One of the best ways to strengthen your retirement plan is to invest in National Pension Scheme. You can open an NPS account with Arihant Capital and start investing. The process is totally automated, hassle-free, and instant. An NPS account can be opened by all Indian citizens between the age of 18-65 years.
Here’s how you can invest in NPS through Arihant Capital:
Step 1: Visit https://www.arihantcapital.com/national-pension-scheme-nps and click on “New NPS Account”.
Step 2: Choose your mode of registration
- Aadhaar Paperless Offline eKYC based registration:
If your Aadhar is linked to an active phone number, you can use this process.
Download the Aadhaar Paperless Offline e-KYC ZIP file and create a share code on the UIDAI website. Upload the “Aadhaar Paperless Offline e-KYC” ZIP file on the NSDL website for the generation of PRAN. Enter the share code of 4-characters created on the UIDAI website.
This will pre-fetch some information from the UIDAI database such as your name, DOB, address, and photo and you can validate the application using Aadhar OTP.
- For PAN-based registration: You just need to ensure that the details you provide for your NPS account (address and date of birth) should match with the records in your PAN. This will help you avoid the rejection of your application.
Step 3: Fill out the NPS application form with the necessary data and upload the requisite documents. Make sure to keep your PAN/Aadhaar card, scanned image of your signature, PAN card, canceled cheque, and passport photos ready.
Step 4: Now, choose a suitable pension plan from the eight available pension plans and select the preferred investment mode. You will also need to make necessary asset allocations as per your objectives and plans.
Step 5: Make a payment into the account through net banking, debit, or credit card.
Step 6: Once the payment is complete, you need to authenticate the application using OTP and eSign the registration form.
You will now receive your Permanent Retirement Account Number(PRAN), which can be used to make investments and receive contributions.
Why NPS Investment through Arihant is a great plan?
Here’s why NPS investment can prove to be highly beneficial:
- Authorized POP provider of NPS
Arihant Capital is registered with PFRDA and is authorized to serve as a point of presence to let individuals make NPS investments in a hassle-free manner. There are more than 700 investment centers across the country where advisors from Arihant will guide you to invest in National Pension Scheme.
- Useful insights from investment tools
You will also receive professional insights from a team of specialists that will help you make appropriate decisions for your retirement planning.
- Solid advice at no cost
Arihant Capital not only helps you make hassle-free NPS investments but also provides the necessary guidance and advice to build a stable retirement plan.
The advisors will co-operate with you to understand your current financial standing and help you make suitable retirement plans. They will provide end-to-end assistance from planning to execution.
- Online NPS calculator
Arihant Capital provides an online NPS calculator that allows you to make crucial estimates about NPS investments. The process is quite easy. You have to enter the monthly or yearly contribution amount, your current age, and choose the percentage of withdrawal you wish to make on retirement.
The online calculator will instantly display the amount you can withdraw along with the monthly pension amount you’d receive post-retirement. These estimates will help you to determine how much you need to invest to fulfill your retirement goals comfortably.
- Corporate NPS
Arihant Capital also lets business organizations register for Corporate NPS. So, a large corporate or a small business enterprise can avail of the services of Arihant for Corporate NPS. This will allow you to help your employees plan for their retirement efficiently and smoothly.
You can open two types of accounts under NPS:
Tier I: It is a mandatory pension account that comes with tax benefits and limited withdrawals.
Tier II: This is an investment account and is optional. There are no tax benefits available for contributions towards this account. However, you can withdraw the corpus any time you wish.
You can start investing today with a minimum NPS investment of ₹500 (for tier I accounts) and ₹1,000 (for tier II accounts). Interestingly, the yearly NPS contribution is also quite low. You can make an annual investment of ₹1,000 for tier I. In the case of tier II, there isn’t any minimum yearly investment cap.
As an employed individual, you need to focus on building a corpus that will allow you to enjoy a comfortable post-retirement life. Opt for NPS investment through Arihant Capital and let a team of professionals handle and manage your retirement plans at no extra charge.