Geared towards providing individuals with financial security and stability in their post-retirement years, the NPS is a valuable tax-saving tool with numerous benefits. It enables individuals to effectively plan their retirement while reducing their taxable income. Contributors can claim a tax deduction of up to ₹1.5 lakh under Section 80C, which falls within the overall limit.
Here's a step-by-step guide on enrolling and creating an online account with the National Pension Scheme in 2024.
Documents Required
Below are the Documents Required to create an account on the National Pension Scheme.1) Identity Proof: Aadhaar card, PAN card, passport, voter ID, or driving license.
2) Address Proof: Utility bills (electricity, water, gas), bank statement, rental agreement, or government-issued address proof.
3) Age Proof: Birth certificate, PAN card, passport, or other valid age proof.
4) Recent passport-size photo.
2) Address Proof: Utility bills (electricity, water, gas), bank statement, rental agreement, or government-issued address proof.
3) Age Proof: Birth certificate, PAN card, passport, or other valid age proof.
4) Recent passport-size photo.
Eligibility Criteria for the National Pension Scheme
2) Individuals must be between 18 and 70 years old to join the NPS.
Steps to create a National Pension Scheme (NPS) account online
Below are the steps to create a national pension scheme account online:1) Go to the official eNPS website: enps.nsdl.com.
2) Select either "Registration" or "Open Your NPS Account."
3) Choose whether you are an "Individual Subscriber" or a "Corporate Subscriber."
4) Fill the online form with your personal, contact, and bank information.
5) Upload scanned copies of the necessary documents.
6) Make the initial contribution (minimum Rs. 500 for Tier I and Rs. 1,000 for Tier II).
7) Receive an acknowledgment number, which you can use to monitor the application status.