eNPS Portal : Open new NPS Account online / Contribute to NPS A/c online

  • Sachin Agrawal says:

    Dear Srikanth,

    I had opened my account in eNPS on Feb 2020 and then I invest 50000.
    That time I had updated my rental address, Now I want to update my permanent address. I did not find an option in e portal for update home address.

    Please help me on this.

  • M Ananda Rao says:

    Dear Srikanth,

    I made investment of NPS extra 50000 in Tier 1 through e-NPS on 31 July 2020 through eNPS portal. The eNPS receipt shows transaction is successful. but Units credited on my NPS account on 4th Aug. Can I use Online payment receipt for tax exemption for the financial year 2019-20?

    • Sreekanth Reddy says:

      Dear Ananda Rao,
      The CBDT circular says –

      “any provisions of Chapter VI-A under the heading “B.- Deductions in respect of certain payments”
      thereof, referred to in item (I) of sub-clause (i) of sub-section (1) of section 3 of the Ordinance, the end
      date in respect of the time limit for the completion or compliance and the end date for making the said
      completion or compliance, shall be the 30th day of July, 2020 and the 31st day of July, 2020 respectively”

      So, the its 30-july-2020. Suggest you to check with any CA as well.

  • bubaias says:

    Hi All,
    Is there solution /fix to come out from this issue

    Registration against this Acknowledgement Id is pending for confirmation from payment Gateway.Please try again after sometime.

    Kindly help me..
    Thanks

  • Hemant says:

    thanks sir

  • Naba Kumar Das says:

    Hi,

    Thank you so much for this article. It helped me a lot to complete my registration.
    However, can you please help me to know, how I can change the mode of my investment (eg. conservative,aggressive,moderate) after registration?
    Please Note: I have selected investment option as Auto and completed registration process and form is yet to send to the concerned authority.
    I hope I have well described my situation. Please help.

  • K Arul says:

    Hi sreekanth,
    i successfully registrated through online and my pran number also got alloted. As per 15 Dec 16 Circular When i try to e sign the and complete process. But im unable to E sign Subsciber Registration form . please help. Thank you

  • Anshul Arora says:

    After having the Pran generated with the help of KYC process. I want to know that how many times i can contribute through online, Can i do it multiple times in a year depends upon on the availability of money at user side.
    Also Need to know as i am having salary account in some other private banks so can i do the payment through private bank directly or i have to transfer the funds first to SBI account and then made the payment to NPS

    • Sreekanth Reddy says:

      Dear Anshul,
      I believe that multiple contributions are allowed.
      I am not very sure about the updated list of banks that are available now. Kindly check with the customer care.

  • S.Bhattacharya says:

    Online contribution from bank account via SBI epay debited in bank account but not received at NPS CRA. What is the procedure for the reversal?

  • Karan says:

    I m a Delhi govt employee.recently joined in October. Can I generate pran generally meant for govt employee

  • srinivasarao says:

    I am central govt empolyee I already have nps tier -1 account what is tier2 account how much I will get Intrest and I receive msg NPS 50000 additional tax means I yearly how much contribute my account..

  • Dev babu says:

    Dear Sreekanth,

    We have many question regarding eNPS and contribution , but if you can tell something about the exit of NPS would be much better for some of us.
    1.If i accumulate a corpus i can withdrwal 60 % of and for rest 40 % i have to buy annuity (This point is not clear )
    2.Does NPS provide any pension after 60 year
    Please write something regarding the exit point after contribution for 60 Year what all a common person going to get benefit out of it

  • Dominic says:

    eNPS and SBIepay wont work many day. You are lucky if you cab make contribution through eNPS site.

  • Anup says:

    Dear Sreekanth,

    I recently opened my NPS account with ICICI bank as POP by paying an initial amount. Now I want to contribute on monthly basis through net banking. Can I use some bill payment option in my bank portal to make this payment on monthly basis, than every time going through the NSDL contribution online.

    Pls advise…..

  • kamaljit says:

    Hello, What is the age limit for opening an account in NPS? My mother is house wife and is 52 years old, is she eligible to open an account? Thanks

  • Pragadees says:

    I have applied for eNPS online today via eNPS website.

    I sucessfully submitted the online application form and made the initial contribution sucessfully.

    I got the Permanent Retirement Account Number (PRAN) alloted.

    Now I will have to send the hardcopy of the application form to Central Recordkeeping Agency (eNPS), Mumbai.

    My question is, how to send the application form? Can I send it via normal post or registered post or private courier? I’m from Bangalore.

    Not sure which mode they accept to receive the application form.

    Kindly help if anyone knows the procedure?

    • Dear Pragadees,
      Personally I do not have account created with NPS.
      But when in doubt, I suggest you to send a SPEED POST so that any one at the destination place can receive the mail. Also, you can have a document reference num if you book a speed post to track the status of your mail.

