Home Business How to open National Pension Scheme (NPS) account in easy steps? ...

How to open National Pension Scheme (NPS) account in easy steps? description

Users can use the facility to open their account with Protein Central Record Keeping Agencies.

A formal regulatory agency named Pension Fund Regulatory and Development Authority (PFRDA) was set up under the PFRDA Act, passed on 01.02.2014, with the objective of promoting old age income security and providing support for the National Pension Scheme (NPS). interests were to be protected. Customer.

PFRDA has now enabled users to open an NPS account through DigiLocker using their driving license. Users can also update their address details in NPS account through the new facility.

NPS is a great way to save for retirement. An investor can deduct a maximum of 2,00,000 in NPS tax every year.

The NPS tax deduction under this section is limited to a maximum of ₹ 1,50,000. Apart from the section 80C deduction, additional contribution up to ₹50,000 can be claimed as NPS tax exemption.

PFRDA Provides Additional Features “As A Tribute” Through DigiLocker 75 years of India’s Independence Day To celebrate the festival and the elixir of freedom.”

Potential customers can use this facility to open their account with Protein Central Record Keeping Agencies (CRAs), while existing users can update their address through the new method.

Below are the steps to open a new NPS account using your driving license through Digilocker:

Step-1 Visit the Protein CRA website and open the NPS Registration System

Step – 2 Click on “New Registration with Documents with Digilocker” and then select Driving License from the list of options.

Step – 3 You will be redirected to Digilocker website where you will have to login using your credentials and also provide consent to the CRA for sharing the documents.

Step – 4 Now allow NPS to access Digilocker and documents issued by it

Step – 5 Your demographic information and photo in driving license will be auto-populated in the account opening page

Step – 6 Now provide your personal details and details of your PAN card, bank account, and scheme and enrollment as required

Step – 7 Complete the application after which the payment for NPS contribution can be made

Step – 8 Your NPS account has been created successfully

Follow the steps given below to update your address in NPS account using driving license through Digilocker:

Step – 1 Log in to your NPS account on the Protein CRA website

Step – 2 Click on the ‘Demographic Changes’ tab and select the option ‘Update Personal Details’

Step – 3 Select ‘Address Details’ and select Digilocker option. Then select driving license under documents

Step – 4 You will be redirected to Digilocker website where you can login and provide consent to share documents with CRA.

Step – 5 Allow NPS access to your Digilocker account and click on submit

Step – 6 Your address will be updated in the NPS account as per the driving license


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