ABOUT NPS
Tax Savings
Secure Income for Old Age
Choice of Investment Models
Two Account Options
Dual Benefits for Investors
National Pension System (NPS), also referred as New Pension Scheme/National Pension Scheme, is an easily accessible, low cost, tax efficient under (Section 80CCC) & (Section 80CCD), flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account and also his employer can also contribute for the social security/welfare of the individual.
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TRACK YOUR RETIREMENT BENEFITS ANYTIME, ANYWHERE
Simple & elegant
Highly Secured
User Friendly Interface
Fast & Convenient
Advanced Features
Instant Access to NPS
DOWNLOAD NPS - KCRA MOBILE APP NOW
Why KFintech CRA?
200 Branches Across
India
Low Charges of Opening Account, Maintenance & Transaction
Local Support in Various
Districts
Access for Online
Requests
Instant SMS & Email
Facility
200 Branches Across
India
Low Charges Opening, Maintenance & Transaction of Accounts
Local Support in Various
Districts
Access for Online
Requests
Instant SMS & Email
Facility
ELIGIBILITY & TYPES OF ACCOUNTS
Who is Eligible to join NPS?
A citizen of India including NRIs- Age between 18 years and 65 years at the time of submission of
application
- Compiled with KYC (Know your customers) norms
- As per NPS rules, OCI and PIO card holders are not eligible
- Applicant should not have a pre-existing NPS account
Types of Accounts available for Subscribers.
-
TIER 1 Account:
The applicant shall contribute his/her savings for retirement into this restricted withdrawable account. This is the retirement account and applicant can claim tax benefits against the contributions made subject to the income Tax rules in force. -
TIER 2 Account:
Opening of this account is optional for investment purpose. The subscriber has the flexibility to can withdraw from this account as per their requirements.
SECURE YOUR FUTURE
PRAN Allotment using PAN and Bank details (KYC verification by Bank)
You must have a 'Permanent Account Number' (PAN) and an active Saving / Current account with any of the empanelled Banks (for KYC verification and initial payment through Internet Banking) to complete the registration process using this option. To view the list of empanelled Banks available for registration, click here.- You need to fill up all the mandatory details online.
- You need to upload your scanned photograph and signature in *.jpeg/*.jpg/*.png format having file size between 4KB – 50 KB. Bank Proof need to be uploaded in *.jpeg/*.jpg/*.png/*.pdf/*.tiff format having file size between 4KB – 2 MB.
- You need to make the initial contribution while opening the account (Minimum amount of Rs.500 for Tier I and Rs.1000 for Tier II).
- Initial contribution needs to be done through the Internet Banking facility of the bank selected by you during the online application process. The same bank will be responsible for your KYC authentication in NPS.
Steps to Contribute
All existing Subscribers (registered through both online and offline mode) registered with KFintech-CRA can contribute to their PRAN Tier I & Tier II account using ‘eNPS’. To contribute online, you need to :
- Have an active Tier I / Tier II account.
- Authenticate your PRAN using the OTP sent to your registered mobile number and e-mail ID.
- Select the account (Tier-I or Tier-II) and make contributions through your Debit / Credit card or use Internet Banking option of any of the empanelled Banks. To view the list of empanelled Banks available for making contributions, click here.
- If PRAN was allotted through a Point Of Presence (PoP), PoP Service Charges will be applicable on the contribution amount 0.10% plus applicable GST (subject to minimum of ₹ 10 and maximum of ₹ 10,000 per transaction).
Steps to Activate Tier II A/c
All existing Subscribers (registered through both online and offline mode) associated with KFintech-CRA can activate Tier II account using 'eNPS'. To activate Tier II account online :
- You must have a 'Permanent Account Number' (PAN).
- You need to provide PRAN, Date of Birth and PAN.
- OTP for the purpose of authentication will be sent to the mobile number registered with the CRA.
- You need to fill up all the mandatory details (Bank, Nomination, Scheme Preference etc.) online.
- Upload copy of PRAN Card and copy of cancelled cheque.
- You need to enter the initial amount for investment (₹ 1000).
- You will be routed to a payment gateway for making the payment towards your NPS account from Debit/ Credit card or Internet Banking. To view the list of Banks available for Internet Banking, click here.
- You need to take a printout of the form after activation of Tier II account.
- The form along with copy of PAN card and cancelled cheque should be sent within 30 days from the date of activation of Tier II account to CRA at the following address or else the PRAN (Tier II) will be 'frozen' temporarily.