If the Subscriber is an existing PRAN Card holder, he/she can activate the Tier II account by approaching the nearest POP -SP. He/she can submit a duly filled Form UOS-S10 along with copy of PRAN Card, PAN Card, cancelled cheque and initial contribution of 1000/-.
Yes, one can enrol in both National Pension Scheme (NPS) and Atal Pension Yojna (APY) at a time. However, the age eligibility criteria for NPS is between 18-65 years of age whereas for APY an individual must be between 18-40 years of age. Whereas, Under NPS the annuity amount is dependent on the accumulated corpus.
Do note you can't have two NPS Tier-I accounts (or 2 PRANs). PRAN stands for Permanent Retirement Account Number. However, you can hold both Tier-I and Tier-II NPS accounts. Therefore, it is perfectly fine if you have a NPS Tier-I and a NPS Tier-II account.
First, you must visit the NSDL website ().
- Next, you will need to select the 'New Registered PRAN' option.
- Next, enter the PRAN number and captcha details and click on 'Submit'.
- The status of the registered PRAN can be viewed.
In case of non-receipt of the PRAN Card, a Subscriber can check with the associated nodal office or he can check the status by accessing CRA website : and click on link "Track the status of the PRAN Card".
The user ID for NPS is called PRAN. To obtain the user ID, you need to fill up an application form providing all relevant details and submit it, either online or offline with your KYC documents. Once you get your ID, you can log on to the online portal and generate your password.
Case III: If he resigns to join in a Service under non govt organization, then as explained earlier, he can continue his subscription in NPS provided that organization has NPS facility. In other words during the service life of an employee, only one nps account is maintained irrespective of change of employer.
In case of non-receipt of the PRAN Card, a Subscriber can check with the associated nodal office or he can check the status by accessing CRA website : and click on link "Track the status of the PRAN Card".
Lenders like HDFC Bank, ICICI Bank, SBI and Axis Bank among others do allow this facility, however, at a cost. Firstly, one must note that the Pension Fund Regulatory and Development Authority (PFRDA) des allow NPS operations both offline and online.
The NPS account can be unfrozen when a minimum contribution of Rs 500 is made during a fiscal year. To make a contribution to unfreeze the account, you can either do it through any POP-SP (point of purchase service provider) or online through eNPS. To unfreeze offline you need to visit the office of a POP.
A monthly NPS contribution will work like a mutual fund SIP (Systematic Investment Plan) if you have a reasonable equity allocation in your NPS account. It will protect you from catching a market high and spread out your investment.
Annuitisation on maturity
NPS investments mature when the investor turns 60. If the corpus is less than Rs 2 lakh, the entire sum can be withdrawn. If it is more, the subscriber must put at least 40 per cent of the corpus into an annuity to get a monthly pension.5.Fund Managers generating the best NPS Tier-I Equity Funds returns on various terms:
| Term | Best Returns | Pension Fund Manager |
|---|
| 6-month | 9.56% | ICICI Pension Fund |
| 1-year | 9.73% | SBI Pension Fund |
| 3-year | 13.50% | UTI Retirement Solutions |
| 5-year | 11.90% | HDFC Pension Fund |
