How can I open an NPS account?

You can open an NPS account through authorized Points of Presence (PoPs), which include most public and private sector banks and financial institutions. Visit a PoP branch, complete the required forms, submit KYC documents, and make the initial contribution to receive your PRAN.

Who manages NPS funds?

The Pension Fund Regulatory and Development Authority (PFRDA) oversees the NPS. Funds are managed by appointed Pension Fund Managers (PFMs), such as HDFC Pension Management Company, ICICI Prudential Pension Fund, SBI Pension Fund, and others.

What is the process for withdrawing funds from my NPS account?

Submit the application and necessary documents to your PoP to initiate a withdrawal. The PoP will verify and forward them to the Central Recordkeeping Agency (CRA). Upon approval, the funds will be disbursed as per the applicable guidelines.

PRAN stands for Permanent Retirement Account Number. It is a unique identifier assigned to each NPS subscriber upon registration. It is essential for all NPS-related transactions and account management.

How Long Does It Take for Contributions to Reflect in Your NPS Account?

Contributions typically reflect in your NPS account within T+1 working days, where 'T' is the date of the successful transaction. It's advisable to check your account after this period to confirm the credit.

How to Deposit Money in an NPS Account?

Depositing funds into your NPS account means contributing either voluntarily or mandatorily to your Permanent Retirement Account Number (PRAN), helping you build a long-term retirement corpus. You can easily deposit funds online through the eNPS portal or NPS apps using net banking, UPI, or cards. Alternatively, offline deposits can be made by visiting a POP-SP (bank branch) with a contribution slip. For Tier I, the minimum contribution is ₹500, and for Tier II, it’s ₹1,000.

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How Can You Contribute to Your NPS Account?

Contributing to your NPS account is simple, thanks to the streamlined system by NSDL. You can make contributions both offline and online using methods like eNPS, UPI, or the mobile app. Here’s a quick guide to help you contribute through these options.

1. Via eNPS Website

Visit the official eNPS website.
Select 'Contribution' and then 'Contribution Online'.
Enter your PRAN and Date of Birth.
Choose the OTP delivery method (SMS or email), enter the captcha, and click 'Verify PRAN'.
Input the received OTP to authenticate.
Select the desired Tier (1 or 2) and enter the contribution amount.
Review the total payable amount, including charges.
Choose a payment gateway, accept the declarations, and proceed to payment.
Complete the transaction using net banking, debit card, or credit card.

2. Via UPI

On the eNPS portal, select UPI as your payment option.
Enter your VPA (e.g., yourname@upi).
A payment notification will appear on your UPI app.
Open the app, confirm the payment, and enter your MPIN to complete the transaction.

3. Via NPS Mobile App

Download the NPS Mobile App from the Google Play or Apple App Store.
Open the app; login is not required.
Enter your PRAN, Date of Birth, and captcha, then click 'Verify PRAN'.
Input the OTP sent to your registered mobile/email.
Select Tier 1 or Tier 2 and enter the contribution amount.
Review the total amount, including charges.
Choose a payment gateway, accept the declaration, and click 'Make Payment'.
Complete the payment using net banking, debit card, or credit card.

How Do You Deposit Money in an Nps Account Offline?

Obtain an NPS Contribution Instruction Slip from the nearest POP-SP or the NPS website.
Fill in all required details – your name, PRAN, Date of Birth, contribution amount, and payment mode.
Submit the filled form at your nearest POP-SP branch.

Offline contributions are simple and allow individuals to participate without using digital platforms.

Types of Accounts and Details

NPS offers two types of accounts, Tier I for long-term retirement savings and Tier II for optional, flexible investments.

Details	Tier I Account	Tier II Account
Withdrawal Rules	Restricted withdrawals (for retirement only)	Flexible withdrawals
Tax Benefits	Yes	No
Minimum Per Contribution	₹500	₹250
Maximum Annual Contribution	₹1,000	Not Applicable
Contribution Frequency	At least once per Financial Year	No restrictions

NPS Calculator

Your Age

Years

18 Years 59 Years

Enter Your Age

Monthly Investment

₹

₹500 ₹10L

Enter Investment Per Month

Expected Return on Investment

5% 15%

Expected Return on Investment

Percentage of Corpus Allocated for Pension

40% 100%

Enter Corpus Percentage

Expected Return from Pension

5% 15%

Enter Annuity Return

₹0

Your Monthly Pension

₹0

Your Monthly Pension

Your Pension Calculation

Total Investment

Returns Earned

Maturity Amount

Maturity Amount split (Lumpsum & Pension)

60%

Lumpsum Amount

At the age of 60 Yrs

40%

Pension Wealth

At the age of 60 Yrs

How Can You Contribute to Your NPS Account?

