How to open the NPS Account through ETMONEY App?

The National Pension System (NPS) is a market-linked retirement savings avenue which helps you plan for a tax-effective retirement corpus. The scheme helps you build up a substantial retirement corpus over your working life and then gives you a tax-free benefit when you reach 60 years of age. Moreover, the NPS scheme also promises pension payments throughout your lifetime after it matures. These pension payments help you get a regular stream of income even post-retirement.

Since NPS investment is an attractive choice, many individuals opt for the scheme. There are various modes of investing into the NPS scheme. The ETMONEY mobile application also allows you to open an online NPS account. In fact, investing in the NPS scheme becomes quite convenient through the ETMONEY app. Do you know how to open your NPS account through the app?

Here’s the detailed process of opening an online NPS account through the ETMONEY app –

• Download the ETMONEY application on your Smartphone from Google Play Store or Apple Store depending on your mobile phone’s operating system
• Once downloaded, register on the application using your email ID
• The application would ask your permission to access your phone inbox to send and receive SMS. You can hit ‘Continue’ to grant access to choose ‘Ask me Later’ to proceed to the next page
• The application would, then, create your profile. You would see different options for investments, insurance, and loans. You can also track your monthly expenses using the application
• On the app’s home page, there would be an option ‘Retire Rich’ under which you would be given the option to invest in the NPS scheme
• Choose the NPS investment option and a new screen would appear. It would show you the tax benefits of NPS, its returns, how it works, NPS calculator, how the investment is allocated and also FAQs on NPS
• On the bottom of the page, there is an ‘Invest Now’ button. Click on it to begin your investments 
• You would then be asked if you have invested in NPS earlier and your date of birth in DD/MM/YYYY format
• Then you would have to choose your risk profile from Aggressive, Moderate, or Conservative profile options. The aggressive profile has a high equity exposure while Moderate has a moderate exposure. Conservative profile, on the other hand, has low equity exposure thereby preventing your investments from market volatility. Moreover, based on your age, the application would also recommend the suitable risk profile which you should choose.
• After you choose your risk profile, the fund managers would be listed. Their respective fund sizes and 5-year returns would also be shown so that you can choose a suitable fund manager to manage your investments and give you the best returns
• After the fund manager is selected, you would be asked the lump sum investment amount which you would like to invest
• Specify the amount and click to agree on the terms and conditions of the application
• Click on ‘Continue’ and you would be shown the total amount payable including GST
• Confirm the amount to proceed to invest
• You would  have to enter in your PAN Card number as it is compulsory for NPS investments
• Once your PAN number is verified, choose whether you are an Indian resident or an NRI
• Provide your bank account details and scan and upload a copy of your account’s canceled cheque for verification purposes
• Thereafter, you have to make the payment from your bank account to complete the investment
• Once the investment is done, you would get a confirmation message and also your PRAN account number through which you can track and monitor your NPS investments

The ETMONEY app, therefore, eases the whole process of opening an online NPS account. It takes a few minutes to invest in NPS through the application. The application also helps you track your investment and monitor the returns easily with a few clicks of the button. So, if you want to invest in the NPS scheme, download and use the ETMONEY app for a convenient way to invest.