Eligibility criteria for NPS subscribers under Corporate Sector Model

• Employee of a corporate / entity that has implemented NPS
• Indian Citizen (resident or non-resident) and Overseas Citizen of India (OCI)
• Aged between 18-70 years
• Compliant to Know Your Customer (KYC) norms.

Persons of Indian Origin (PIOs) are not eligible for subscribing to NPS. NPS is an Individual Pension Account and cannot be opened on behalf of a third person. The applicant should be legally competent to execute a contract as per the Indian Contract Act.

Opening an NPS account

1. Employee submits a duly filled application form to the employer for authorization.
2. Submission of authorized form to a PoP or a CRA for opening the individual's Tier-I pension account.

Documents required during account opening:

For resident Individuals:

• One Recent Photograph
• PAN Card
• Proof of Address
• Proof for the Bank Account
• For NRIs and OCIs:

  Non-resident Individual (NRI)	Overseas Citizen of India (OCI)
  One Recent Photograph	One Recent Photograph
  PAN Card	PAN Card
  Indian Passport	OCI Card
  Proof of address – India	Proof of address - foreign country
  Proof for the Bank Account (NRE/NRO)	Proof for the Bank Account (NRE/NRO)

  Refer instructions in the subscriber registration form for the list of acceptable proofs.

I already have an NPS account. Should I open a new NPS account for my job?

Under NPS, the Pension Account is unique. The same Permanent Retirement Account Number (PRAN) allotted by CRA to a subscriber can be transferred across employment or employer, location and geography.

Employee already having an NPS Account can provide the PRAN to his new employer for tagging the existing PRAN to their employer. Employee can also transfer the pension account to the new employer (of any sector), if NPS is implemented in the new organization or may continue the NPS account under All Citizen Model through any registered PoP.

Subscribers of EPF / PPF / Superannuation Fund / Provident Fund can join NPS

NPS can be voluntarily subscribed along with any other pension schemes. However, an individual cannot have multiple NPS accounts.