  • Kundan says:

    Hi,I made a contribution to NPS on 31st March.The units got credited on 6th of April. This contribution would be considered for FY15-16 tax benefit?I got transaction confirmation message on 31st March

  • Jagu says:

    Hi Sreekanth , do you know how to withdraw money from tire-2 a/c those are registered through eNPS ? Please help me in this regard.

  • Paresh Patel says:

    Dear Mr. Shreekanth,

    I applied and opened an NPS account online, it was nice experience with AADHAR CARD data to get account opened in few minutes.

    Online PRAN generation was done even before getting PRAN card by post later.

    I would like to share with ReLakhs viewers, the following link form Value research, which will be useful to understand performance and NAVs of vaious fund managers and asset classes for both the tiers

    https://goo.gl/FYiMhk

  • N V R S SUBBA RAO says:

    Yesterday i.e. on 30.03.2016 I opened an eNPS account and initially I subscribed Rs 1000/-. But subsequent subscriptions are not allowed. Is there any restriction on number of subscriptions per month?

    • Dear SUBBA Rao..If that is the case then there won’t be any real purpose with this online facility. So, kindly contact eNPs portal customer care and find out about this.

  • Devesh says:

    Hi,
    i recently open the nps account online, however when i try to contribute i did not find tier 1 option.
    it shows me only tier 2 and voluntary account, does it mean voluntary and tier 1 are same.

    • Dear Devesh ..I believe that both options should be available as provided in one of the screen-shots. Suggest you to contact eNPS customer care (or) email your query to ; enps@nsdl.co.in

      • Devesh says:

        Thanks for such a quick response.
        you have not provided the screen shot for contribution, i tried sending them mail but it got bounced due to full mailbox at their end, i also tried calling them on 022 – 4090 4242 but no response on the phone.
        i don’t know what they mean by voluntary in tier type .

  • vivek says:

    Hi,

    I had tried to open an eNPS account yesterday and deposited Rs. 5000 online but no receipt/PRAN generated. Amount had been deducted from my account.

    I had checked today but no solution found. Then I clicked on the link “complete pending registration” and made an initial contribution again for Rs. 1000/- today. This time PRAN and receipt both got generated.

    How can i check the status of Rs. 5000/- deposited yesterday.

    Also, I want to depsoit subsequent contribution but am not able to bcoz the system is showing the PAN and DOB as incorrect details.

    Plz guide as nobody in eNPS NSDL is picking up the phone.

  • gowtham says:

    Is it possible to track my savings in NPS scheme if i am investing in either Equity/Bond options so that it helps me to know how much is my corpus and plan accordingly

  • Manjeet says:

    Hi

    I have applied for eNPS account online and got my PRAN generated. I have used my PAN card & Bank details for the authentication. I want to know whether how will the KYC happen from Bank?? Do I need to visit the branch or it will happen automatically . Do we get any sms or mail when the KYC request is sent to BANK. Totally confused…Can somebody help who has opened an eNPS account through PAN Card.

    • Dear Manjeet,
      It should happen automatically. Once you submit the details, they are cross-verified with the KYC details available with your bank. After verification of KYC by the Bank, the PRAN will become active and operational. So, if your PRAN is active that means KYC details are ok.

  • Ajai Jain says:

    Why eNPS not accepting contributions after the age of 60? I understand that I can hold and contribute to NPS account till age of 70. I deposited a cheque through my broker (NPS service provider). The cheque was cleared about 2 weeks back but transaction is still not reflected in account statement. Why?

    • Dear Ajai,
      I believe that after attaining 60 years of age, you will not be permitted to make further contributions to the NPS accounts.
      However, one can defer the withdrawal of the eligible lump sum amount payable under NPS till the age of 70 years.

      • Ajai Jain says:

        No, it is not correct. I have confirmed it with NPS regulators. The following is from FAQs of HDFC (http://www.hdfcsec.com/data/docs/NPS%20FAQ.pdf):

        Is there any maximum age limit for making further contribution to NPS Tier I Account?
        Yes. You can make contribution in your NPS accounts anytime between the 18 to 60 years of age.
        After attaining 60 years of age, you have an option to continue investing in NPS up to the age of 70 years.

        • Dear Ajai,
          Kindly go through this PFRDA link…. (Kindly refer to page no 1).

          • ajai jain says:

            I think PFRDA has not corrected its web-site. It must be more than six month old. I had received a call from eNPS Mumbai saying that they have not yet implemented it in eNPS but I can deposit the money through cheque through my POP.

          • Dear Ajai,
            Ok. Thank you for confirming this and sharing the update.
            So, private sector individuals can contribute to NPS up to 70 years of age (as of now through offline method), am I correct?

