1. What is Tatkal NPS?

2. Tatkal NPS at a Glance:

3. Who can open an Account under the Tatkal NPS?

The NPS account under the Tatkal NPS framework can be opened by resident Indian individuals aged 18 to 85 years who hold an active savings bank account with completed KYC and a mobile number registered with the bank.

NRIs, OCI card holders and minors cannot open an account through Tatkal NPS.

4. Key Benefits

• Quick and simple: Onboarding in just three clicks
• Fully digital: completely paperless, with no sperate forms to fill.
• Uses of bank KYC: The KYC details already registered with the Selected bank is being used.
• Instant PRAN: Permanent Retirement Account Number is generated immediately.
• Easy Contribution: Through any of the UPI linked bank account.

5. How to open NPS Account through Tatkal NPS

Step 1: Enter date of birth
The onboarding journey begins on the UPI app, where the subscriber enters their date of birth, provides the requisite consent and completes the FATCA declaration. The eligible bank account(s) are then fetched on the basis of the registered mobile number and date of birth.

Step 2: Select bank account
The subscriber selects the preferred bank account and authenticates the request through the OTP sent by the selected bank.

Step 3: Make the first contribution
The subscriber makes the first contribution of a minimum of ₹250 through UPI. The Permanent Retirement Account Number (PRAN) is generated immediately upon successful contribution.

6. Documents Required

No separate submission or verification of Officially Valid Documents (OVDs) shall be required at the time of onboarding. The account is opened on the basis of the KYC already completed by the subscriber’s bank (PoP). The minimum data fields prescribed by PFRDA are fetched directly from the bank’s Core Banking System (CBS).

7. Contribution

Contributions to accounts opened through Tatkal NPS are invested under NPS Sanchay and may be made with full flexibility, as set out below:

• Initial contribution: A minimum contribution of ₹250 is required at the time of account opening.
• Subsequent contributions: Each subsequent contribution must be of a minimum of ₹10, and there is no upper limit on the amount that may be contributed.
• Frequency: Contributions may be made at any time, and there is no fixed schedule or frequency for making them.

8. Pension Fund and Investment Choice

For simplification of onboarding process, the bank (Point of Presence, or PoP) selects the Pension Fund and investment scheme on subscriber’s behalf, based on the subscriber’s explicit consent. However, the default investment choice is NPS Sanchay.

9. Applicable Charges

A one-time onboarding charge of ₹100 (Rupees One Hundred only) is payable by the subscriber, or such amount as PFRDA may prescribe from time to time under the PoP charge structure for fully digital, non-face-to-face onboarding.

10. Tax Benefits

NPS Contributions are eligible for tax benefits under the Income-tax Act, as applicable.

11. Post Onboarding Compliance

Once the PRAN is generated, a subscriber is required to update the remaining details at the earliest. A subscriber may visit the NPS central website (npscentral.in) to see the incomplete profile details and update the same.

If these details are not updated within one year of PRAN generation, the NPS account will be placed under a debit freeze: withdrawals and exit will not be allowed (as per PFRDA's exit and withdrawal regulations) until the details are updated. However, the NPS account shall remain operational for contributions.

12. List of Partner Bank-PoPs as on:

13. List of Partner Third-Party Application Providers (TPAPs) as on:

BHIM and PhonePe.
(Download any of the mentioned app to open NPS account using Tatkal NPS Journey)

14. Need Help?

Toll-free: 1800 110 708
SMS: 'NPS' to 56677
Website: www.pfrda.org.in