Open a new NPS account
Register online on the KFintech NPS website. Keep your PAN, Aadhaar, bank account details, and a photo and signature ready.
Retirement savings
National Pension System (NPS)
Open a new NPS account or add money to your existing one online, with our help whenever you need it.
Contribute to your NPS account
Already have a PRAN? Add money to your NPS account online. The payment goes directly into your own NPS account.
These links open the official NPS website of KFin Technologies, a Central Recordkeeping Agency (CRA) for NPS, in a new tab. Your money goes straight into your own NPS account. We never collect cash or ask you to pay into a personal account.
Need help filling in the form? We can guide you step by step.
The basics
What is NPS?
The National Pension System is a low-cost, long-term retirement savings scheme run by the Government of India and regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
You put money in regularly while you work. Professional pension fund managers invest it in a mix of equity, corporate bonds and government securities. When you retire, your savings give you a lump sum and a regular pension.
- Who can joinIndian citizens aged 18 to 70, including NRIs
- Tier IThe main pension account, with tax benefits
- Tier IIAn optional, flexible savings account
- Your choice of investmentPick your own mix (Active choice) or let it adjust with age (Auto choice)
- PortableOne account for life, across jobs and cities
Tax benefits
Save tax while you save for retirement
NPS contributions can reduce your taxable income under these sections of the Income Tax Act.
Your own contributions
Deductible within the overall ₹1.5 lakh limit of Section 80CCE, along with PPF, ELSS and other options. Old tax regime.
An extra ₹50,000
An additional deduction of up to ₹50,000 a year for your own NPS contributions, over and above the ₹1.5 lakh limit. Old tax regime.
Your employer’s contribution
Deductible up to a set percentage of your salary, under both the old and the new tax regime.
Tax rules change from time to time. Please check the current rules, or speak to a tax professional, before you rely on a deduction.
Good to know
Before you invest
- Tier I savings are meant for retirement. Early withdrawals are allowed only for specific needs, under PFRDA rules.
- NPS returns are market-linked and not guaranteed.
- You can change your pension fund manager and investment choice, within limits set by PFRDA.
- NPS works best as one part of a retirement plan, alongside EPF, PPF and mutual funds.
What is a PRAN?
PRAN stands for Permanent Retirement Account Number. It is the unique 12-digit number every NPS subscriber gets. It stays with you for life, even if you change jobs or move to another city.
Can I open an NPS account online?
Yes. Use the “Open a new NPS account” links on this page. They open the KFintech NPS website, where you fill in your details, complete KYC and make your first contribution. If you get stuck, call or WhatsApp us and we will guide you.
What is the difference between Tier I and Tier II?
Tier I is the main pension account. It carries the tax benefits, and withdrawals before retirement are allowed only in specific situations. Tier II is an optional savings account linked to your Tier I account; you can withdraw from it more freely, but it does not get the same tax benefits.
Can NRIs open an NPS account?
Yes. NRIs can join NPS and contribute from an NRE or NRO bank account. Some rules are different for NRIs, so please talk to us before you start.
Are NPS returns guaranteed?
No. NPS money is invested in equity, corporate bonds and government securities by pension fund managers regulated by PFRDA, so returns depend on the markets and can go up or down.
What happens when I retire?
At exit, part of your savings can be taken as a lump sum and the rest is used to buy an annuity, which pays you a regular pension. The exact limits are set by PFRDA and change from time to time, so we explain the current rules when you plan your exit.
Free initial consultation
Not sure how much to put into NPS?
We help you decide how NPS fits with EPF, PPF and mutual funds in one retirement plan.