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.
Hello sir,
I am Naga how to join NPS Account pls help me sir and send me a agency phone/cell number. my E-Mail: subbanagalingam@gmail.com
Dear Sir,
This is karthick.I’m Interest apply the PRAN card.How can i apply the PRAN card. Please give details this is my number 9715155716 anyone knows plz help me…
Now that we have an option of getting tax exemption for an additional amount of 50,000 via NPS under 80CCD (excl. 1,50,000 via 80C), the information provided in this article will be very useful for many people like me.
Dear Sir,
I am an NRI from Dubai age 39. I wish to know the preformance of NPS V/s Large Equity fund.
I have following doubts.
1) Is it advisable to invest in NPS when i have a holding horizon of 20 years.
2) Is growth in NPS is Taxable as per current laws.
3)Can we set up SIP in NPS?
4) How is the preformance of all the NPS Fund Manager as on today ?
Look forward to your reply.
Regards,
Nikhil Uchat
Mob: +971-529182854
Dubai, UAE.
bal
Hello sir, I am 20 years old. And I have alreday swavlamban account. But now I want to open a nps tier – 1 account. So its possible to opem a nps tier 1 account. Because I already swavlamban account.
Dear Sir,
How can i apply the pran card. Please give details this is my number 9841256929
Sir mera NPS ka ac namber nhi mila main sir from2014 me bhara tha abhi tak account namber nhi mila please mera account namber kis karar se nhi mila sir bataye mera mob namber 08423839355 hai
Dear Sir, Please help how to open PRAN A/C in pop-sp Axis Bank Ltd .
sir please my NPS a/c statements
I went to open the pension account in SBI Madhapur, Hyderabad yesterday (30th March 2013). This branch is listed in the xls sheet you have refered in this article. To my surprise, the Branch Manager (Operations) refused that they deal with NPS accounts. When I told him that your branch is listed on PFRDA website as POP-SP, he blankly told that they dont have any information on working with NPS accounts.
i have no agency of pran card plz help me
For taking NPS individual and corporate for Tamilnadu and Pondicherry please contact 9840556271
In chennai which post office are currently enrolling NPS ???
Hellow sir,
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Pls. How to join in Nps 9943360588
Im living in Mamallapuram – Chennai how to get the pran card. Come u help someone.
Thanks& Regards
Mugunthan. G 9884189580
sir..
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Hi there,
I’m very much interested to buy pran card. Im living in Mamallapuram – Chennai how to get the pran card. Come u help someone.
Thanks& Regards
Mugunthan. G 9884189580
Sir Pl Send Pran Card Detail
sir.
send your mail id.
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