Open your NPS account online – Don’t worry, it’s hassle-free! 

Have you ever participated in a marathon? Seen the people who have a passion for running and participate in an event that can test their stamina and energy? Do you just register and forget about it? Do people not take it seriously because they have run many marathons earlier? No, You practice and test to prepare for that event. With an excitement to give a good performance or complete the marathon tomorrow, you start practicing today.

What about your retirement? To enjoy a better life in your golden years and achieve your goals, you need to plan today. And the NPS gives you this liberty. As you invest and save today, you can have a stress-free life after retirement.

So, how would you register online to start your NPS journey? This blog explains the step-by-step process. But first, let’s understand NPS briefly.

Understanding the National Pension System

The National Pension System (NPS) is a retirement benefit scheme implemented by the Government of India in 2004. The main aim of NPS registration is to provide a steady income to all subscribers after their retirement, and the most trusting factor of NPS is that PFRDA, also known as the Pension Fund Regulatory and Development Authority, serves as the governing body for NPS.

Now that you have a brief understanding of NPS, let’s take a look at its advantages. After you open an NPS account online, you will be provided a distinct Permanent Retirement Account Number (PRAN). There are several advantages to NPS account registration, such as:

1. Regulated: NPS is monitored by PFRDA, which is responsible for enforcing transparent regulations governing the activities. The NPS Trust ensures strict compliance with the guidelines through consistent monitoring.
2. Voluntary: The NPS scheme, or NPS online registration, is open to all citizens of India on a voluntary basis. There are no restrictions on the amount or timing of opening an NPS account online.
3. Liberty: After NPS registration, you have the freedom to choose or modify the POP (point of presence), investment pattern, and fund manager according to your preferences. This allows you to maximize returns based on your preference for different asset classes (equity, corporate bonds, government securities, and alternative assets).   
4. Pocket-friendly: NPS is a highly affordable investment option. You can open an NPS account with a small amount of ₹500.
5. Consistency: The NPS online account, or PRAN, will remain unchanged regardless of any changes in employment, city, or state.
6. Tax Advantages: When you open an NPS account online, you are liable to have various tax benefits under sections 80C and 80CCD (1) of the Income Tax Act.

Calculate your investment amount and NPS returns here. 

How to NPS account online? Just follow these steps:

To initiate an NPS account opening online, you can opt for registration through the KFin Technologies website. Follow these steps to open an NPS account online:

1. Go to nps.kfintech.com
2. Click on the ‘Join NPS’ option. You will be directed to a new page.
3. Fill in your information, which includes
   • Your full name
   • Date of birth
   • Mobile number
   • PAN number
   • Email ID
   • Application type
   • Resident type
4. Agree to the terms and conditions
5. Click on ‘Create an account’, and you will be redirected to the NPS page.

Now you are ready to embark on a journey which can be fruitful for your retirement years. 

Conclusion

NPS registration is an easy and hassle-free process. It doesn’t take so much of your time, but before you open an account, it is advisable to take professional advice, and that too should be in line with your financial goals, retirement goals, and risk appetite.