Step-by-Step Guide to Depositing Funds in an NPS Account

The NPS allows individuals to contribute regularly toward retirement and build a pension corpus. Contributions can be made online or offline into Tier I (mandatory retirement account) and Tier II (optional savings account).

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.

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

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₹0

Your Monthly Pension

View Plans Your Pension Calculation

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

View Plans

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.

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.

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).

1. 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

2. 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)

3. 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 a simple and efficient process, with multiple digital and offline modes available. By regularly contributing and tracking your account through PRAN, you can build a robust retirement corpus. NPS also offers generous tax benefits, making it one of the most cost-effective and structured retirement plans in India.

Whether you’re using the eNPS portal, UPI, mobile app, or visiting a nearby POP-SP, choose the method that best suits your convenience and ensure consistent contributions to secure your financial future.