What is PRAN?
The National Pension System (NPS) issues a unique Permanent Retirement Account Number (PRAN) Card to its subscribers. This 12-digit number is essential for tracking and managing pension contributions under NPS. The PRAN Card proves registration and is necessary for various pension scheme transactions.
Features of PRAN Card
- Unique Identification: A 12-digit number unique to each subscriber.
- Applicable to Both NPS Tiers: PRAN is used for both Tier I (mandatory) and Tier II (optional) accounts.
- Portability: It remains unchanged throughout the subscriber’s lifetime, regardless of employer or location changes.
- Digital Access: An e-PRAN cards download is available for convenience.
- Facilitates Online Tracking: Subscribers can track PRAN card status and manage pension accounts online.
How to Apply for a PRAN Card?
PRAN cards can be applied through two primary methods:
1. PRAN Application Using Aadhaar Card
- Visit the National Securities Depository Limited (NSDL) or Karvy portal.
- Choose Aadhaar-based e-KYC.
- Enter the Aadhaar number and validate via OTP.
- Fill in personal details, select a pension fund, and submit the PRAN cards application form.
- Upload a scanned signature and photograph.
- Pay the required processing fee and complete the registration.
2. PRAN Application Using PAN Card
- Go to the NPS registration portal.
- Select a PAN-based application.
- Provide PAN details and choose the Point of Presence (PoP).
- Complete the personal details and select an investment scheme.
- Upload KYC documents and proceed with payment.
- PRAN cards will be generated and sent to the registered address.
You may also want to know VPF Rules
Documents Required for PRAN Card Application
- Identity Proof: Aadhaar, PAN, Voter ID, or Passport.
- Address Proof: Utility bill, Passport, or Bank Statement.
- Date of Birth Proof: Birth certificate, Matriculation certificate, or Aadhaar.
- Photograph & Signature: Scanned copies for online applications.
- Bank Account Details: Required for NPS contributions.
How to Track the Status of the PRAN Cards?
To track the status of a PRAN cards dispatch, follow these steps:
- Visit the NSDL CRA website.
- Navigate to Track PRAN Status.
- Enter the Acknowledgement Number or PRAN Number.
- The current PRAN cards status will be displayed.
Activation of PRAN Card
- Upon receipt of the PRAN cards, the subscriber needs to activate it.
- Submit the First Contribution under NPS.
- The Point of Presence (PoP) verifies and activates the PRAN.
- An SMS/email notification confirms the PRAN cards activation.
How to Download and Print e-PRAN?
- Log in to the NSDL or Karvy portal.
- Navigate to e-PRAN Cards Download.
- Enter the PRAN Number and Password.
- Download the digital copy and print it for records.
Benefits of PRAN Cards
- Universal Portability: Unaffected by job changes or location shifts.
- Online Convenience: Easy access to account details and transactions.
- Security of Retirement Funds: Ensures streamlined pension contributions.
- Government-backed Scheme: Provides regulated pension benefits.