If you are also planning to invest in a pension scheme, then the National Pension System (NPS) can put an end to your worries. This scheme can prove beneficial for those doing private jobs. Because they do not get pension after the job. Let us know how to open NPS online.
New Delhi. Do you also want to create a big corpus for old age, so that you do not worry about survival and do not become dependent on others? If you are also planning to invest in a pension scheme, then the National Pension System (NPS) can put an end to your worries. This scheme can prove beneficial for those doing private jobs. Because they do not get pension after the job. Let us know how to open NPS online.
How to Open Online Account
>> First of all you go to the website of NPS Trust. https://www.npstrust.org.in/content/open your nps account online
>> After that you click on Individual Category.
>> Then Enter Aadhar or PAN Number. You will get a one time password related to this on your mobile. Verify it.
>> After this you submit the information to get the acknowledgment number.
>> Select the Pension Fund Manager, then choose the investment channel.
>> After that the nominee will have to be selected.
>> Upload photo and signature.
>> After this, initial investment of at least Rs 500 in Tier I account and at least Rs 1000 in Tier II account is necessary.
How to open offline account
To open an offline account, you need to visit the nearby Points of Presence (POPs) appointed by PFRDA. Generally, most of the financial institutions like banks, insurance companies and companies providing financial services are working as Points of Presence. You will get the information of all POPs on the website of NPS Trust. Here you have to fill the registration form to open an account in NPUS. Along with this you need to carry ID proof, address, passport size photograph. After registration, the initial Rs 500 can be invested in cash or cheque.
Tax exemption is available on NPS
At present, tax exemption is available on NPS under Section 80 CCD (1), 80 CCD (1B) and 80 CCD (2) of Income Tax. Apart from section 80C i.e. Rs 1.50 lakh on NPS, you can take a further exemption of Rs 50,000. That is, by investing in NPS, you can take advantage of the exemption of Rs 2 lakh.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
