Open an NPS account sitting at home, and you will get a huge amount on retirement, along with these benefits
To improve the future, people invest in savings schemes, pension plans, and insurance schemes, in which people are given security of money along with getting a fixed amount. On the other hand, National Pension System (NPS Scheme) is such a scheme, in which along with pension, people get a substantial amount on maturity. Under this scheme, any Indian citizen can invest between 18 to 70 years.
People investing in the NPS scheme can claim a deduction of Rs 50,000 under Section 80 CCD (1B) of the Income Tax Department and Rs 1.5 lakh under Section 80C of the Income Tax Department. If you want to take advantage of these facilities, then you can invest in an NPS Account. You can open an NPS account online while sitting at home.
how to open an NPS account online
Any citizen can open only one account under NPS. To open an NPS account, the help of a bank or any organization can be taken. At the same time, with the help of the government website, investments can also be made in the National Pension System. Before opening an account, first you have to activate your PRAN.
To open an NPS account, first, go to ENPS.
Now click on NPS given below on the right side.
After this, proceed by entering the Permanent Retirement Account Number, Date of Birth, Verify OTP, and Captcha Code.
After the completion of the verification process, you start the virtual account ID registration process.
Virtual Account ID will be generated for NPS Tier 1 or Tier 2.
Invest in NPS through SIP
After the Virtual ID is generated, you will have to log in to your bank's net banking.
Here you will get Virtual ID and other information through email and SMS. Then you need to link your bank account with the NPS trustee as a beneficiary.
Now you can start the investment process by giving your PRAN, account, name, and other details.
However, after joining the SIP, every month a fixed amount will be deposited from your account in the NPS scheme.