It is quite easy to open a National Pension System (NPS) account. This account can be opened using online Aadhaar e-KYC. NSDL-CRA has enabled Aadhaar based online e-KYC authentication process for customer registration on its e-NPS platform.
E-NPS is an online NPS on-boarding platform of Central Record Keeping Agencies (CRAs) appointed by PFRDA. Here one can register in NPS. You can also contribute online here. Existing subscribers can activate their Tier-2 account on this platform.
Earlier, registration under e-NPS was done through Aadhaar offline e-KYC or through PAN and bank account of the individual. But now the process of opening an NPS account has become easier with the Aadhaar based online e-KYC authentication process. Let’s know its process.
Step 1. You have to visit the e-NPS portal (https://enps.nsdl.com/eNPS/NationalPensionSystem.html).
Step 2. Now click on “National Pension System” and then “Registration” option.
Step 3. Now in “New Registration” select the account type. After that select an option either Indian Citizen, ARI or OCI.
Step 4. Now select “Aadhaar Online/Offline KYC” option from “Register With”. Now after this select the option “Tier I only” from ‘Tier types’.
Step 5. Now you have to enter 12 digit Aadhaar or 16 digit Virtual ID and then click on Generate OTP.
Step 6. Now you have to enter the OTP you have received.
Step 7. On successful authentication, your demographic details like name, gender, date of birth, address, photo will be fetched from the Aadhaar record.
Step 8. Now you have to enter the other details asked for in the NPS registration process.
Step 9. Now you have to make your first NPS contribution and enter the OTP. With this your NPS account will be opened.
