Are you worried about post-retirement expenses? If yes, then the National Pension Scheme can be helpful in removing your difficulties. Investing in this scheme will create a good fund for you in the long term on one hand and on the other hand you will also get tax exemption. You can open NPS account sitting at home i.e. online.
Do your registration first
First of all you have to go to the website of NSDL. There you have to register yourself. Any person whose age is between 18 to 70 years can open an NPS account. Tier-1 account is called primary account. Tier-2 is an investment account.
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You can make Aadhaar your identity document
You can select Aadhaar as your identity document to complete the account opening process online. Your mobile phone number should be linked with your Aadhaar. OTP will come on your mobile number, from which you will have to confirm your personal information. After filling all the required details, an acknowledgment number will be generated. It will be sent to your email or SMS. With the help of the acknowledgment number, you will give your occupation and bank details.
Select Pension Fund Manager
Now you have to choose your pension fund manager. You can choose from a total of 7 fund managers. You can invest in NPS funds – Scheme E (Equity), Scheme G (Government Securities), Scheme C (Corporate Debt) and Scheme A (Alternative Asset). You should check the performance of all pension fund managers before choosing a fund manager.
appoint your nominee
You have to appoint your nominee. You will also have to decide which nominee will get the amount in the event of your death. Then, before making the payment, you need to upload the scanned copy of PAN and the copy of the canceled cheque. Then a copy of the signature has to be uploaded.
Download or save your ePRAN
Initially, you have to make minimum contribution in Tier-2 account. If you want to get ePRAN Card and Welcome Kit through digital mode, then you have to pay Rs 18. Physical mode is a bit expensive. You can authenticate all your details through OTP sent to mobile number or email. You can download or save your ePRAN from the portal.
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