal with the following steps:

Registration Methods and Steps

  1. Visit the "NPS" section on the Kotak NPS platform.
  2. Choose your preferred registration method, like Aadhaar-based, PAN-based, etc.
  3. Ensure your mobile number and email are linked.
  4. Upload the required documents: photograph, signature, and Cancelled Cheque.
  5. Complete the initial contribution payment online.
  6. Finish registration through OTP Authentication or eSign.


The National Pension System (NPS) is a voluntary retirement savings scheme with defined contributions available to all Indian citizens aged 18 to 70. Kotak MyNPS portal provides an effortless route to the NPS, offering a user-friendly interface that streamlines the registration process. Registering for the NPS is simple and can be done online through the eNPS website, requiring mandatory registration for a Permanent Retirement Account Number (PRAN), which is provided upon application examination. The scheme, coupled with PRAN registration, offers various benefits to customers, ensuring a secure investment for their post-retirement years.

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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.