Open An NPS Tier 2 Account? Check Procedure Here

Open An NPS Tier 2 Account? Check Procedure Here

A voluntary savings account or NPS Tier 2 account associated with PRAN is a means of effort to resolve financial priorities at the retirement period. The holder of an NPS Tier II account can apply for instant online withdrawals and can immediately transfer the balance to his or her current savings account. A self-employed individual is allowed to claim tax deductions against his / her contribution to Tier II Account, but a salaried individual can cherish the same under Section 80C. Through visiting a Point of Presence (PoP), or e-NPS website an NPS Tier I account can only open the Tier II account. As we understand that online registration is always simple and quick. By keeping this in mind you can follow the below listed online procedure to open an NPS Tier II account from your comfort. 

  • Visit eNPS portal and head to the “Tier II activation” section
  • Now  you will be redirected to the next page where you need to submit your Permanent Retirement Account Number (PRAN), Date of Birth and PAN details.
  • Once done click on the ‘Verify PRAN’ option and you will receive an OTP on your registered mobile number
  • Now enter the OTP on the required field and proceed with the further steps
  • Now you need to submit your bank account details and then click on ‘Validate Aadhaar’
  • Now an acknowledgement number will be generated which you need to keep handy for future reference and then you have to select from Pension Fund Manager (PFM) and investment option -Auto or Active choice.
  • Once you are done click on the ‘Save and proceed’ option and then you need to submit the details of your nominee
  • Now submit the scanned copy of a cancelled cheque and your PAN Card, then click on ‘Upload’
  • Once your submitted documents are uploaded and verified make a minimum contribution of Rs. 1000 towards your NPS Tier II account 
  • Once the transaction is successful you will get an online receipt which includes the details of the contribution made by you.
  • Now you need e-sign the application using your Aadhaar number and then an OTP will be generated on your registered mobile number
  • Submit the generated OTP on the required field and upon verification of the OTP you can download the application form.
  • Now put your signature on the application form and send it to NSDL head-office (address given below) via post.

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