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Features
Ref. No. KLI/22-23/E-BB/1052
The PRAN number, or Permanent Retirement Account Number, is a unique 12-digit alphanumeric identifier assigned to individuals enrolled in the National Pension System (NPS) in India.
PRAN, an acronym for Permanent Retirement Account Number, stands as a pivotal identifier within the framework of the National Pension System (NPS) in India. Having PRAN offers retirement benefits, investments, and financial security measures.
At its core, the PRAN number embodies a symbol of individual empowerment, marking the commencement of a journey toward financial resilience in one’s golden years. With its 12-digit alphanumeric composition, the PRAN number transcends mere digits, signifying a commitment to long-term savings and prudent investment decisions.
PRAN is a unique identification number assigned to individuals who contribute to the National Pension System (NPS) or Atal Pension Yojana (APY). It serves as a central identifier for all transactions and communications related to an individual’s pension account, ensuring seamless tracking and management of retirement savings throughout their lifetime.
The Permanent Account Number (PAN) card is a unique 10-digit alphanumeric identifier issued by the Income Tax Department of India. Each PAN card is uniquely linked to an individual or entity and is a primary identifier for various financial transactions and tax-related activities.
One of the primary uses of a PAN card is for filing income tax returns. Individuals and entities earning taxable income must quote their PAN card details while filing their annual tax returns with the Income Tax Department. Employers use PAN details to deduct taxes at source from employees’ salaries, while financial institutions collect PAN information for transactions such as fixed deposits, interest income, and dividends.
PAN cards also serve as a mandatory document for opening bank accounts in India. Banks require PAN details to verify the account holder’s identity and ensure compliance with regulatory requirements.
PAN cards play a crucial role in ensuring regulatory compliance and transparency in financial transactions. By linking individuals and entities to their financial activities, PAN cards facilitate effective tax administration and enforcement of laws.
It also helps prevent tax evasion by enabling the Income Tax Department to track high-value transactions and detect discrepancies in income declarations. This ensures that taxpayers fulfill their tax obligations honestly and accurately.
Applying for a PRAN card entails submitting specific documents to authenticate the identity and eligibility of the applicant.
Recent passport-size photographs of the applicant.
Specifications regarding size, background color, and format may vary based on the application guidelines
The application form for PRAN card issuance must be filled out accurately and completely. Any discrepancies or omissions may delay the processing of the application.
Activating your PRAN card is a straightforward process that can be completed online through the eNPS portal or offline by visiting a designated Point of Presence (PoP). Here is a step-by-step guide to help you get started:
As you embark on your journey towards securing your retirement through the NPS, accessing your PRAN card portal is essential for managing your pension account efficiently.
Applicants can request a printed PRAN card to be delivered to them through the “Print and Courier” feature available on the “eSign / Print and Courier” page. Alternatively, they can opt to print the e-PRAN.
To do so, applicants must log in to their NPS account and choose the “Print e-PRAN” option. They can also download the e-PRAN card and store a digital copy on their mobile devices.
Possession of the PRAN card is crucial as it is directly linked to the individual’s NPS account. Moreover, it is one of the necessary documents for submission when claiming the NPS account after retirement.
Those who choose to receive their PRAN cards via mail can conveniently monitor their cards’ status through online tracking.
You can verify the ’ Dispatch Status ’ if you’ve obtained a new PRAN card, a reissued PRAN, or a password/T-PIN.
To ascertain the balance of your PRAN card, access your National Pension System (NPS) account by logging in. Within your account, you can check the balance across two categories: your mandatory Tier 1 account and your elective Tier 2 account. This feature lets you stay informed about the financial status of your compulsory and optional NPS contributions.
The customer care system for the National Pension System (NPS) extends its services to encompass PRAN Card-related inquiries as well. Assistance is available through various communication channels, including telephone, facsimile, email, and in-person consultations at representative offices. This comprehensive support framework ensures that individuals can access guidance and resolve queries regarding their NPS accounts and PRAN Cards through various convenient means.
Individuals have the option to apply for a PRAN both through traditional offline channels or via online means. The procedure for online PRAN application is outlined below:
The PRAN is a unique identifier for individuals participating in the NPS and is essential for managing contributions and accessing retirement benefits. Fortunately, applying for a PRAN card has become increasingly convenient, with the option to do so online. Here’s a comprehensive guide on how to apply for a PRAN card online:
Utilizing Aadhaar card for PRAN application simplifies the process and expedites the verification procedure. Follow these steps to apply for a PRAN using your Aadhaar card:
Alternatively, individuals can apply for a PRAN using their PAN card. Here is how to do it:
Non-resident Indians (NRIs) can apply for a PRAN online and offline. For online applications, NRIs must visit the eNPS portal and follow the steps. Meanwhile, for offline applications, NRIs must complete an Annexure S3 form and submit it at the nearest NPS Point of Presence (PoP). The documentation required for NRI applicants remains consistent with the aforementioned requirements.
Upon submission of all necessary documents and the completed form, individuals can expect to receive their physical PRAN card within three weeks following successful registration.
Reactivating a PRAN involves a straightforward process, whether online or offline. Here’s a step-by-step guide:
If the PRAN holder prefers the online route, they can follow these steps:
For those who prefer the offline approach, the process involves:
PRAN, or Permanent Retirement Account Number, comprises a 12-digit distinct identification assigned to individuals enrolled in NPS. Given its uniqueness per NPS subscriber, it is not possible for an individual to possess two PRAN numbers simultaneously.
The PRAN number is pivotal in the National Pension System for managing retirement savings and benefits. Its unique identification and tracking capabilities ensure transparency, efficiency, and accessibility within the NPS framework. By understanding the significance of the PRAN number, individuals can take proactive steps toward effective retirement planning and financial security.
1
You can get your PRAN number by enrolling in the National Pension System (NPS) through a registered Point of Presence (PoP) or online platform. Upon enrollment, you will be assigned a unique PRAN number.
2
PRAN, or Permanent Retirement Account Number, is crucial as it serves as a unique identifier for individuals participating in the NPS. It facilitates the tracking of contributions, investments, and benefits under the NPS scheme.
3
The 12-digit PRAN consists of a unique combination of numbers and alphabets. It includes the identification number of the Pension Fund Regulatory and Development Authority (PFRDA) and a randomly generated sequence for uniqueness.
4
You can know your 12-digit PRAN number by checking the PRAN card dispatched to your registered address upon enrollment. Additionally, you can access your PRAN number and account details online through the eNPS portal.
5
No, it’s not possible to have multiple PRAN cards. Each individual participating in the NPS is assigned a unique PRAN number, and having multiple PRAN cards is not permitted.
6
Yes, it’s mandatory to apply for a PRAN card when enrolling in the National Pension System (NPS). The PRAN serves as a unique identifier for NPS subscribers and is essential for managing contributions and accessing benefits.
7
Yes, all forms related to the Permanent Retirement Account Number (PRAN) are available in one place, typically provided by the authorized Point of Presence (PoP) or online NPS portals.
8
PRAN, or Permanent Retirement Account Number, is a unique identifier assigned to individuals participating in the National Pension System (NPS). It facilitates the management of contributions, investments, and benefits within the NPS framework.
9
Your PRAN user ID is typically the same as your PRAN number. You can find your PRAN number on the PRAN card issued to you upon NPS enrollment or by accessing your NPS account online through the eNPS portal.
Features
Ref. No. KLI/23-24/E-BB/1052