          • Ajai Jain says:

            I think so. That’s what I gathered from press release and I thought since you are replying to the questions relating to NPS, you must be in a better position to tell me. BTW, I received following communication from CRA:
            Details of Resolution: Dear Subscriber, we wish to inform you that currently there is no provision to contribute through eNPS portal after the age of 60 yrs. Further, you may contribute in your PRAN via offline mode through any Point of Presence Service Provider (POP-SP) the till the age of 70 yrs. Prior to this, you are requested to forward a request to CRA for confirmation of contribution after the age of 60 yrs to the POP-SP of your choice till the age of 70 yrs.We hope this clarifies the matter and thank you for being our valuable subscriber.

          • Dear Ajai..I was not aware of this provision. Thank you again for sharing the inputs. Keep visiting 🙂

  • imran says:

    Shishu lon chahiye sir

  • Soundrarajan says:

    Hi Srikanth,

    I am at present 59 years old. If I invest in eNPS am I eligible for partial withdrawal on retirement at 60. I am employed in PSU. Kindly clarify.

    R.Soundrarajan

  • Bhagwan Murthy says:

    Dear Sreekanth,

    I am a Central Govt. employee. I opened an online eNPS account using the all citizen model. I contributed Rs. 500 and got the PRAN. Then I went to my SBH net banking account and registered my PRAN under NPS contribution linke. Then I clicked the contribution button and got the question: do you belong to the organised sector or unorganised sector? I replied organised. I got the message: As per PFRDA directive you are allowed to contribute only to the TIER-II account in the online mode.

    Please explain what this means.

  • Dhenna says:

    Hi Sri,

    I am contributing rs 960 per month through atal pension yojna scheme. can I open one more pension account through eNPS. I feel this is good compared to atal pension yojna.

    thanks,
    Dheena

  • Jitendra Shukla says:

    Hi Sreekanth,

    At the time of Payment, Some how SBI Gateway hanged and Now, when i go to complete the pending registration. I am getting the below statement.

    “Registration against this Acknowledgement Id is pending for confirmation from payment Gateway.Please try again after sometime”. I am facing this issue since long time. I tried to get the solution from all the places including nsdl/eNPS help.

    Do you have any idea on this. Please suggest. It is critical for me as Year end closing is near.

    Thanks & Regards,
    Jitendra Shukla

    • Dear Jitendra..As this is an issue with SBI’s payment gateway, suggest you to kindly contact SBI customer care.

      • Jitendra Shukla says:

        Thank you for your suggestion. Will let you know once done.

        • Bhagwan Murthy says:

          Dear Jeetendra Shukla, I had the same problem on 2/3/16. I phoned to NSDL customer care, sent emails to them as well as SBI e-pay, but to no avail. I contacted some other users who had the same problem . One of them said that the bottleneck clears after a wait of five working days. So I patiently kept checking the website every day. Yesterday, 9/3/16, I found the problem had miraculously vanished. I completed the process and got the PRAN immediately by SMS. So you must cool your heels for a week and not make the same mistake again.

  • Kunal says:

    Hi
    M the new account holder with eNPS. My question is that can i contribute my PRAN account Monthly basis.for example this month i contribute 1000/- next month contribute 500/- like that.

  • Punit says:

    Persons existing under NPS cannot seem bscribe for APY. APY is for non tax paying persons

  • Sangeetha says:

    I am having fully 80c and home loan to save tax, kindly let me know do we have any other tax benefit schemes to save more tax apart from Medical Insurance.

    Kesi

  • nagesh says:

    Dear Srikanth,

    Thank you for providing valuable Information reg this eNPS.

    Kindly give clarification for the below mentioned doubt.

    I’m a regular NPS Tier 1 account subsciber with monthly subscription of 5000, total yearly value is 5000*12 =60,000.
    My question of doubt is out of this regular value can I show 50,000 under 80CCD(1B) and remaining 10, 000 under 80 C to avail the benifit of additional Tax benifit under NPS. Is this acceptable.
    Or
    Should I have to contribute another 50,000 in order to avail this additional benifit under 80CCD(1B).

    Thank You.

  • KSR says:

    PLEASE SEND DETAILS OF NPS AND BENIFITS AND RETURNS. THANK YOU

  • Abhijit Biradar says:

    Hi Sreekanth,

    Thanks for this informative blog. It releally help me a lot regarding mutual fund understanding.

    I have a basic query regarding my investment planning.

    I am a salaried person. I can save arround 3 to 3.50 lakhs per year. I have a plan to buy a flat after exact 5 years. So, after 5 years I will need around 15 lakhs for down payment & flat related process.

