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Big change in the rules of opening NPS account, know how the account will be opened now, here is the way

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NPS Update: There is big news for those who open NPS account. Some changes have been made in the rules for opening this account. Now you can easily open NPS account with the help of CKYC. Let’s know the method.


NPS Account By CKYC: If you are also planning for retirement and want to open an NPS account, then there is good news for you. The Pension Fund Regulatory and Development Authority (PFRDA) has changed the rules for opening an NPS account. PFRDA said that now National Pension System (NPS) account can also be opened through Central KYC (CKYC).

PFRDA informed

According to the information given by PFRDA, the entire process through CKYC will be paperless. Actually, KYC is required to be done only once in CKYC. Thereafter, post CKYC account opening in financial services institutions becomes easy as it does not require the investors to submit documents for KYC.

NPS account opening made easy

According to a report in Financial Express, ‘Post Central KYC (CKYC) you are free to fill KYC forms again and again in your financial institution. Just a few years back, the central government has started this facility. CKYC is managed by the Central Registry of Securitization Asset Reconstruction and Security Interest of India ie CERSAI. Under this, you will get your complete KYC information in just one number.

How to open NPS account with CKYC

1. For this you first go to the registration page of http://www.camsnps.com and fill the information asked there.
2. Now click on Open New Account.
3. Now OTP will come on your given mobile, enter it at the specified place.
4. If the PAN, date of birth and email/mobile number match, your KYC details will appear on the screen.
5. Now click on ‘Yes’ to proceed with the details available in CKYC.
6. Now click on applicant type and status.
7. Now here the name of the subscribers will be populated against the name field as available in CKYC. The date of birth given in CKYC will also be visible. Apart from this, father’s name, mother’s name and gender etc. will also be seen. These can also be edited.
8. Let us tell you that the address of the customer available in CKYC will also be automatically filled in front of the address field.
9. After entering all the requested data, click on save details. By doing this, the acknowledgment number will be generated.
10. This acknowledgment number will be sent to the subscriber through SMS and email.
11. The photo of the subscriber available in CKYC will appear on the screen and the signature will also be auto-populated.

In this way you can easily open your NPS account sitting at home.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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