How PAN details and KYC details as recorded with his/her Bank are processed for online opening of the Individual Pension Account under NPS?
NATIONAL PENSION SYSTEM -ENPS
How PAN details and KYC details as recorded with his/her Bank are processed for online opening of the Individual Pension Account under NPS?
An individual opting to open the online Individual Pension Account using PAN details and KYC details as recorded with his/her Bank must have enabled netbanking facility from the bank where his/her account is held/maintained and the concerned Bank selected should also be empaneled on the eNPS platform for performing the KYC verification.
An individual providing the PAN details will be required to compulsorily fill all the mandatory fields for completing the account opening process and subsequent generation of Permanent Retirement Account Number (PRAN) The name provided in the online application form is validated with the PAN records. The bank and address details provided in the online application form is authenticated by the concerned bank selected by the applicant as per the records available with the Bank in respect of the applicant. In case of rejection of KYC by the selected Bank, applicant should contact the bank as the PRAN will be get immediately categorised as ‘temporarily frozen’ and the subscriber will not be allowed to undertake any further transactions.
How PAN details and KYC details as recorded with his/her Bank are processed for online opening of the Individual Pension Account under NPS?
An individual opting to open the online Individual Pension Account using PAN details and KYC details as recorded with his/her Bank must have enabled netbanking facility from the bank where his/her account is held/maintained and the concerned Bank selected should also be empaneled on the eNPS platform for performing the KYC verification.
An individual providing the PAN details will be required to compulsorily fill all the mandatory fields for completing the account opening process and subsequent generation of Permanent Retirement Account Number (PRAN) The name provided in the online application form is validated with the PAN records. The bank and address details provided in the online application form is authenticated by the concerned bank selected by the applicant as per the records available with the Bank in respect of the applicant. In case of rejection of KYC by the selected Bank, applicant should contact the bank as the PRAN will be get immediately categorised as ‘temporarily frozen’ and the subscriber will not be allowed to undertake any further transactions.
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