The NSDL system has streamlined the contribution to NPS accounts, making it easy for you. Contributions can be made to the NPS accounts offline or online through eNPS, UPI, and the mobile app. Here are the steps to contribute to your NPS account using the available methods.

Via eNPS Website
- Visit the official eNPS website.
- Select 'Contribution' and then 'Contribution Online'.
- Enter your PRAN and Date of Birth.
- Choose the OTP delivery method (SMS or email), enter the captcha, and click 'Verify PRAN'.
- Input the received OTP to authenticate.
- Select the desired Tier (1 or 2) and enter the contribution amount.
- Review the total payable amount, including charges.
- Choose a payment gateway, accept the declarations, and proceed to payment.
- Complete the transaction using net banking, debit card, or credit card.
Via UPI
- On the eNPS portal, select UPI as your payment option.
- Enter your VPA (e.g., yourname@upi).
- A payment notification will appear on your UPI app.
- Open the app, confirm the payment, and enter your MPIN to complete the transaction.
Via NPS Mobile App
- Download the NPS Mobile App from the Google Play or Apple App Store.
- Open the app; login is not required.
- Enter your PRAN, Date of Birth, and captcha, then click 'Verify PRAN'.
- Input the OTP sent to your registered mobile/email.
- Select Tier 1 or Tier 2 and enter the contribution amount.
- Review the total amount, including charges.
- Choose a payment gateway, accept the declaration, and click 'Make Payment'.
- Complete the payment using net banking, debit card, or credit card.

How Do You Deposit Money in an Nps Account Offline?

Obtain an NPS Contribution Instruction Slip from the nearest POP-SP or the NPS website.
Fill in all required details – your name, PRAN, Date of Birth, contribution amount, and payment mode.
Submit the filled form at your nearest POP-SP branch.

Offline contributions are simple and allow individuals to participate without using digital platforms.

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Tax Benefits for NPS Contributions

The Income Tax Act provides specific deductions for contributions made to the National Pension Scheme (NPS). These are covered under Sections 80CCD(1), 80CCD(1B), and 80CCD(2).

Section 80CCD(1): Employer’s Own Contribution

Details	Salaried Individuals	Self-Employed Individuals
Deduction Limit	Up to 10% of Basic + Dearness Allowance	Up to 20% of Gross Total Income
Maximum Claimable Amount	Included within the ₹1.5 lakh limit of 80CCE	Included within the ₹1.5 lakh limit of 80CCE

Section 80CCD(1B): Additional Deduction for NPS

Details All NPS Subscribers

Deduction Allowed Up to ₹50,000

Separate From The ₹1.5 lakh limit under Section 80CCD(1)

Section 80CCD(2): Employer’s Contribution

Details	Salaried Employees Only
Deduction Limit (Old Tax Regime)	Up to 10% of Salary (Basic + DA)
Deduction Limit (New Tax Regime)	Up to 14% of Salary (Basic + DA)
Separate From	The ₹1.5 lakh limit under Section 80CCD(1)

Conclusion

Depositing money into your NPS account is straightforward and convenient, with options for both digital and offline contributions. By regularly contributing and tracking your account through PRAN, you can grow a solid retirement corpus. Plus, NPS offers significant tax advantages, making it one of the most efficient and structured pension plans in India.

Whether you opt for the eNPS portal, UPI, mobile app, or visit a nearby POP-SP, choose the method that works best for you and make consistent contributions to secure your future.

FAQs

How can I open an NPS account?

You can open an NPS account through authorized Points of Presence (PoPs), which include most public and private sector banks and financial institutions. Visit a PoP branch, complete the required forms, submit KYC documents, and make the initial contribution to receive your PRAN.
Who manages NPS funds?

The Pension Fund Regulatory and Development Authority (PFRDA) oversees the NPS. Funds are managed by appointed Pension Fund Managers (PFMs), such as HDFC Pension Management Company, ICICI Prudential Pension Fund, SBI Pension Fund, and others.
What is the process for withdrawing funds from my NPS account?

Submit the application and necessary documents to your PoP to initiate a withdrawal. The PoP will verify and forward them to the Central Recordkeeping Agency (CRA). Upon approval, the funds will be disbursed as per the applicable guidelines.
What is PRAN?

PRAN stands for Permanent Retirement Account Number. It is a unique identifier assigned to each NPS subscriber upon registration. It is essential for all NPS-related transactions and account management.
How Long Does It Take for Contributions to Reflect in Your NPS Account?

Contributions typically reflect in your NPS account within T+1 working days, where 'T' is the date of the successful transaction. It's advisable to check your account after this period to confirm the credit.