Launch of National Pension System - Complete Online Platform
National Pension System, also known as NPS, is a voluntary defined contribution pension system cum tax planning tool introduced by Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India. The primary objective is enabling systematic savings during the working life of the subscribers.
The aim is to provide retirees with an option to achieve financial stability during their golden years.
This Platform will enable individuals having KYC authentication to open his/her Pension account under NPS and facilitates the new and existing subscribers to make initial and subsequent contribution just in few steps. Once the user will open the application there are options available for Subscriber registration for new Client and Subscriber Contribution for subsequent contribution for existing clients. A subscriber will be displayed with a suitable option once they provide
To ease out the process of offline registration and to provide swift services to the client, we are now completely going online for New Registration.
Any Client having Mutual Fund KYC can now open NPS Account from the link: https://www.bajajcapitalone.com/nps/
The journey is designed keeping 3 types of subscribers into consideration:
- New User with KYC authenticated: If Subscriber is new to the platform, then they need to provide PAN and Date of Birth. Post Clicking on “Invest Now” button. User can start his journey(In Journey 1 below-Explained in detailed)
- New User with Non-KYC authentication: If Subscriber is new to the platform and is not KYC authenticated, on “Invest Now” a form will be displayed asking for the basic details for RM to contact and process the application of a user.
- Subsequent Contribution(Coming Soon): If a user is coming to the platform and doing transaction more than 1 time, he/she will be considered as a subsequent contributor
Benefits of Online Process:
- Instant PRAN Generation and Contribution
- Instant AR punching and client mapping after entering the RM code in the initial page.
- No manual documents or forms are required to be submitted
- Scan Copy of PAN Card, Address Proof, Cancelled Cheque, Color Photograph and Signature is required to be uploaded.
