How to open a NPS account?

One of the most frequent questions on the NPS post is how one can open a NPS account, and though things have improved in the past few months – most of the times opening a NPS account is not as easy as it should be.

I tried to look at the various ways you can open a NPS account, and thought I’d make a list of NPS account opening options I’m aware of. In doing this research I found that there is reasonably good information about where you can go to open an account, but it’s just that it’s not very well known.

For instance, on the PFRDA website – you can see the number of PoP-SP (Point of Presence Service Providers) (pdf) and it’s quite clear that SBI with 3,820 registered branches is quite clearly in the lead, followed by Alankit Assignments with 890 branches, India Post NPS Nodal Office with 807 branches and State Bank of Hyderabad with 714 branches.

This is an interesting stat, and the PDF itself has got a list of number of all PoPs, and gives an approximate idea of where you’re more likely get someone who can open an account for you.

With that said let’s take a look at the various options to open a NPS account.

Open a NPS Account with ICICI DIRECT

This is probably the easiest way to open a NPS account because if you have a ICICI DIRECT account, then you can log into your account and open a NPS account without any additional documentation. They don’t currently have the facility to open a Tier II account, but say that it will be introduced shortly.

I don’t know of any other online broker other than ICICI at this point in time that’s offering this service.

Open a NPS account through CAMS Online

CAMS is another registered PoP-SP that allows you to fill up the form online and enter information to open a NPS account.

This info was left by Dr. Shetti in a comment, and I’m not familiar with how the entire process looks like, so before you start entering the details there I suggest giving them a call and find out more.

Here is their contact information:

Point of Presence(POP)
Computer Age Management Services Pvt. Ltd.
PFRDA Unit
Rayala Towers, 158, Anna Salai
Chennai – 600 002.
Phone : 044 – 30212 636 / 662 / 678 / 789 / 808 / 900 / 987 / 989
Fax : 044 – 2841 1893
Email :pfrda@camsonline.com

If someone has first hand experience with this then please do leave a comment.

Go to a bank branch that’s a registered NPS PoP-SP

This is going to be the way most people open a NPS account – going to a bank branch and opening one. The trouble is that a lot of people find that when they go to the bank – the employees don’t even know what NPS is!

The PFRDA website has this excel sheet which has a list of all branches along with address and phone numbers where you can open a NPS account. So, if you’re in Gurgaon – you can just search for that in this file and it will show you the branch that’s present near you.

If you don’t have an ICICI Direct account and are interested in opening a NPS account, then this file should prove to be a good starting point for you as it will tell you where you can go and find some people who actually know what NPS is.

In due time – the number of branches will increase, and it will become easier to open an account, but till then some of you might have to struggle a little bit with this.

187 thoughts on “How to open a NPS account?”

  1. Hi sir I am from Chennai please give us the details about pran card….. We will be very thankful for your help pls give me the details thanks…
    How to apply sir. Any agency is there????
    Rgds
    A.SIVAKUMAR – 9176041298

  2. Hi sir I am from Chennai please give us the details about pran card….. We will be very thankful for your help pls give me the details thanks…

  3. i am rabin from karnataka i take nps, thrugh sagatrips marketing soloution ppvt ltd. nsdl send pran card but banks not collect preimium amount why please ans

  4. I’m Pratham Jariwala n I am working in financial services (CFP), I hope provide to my every client nps service min’s can I applied online?

  5. sir i was working in railway service & i resigned from that service and give causes of resignation is my family problem & i got a new job at private firm without information on them so which process i transfer my pran no at new job.can i apply at new card? if not please tell me process of this how to transfer or how to canceal my old pran card?please tell me as soon as possible thanking u.

  6. sir i was working in railway service(tackman)& i resigned from that service and give causes of resignation is my family problem & i got a new job at private firm without information on them so which process i transfer my pran no at new job.can i apply at new card? if not please tell me process of this how to transfer or how to canceal my old pran card?please tell me as soon as possible thanking u.

  7. Hi,

    I just got my PRAN card. Now I want to invest through online payment. How do I do that. Can I register this as a Biller. I don’t have much information except the PRAN ID.

    ECS I belive, there is a fixed commitment. When I pay my own, it will provide me flexible option to adjust my contibution.

  8. i want to start trading in equities so which is the best brokering house to start with?

    and if i want to open account in alankit so how much initial amount i need to deposit?

  9. Hello Sir,
    I am Smt Vandna Patel, holding PRAN CARD NO.500032177797.Swawlamban Yojna I forget my Password as well as hint security question.I am unable to check my account details. Please resend me a new I-PIN number. It’s help me lot. Aggregators as-
    MARGDARSHAK FINANCAIL SERVICES
    And send copy PFRDA

    Thanks,
    Smt Vandna Patel.
    mob no-9407309591.
    email id -patelbineka@gmail.com

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