How to Change Bank Details in National Pension System (NPS) Online
The process of changing your bank details in the National Pension System (NPS) online is straightforward and can be completed with a few simple steps. Whether you are an eNPS subscriber or need to handle a query or grievance, you can follow the guidelines provided below to ensure a smooth update of your financial information.
Steps to Update Your Bank Details in NPS Online
Step 1: Visit the NPS Official Website or eNPS Portal
To start, visit the official National Pension System (NPS) website or the eNPS portal. This is the primary platform for all NPS-related transactions, including updating your bank details.
Step 2: Login to Your Account
Click on the “Login” option. Enter your PRAN (Permanent Retirement Account Number) and password to access your account.Step 3: Navigate to the Manage Section
Once logged in, look for the Manage option on the dashboard. This section will allow you to manage your account settings, including changing bank details.
Step 4: Select Change Bank Account
Under the Manage section, you should find an option to change your bank account details. Click on this option to proceed further.
Step 5: Enter New Bank Details
Fill in the required fields with your new bank account information, including the account number, IFSC (Indian Financial System Code), and bank name. Ensure that all the information is accurate before proceeding.
Step 6: Submit the Request
After entering the new details, review the information for accuracy to avoid any errors. Click on the Submit button to send your request.Step 7: Verification
You may need to verify the change through an OTP (One-Time Password) sent to your registered mobile number or email. Follow the instructions provided to complete this step.
Step 8: Confirmation
Once your request is processed, you will receive a confirmation regarding the change in your bank details. Keep this confirmation for your records.
Additional Notes
Documents Required
Supporting documents may be required for verification. You might need to upload a canceled cheque or bank statement. Ensure that these documents are up-to-date and accurate.
Processing Time
Changes may take a few days to reflect in your NPS account. Keep track of your confirmation and any communication from the NPS team to ensure a smooth update process.
Contact Customer Support
If you encounter any issues during the process, contact the NPS customer support for assistance. They can provide you with the necessary guidance and support to complete the update.
Options for Updating Bank Account Details
1. Submit a Query or Grievance
If you prefer to submit a query or grievance, you can do so through the NSDL CRA’s dedicated grievance portal. Submit the necessary details and upload the required documents to the portal. The team will carry out the due diligence process and update your details once verified.
2. Approach Any POP-SP
If you prefer to visit a NPS service provider, you can approach any NPS POP (Point of Presence) service provider to submit a duly filled up S2 Form (Subscriber Details Change Form). This form can be downloaded from the NPS website or obtained at any POP location.
Conclusion
Maintaining accurate and up-to-date bank details is crucial for the smooth functioning of your NPS account. By following the steps outlined above, you can ensure that your bank account information is correctly updated, and any issues are promptly addressed through the support systems in place.
For more information about NPS and its processes, visit the NPS Official Website.