National Pension System: If you want a regular income (Monthly Income) after retirement, then it is very important to make a strong retirement plan in time. One of the best investment schemes for this is the National Pension Scheme (NPS). It is a long-term investment option, which not only gives a lump sum retirement fund, but also gives you the facility of a pension every month.
NPS, i.e., National Pension Scheme, was initially started in 2004 for government employees. But from 2009, it was opened to all citizens of the country. This is a government scheme, and investing in it provides tax savings as well as strong financial security for the future.
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Who can invest in NPS?
Any Indian citizen whose age is between 18 to 70 years can invest in this scheme. Central and state government employees, people working in the private sector, and NRIs can also apply to this scheme and take advantage of it.
There are two types of accounts in NPS: the first is a Tier 1 account, in which it is difficult to withdraw money before the age of 60. It is mandatory for retirement savings. The second is a Tier 2 account, which is an optional savings account from which money can be easily withdrawn when needed.
How to open an NPS account online?
You can open an NPS account online from home. For this, go to the website of any of these three CRAs, and you can apply online by visiting the website of KFin Technologies, CAMS, and Protean eGov Technologies (NSDL), etc.
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Know the step-by-step process
First of all, go to the CRA website and choose the option to open an NPS account.
Apart from this, enter your mobile number, PAN card, and email ID.
After this, verify the OTP received on the mobile.
Now you will get a Permanent Retirement Account Number.
Now you can start investing.
How to open an NPS account offline?
If you want to apply offline, you can open an account by visiting the nearest Point of Presence, such as a bank, post office, or government office. You don’t have to run around much for this. Just see the list of PoPs on the PFRDA website, and go to the nearest PoP and fill out the KYC form. You can open a Tier 1 account by depositing a minimum of ₹ 500 in it.