How do I add or update candidate details in the NPS online account?

For people planning to save for retirement, the National Pension System (NPS) is a government-backed retirement and tax savings plan that not only provides tax advantages, but also ensures that capital accumulation pension increases over time through funding until retirement. It is preferable to choose a nominee when creating an NPS account as this will allow the nominee to withdraw the full amount of accrued pension. Up to three candidates can be nominated for the NPS Tier I account in accordance with the rules set by the Pension Fund Regulatory & Development Authority (PFRDA). The overall percentage of sharing for all candidates must be 100% and the subscriber must define the share of savings that he wishes to give to each candidate at death. For making nominations, the PFRDA has allowed online media and subscribers can either add a new one or update the details of existing candidates from the comfort of their own home.

How do I edit NPS nominee details?

1. Visit and login to your account using user ID and password.

2. While logging in, click on “Demographic Changes” from the menu option, then select the “Update Personal Information” option.

3. Now, on the “Subscriber Edit” page, select “Add/Update Candidate Details”, then click “Confirm” to continue.

4. Now select the level 1 or level 2 account for which you wish to declare the appointment.

5. To add applicant details, enter name, select if adult or minor, date of birth, relationship, guardian name, address, PIN, city, state and country .

6. Click on ‘Add’ if you wish to add more than one candidate, or click on ‘Save’.

seven. If you would like to make changes to the nomination form, click “Edit” or click “Submit” to continue.

8. Now enter the OTP sent to your registered mobile number and click “Submit OTP”.

9. Now the subscriber has to electronically sign the change subscriber form and for that he has to click on “eSign & Download”.

ten. Click on ‘Continue’ and you will then be redirected to the ‘NSDL Electronic Signature Service’ page under which you will have to accept all declarations.

11. Now enter your VID/Aadhaar number and then click “Send OTP”.

12. Now enter the OTP sent to your Aadhaar linked mobile number and click on “Check OTP”.

13. Click “Download e-Sign File” and the amended appointment details will be downloaded to your device in PDF format.

According to the guidelines established by NPS Trust, “100% of the accumulated retirement estate would be paid to the policyholder/legal heir of the subscriber and there would be no annuity purchase/monthly pension. The agent, if he wishes, has the option of subscribing to an annuity on the entire corpus”, in the event of exit by the subscriber.

If you did not nominate someone for your NPS account when you signed up for the program, you can do so after you receive your PRAN by following the online steps outlined above. You can also update nominations in your NPS Tier I account at any time after you receive your PRAN. Highlighting the fees required for the nomination, NPS Trust stated that “if you make the nomination at the time of your PRAN registration, you will not be charged any fees. However, a subsequent appointment update request would be considered a service request and you will be charged an amount of Rs. 20/- plus the applicable service fee for each request.

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