How To Link Aadhaar With Your NPS Account Online?

The National Pension System (NPS) is a government-supported pension fund that helps individuals to establish a large pension benefit to cover the retirement life. Subscribers are recommended by the Pension Fund Regulatory and Development Authority (PFRDA), that regulates NPS, to link Aadhaar with NPS accounts. The initiative was introduced in 2004 by the Government of India to offer benefits for government employees and was introduced to everyone in 2009. A subscriber only needs to deposit a minimum of Rs 6000 to open a NPS account successfully.

During his or her working life, a subscriber can contribute regularly to a pension account, withdraw a portion of the corpus in a lump sum, and use the remaining corpus to purchase an annuity to maintain a regular flow of income during his or her retirement life. An Indian citizen aged 18 to 60 can join the NPS. An NPS account can be opened with institutions identified as Point of Presence (POP) by submitting the KYC norms. The majority of banks are registered as POPs, both in the private and public sector. There are also some financial institutions functioning as POPs. As the selection points, the approved branches of a POP, called point of presence service providers (POP-SPs) perform.

You must fill the registration form and submit it to the POP along with proof of identity and address. Hence, when it comes to KYC norms your Aadhaar Card must be linked with your NPS account in order to keep your account active. And for the same you must follow the below covered procedures to link your Aadhaar with your NPS account.

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