    So, can you pls suggest how I should plan so that will get that much money? As, I am salaried person, so I am planning to invest 1.20 lakhs in Axis ELSS fund. Apart from that investment where should I invest so that I will achieve my goal after 5 years.

    • Dear Abhijit,
      Axis fund is a good one, but do note that it is an equity oriented product and hence the returns can be very volatile.
      The units will have a lock-in period of 3 years. So, if you continue these investments for next 5 years, you may not be able to redeem all the units during your goal target year.
      Suggest you to invest in a balanced fund + MIP fund combo for next 3 to 4 years and then switch to safer bets before the goal year.

      Read:
      Best Balanced funds.
      Best MIP funds.

      • Abhijit Biradar says:

        Hi Srikanth,

        Firstly thanks for reply.

        Regarding ELSS fund, as i am salaried person & want to save tax so that, i am choosing this fund.
        If i choose totally your option then i will have to pay more tax. Do you have any better suggestion on this.

        I have some queries regarding balanced fund + MIP fund suggestion

        Query 1:
        Regarding your suggestion on balanced fund + MIP fund, i am ready for high risk but will those funds will get that much return (15 lakhs) as i expect.

        Query 2:
        Why are you suggesting MIP funds. Honestly i don’t much about MIP fund. Can you pls tell how MIP fund will help to achieve my goal.

        Query 3:
        what if i choose 3 to 4 only balance funds instead of any MIP will this also get the same return ?

        • Dear Abhijit,
          Based on your time-frame (5year) & requirement, have suggested balanced + MIP combo.
          Kindly read about MIP, have already shared the link in my previous comment.
          Multiple funds from same fund category may not be very beneficial. Read: MF portfolio overlap analysis tools

          • Abhijit Biradar says:

            Hi Srikanth,

            Understood your suggestion. Thanks for your instance response.

            So, what should be my picks in balance + MIP funds. What do you suggest…?

            Regarding fund overlap point i observed that most of funds overlap to other in some percentage. I mean it is very hard to find two fund with 0% overlap.I have checked overlap tool for balance fund

            Can you please comment your opinion regarding ELSS tax saving query & query 1 mentioned in above comment.

          • Dear Abhijit,
            HDFC Balanced fund /TATA balanced fund + Birla Sunlife MIP II Wealth 25 plan.

            When you are comparing the portfolios of two mutual fund schemes, there will definitely be some overlap.. The real issue is the extreme case where you own several mutual funds in the same fund category, investing in the exact same stocks. You run the risk of not being properly diversified in your investing portfolio.

            Regarding ELSS fund, you have keep in mind about the lock-in period & your goal target year.

          • Abhijit Biradar says:

            Hi Srikanth,

            Thanks for helping me for designing plan to achieve my goal. I am planning to go ahead with TATA balanced Fund – Direct Plan (G) & Birla SL MIP II-Wealth 25 (G) funds .

            Regarding investment in above funds what should be my investment ratio. Should I invest 50:50 in both funds or any specific..?
            One more thing, Do you any article which will explain what exactly net return an investor get when he get return means what I want to ask is if suppose for particular year I got 15% return then after that there will some charges that fund house will apply & some charges by government. So, what exactly will be my return amount after all these deduction? Honestly I am weak in these investment calculation.So, is there any article which explain these things in very basic way.
            Thanks in advance.

          • Dear Abhijit,
            The ratio can be purely as per your choice and based on your expected portfolio returns.
            Most of the equity funds do not charge any EXIT load if the units are redeemed after 12 months.

  • Ram G says:

    Its a good opportunity for existing NPS subscribers to shave off 0.25% off contribution costs by using eNPS and netbanking. The current cost is particularly cruel on small, but frequent contributors; if you pay in, say, 1000 rs 12 times a year, you pay 22.90 rs for your POP service provider and rs 5.72 to CRA each time. The CRA cost is unavoidable. The net contribution cost is 2.29% – as good as the costliest mutual funds. With eNPS (netbanking option) you just pay 0.69 rs per transaction i.e 0.07% in the above example. Dont use debit or credit cards you are charged about 1%. Cost will come down further with bigger contributions like 5000 rs per pop to 0.01% as the 0.69 rs charge is fixed. For a savvy investor, the choice is obvious.

  • Vikrant says:

    Hi sreekanth
    Last mnth i asked to BOM branch about nps account. they Told me that that dissolves into APY.

  • Vishal Miglani says:

    Hi Shreekant,
    Want to increase my knowledge on Attal Pension Yojna. Is there any connection of this scheme with NPS or its a separate investment option. Moreover do we have any tax advantage on APY scheme.

  • jana says:

    Investment in NPS for an additional amnt of Rs.50k under sec 80ccd(1b)over and above Rs.1.50 L in 80c is good &beneficial.

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