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Investing in the National Pension Scheme ensures considerable income for a beneficiary after retirement. However, an individual often needs to update their NPS account details. For example, knowing how to change the nominee in your NPS account is a crucial process that can help when the need arises.
This particular article would prove to be highly helpful for someone searching how to change nominees in NPS and those looking to update other vital details like NPS mobile number change, NPS date of birth correction, NPS name correction online, NPS nominee change online, etc.
Subscribers can change their personal details by logging into their accounts using the appropriate login ID and password.
A subscriber can carry out a number of corrections in the NPS account through the eNPS portal. These include:
“How to change mobile number in NPS” - Are you looking for answers to this question?
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For cases where a subscriber does not possess an IPIN:
Subscribers should link their NPS accounts with their Aadhaar. However, for all existing subscribers, updating the details can be necessary. Following are steps for updating Aadhaar details:
Subscribers must note that the name mentioned in the PFRDA must match that name given on the Aadhaar card.
“How to update your address in NPS” or “How to change address in NPS” – Are these your search queries?
The answer is right here!
The process to update address details follows the same route as updating Aadhaar details. Firstly, one has to login into an NPS account by using their user ID and password. Then one must click on “Update Details” and select “Update Aadhaar/Address Details.”
The next step involves choosing the option “Update Address Details.” After this, subscribers should update their details for permanent and correspondence addresses by Aadhaar-based authentication through a One Time Password (OTP).
Are you wondering how to change equity allocation in NPS?
For that, you can opt for the option to change your scheme preference, through which you can indicate your preference by mentioning the ratio through which your contribution will get invested.
For updating scheme preference details in one’s NPS account, a subscriber can go through these below-mentioned steps:
Step 1: Firstly, subscribers should log in to the subscriber portal of NPS. The login ID here would be their Permanent Retirement Account Number.
Step 2: Now, they must click on the “Transact Online” tab and select the “Change Scheme Preference” option.
Step 3: The third step involves choosing a type of account – Tier I or Tier II, and selecting the desired scheme, either an active choice or auto choice. In the auto choice option, one can make a choice between moderate, conservative, or aggressive auto choice. If subscribers select the active choice option, the percentage for asset allocation would also be indicated across the classes of assets.
Wondering whether there are NPS scheme preference change charges?
Yes, a transaction charge applies to such a change by CRA providers at standard rates, which the PFRDA approves.
The Internet Personal Identification Number or IPIN might be required to be reset by subscribers. For this, one needs to go through the following steps -
After this, subscribers can log in with their new password. After logging into the account successfully, one can access account details, download transaction statements, etc.
Previously, existing subscribers of the National Pension Scheme, willing to change nomination in their PRAN, had to submit Form S2. Now the process for change of nominee has gone online. The process for the same looks like this -
The process of changing the nomination is entirely digital and does not require any paperwork. However, if the e-sign fails, updating of changes would not take place. Then, the nomination would have to be updated by subscribers via the physical format according to the previous process.
If a subscriber who is seeking some information has any grievance, they can report that through the eNPS portal. The NSDL-CRA has designed a grievance redressal process that is quick, responsive, effective, simple, and easily accessible in nature. A subscriber has several options for registering a complaint or grievance.
Under the National Pension System, an individual can register a grievance against an entity by logging into their account. Alternatively, they can visit the section stating “Log Your Grievance/Enquiry,” which is placed under the website’s “Subscriber’s Corner” section to log a query or grievance.
Subscribers can register their query or grievance even if they don’t have the PRAN details. After registering successfully, the screen will display a token number which would be used for future reference.
When a subscriber lodges a grievance, an alert generated by the system is forwarded to the entity against which grievance has been raised. The concerned entity then resolves such a grievance, and resolution details are posted in the CRA system.
After a subscriber registers a complaint on the CRA website, a unique token number gets assigned for each of their grievances. That particular token number can then be utilised by a subscriber for knowing the status of the complaint through the CRA website. For that, one first needs to visit the section titled “Log Your Grievance/Enquiry” found under the “Subscriber’s Corner” tab.
Personal details of a subscriber can be updated or changed through the eNPS portal. You need to fill up Form S2 to enforce such changes. Before going into changing a subscriber’s personal details, one must have an idea about this Form S2.
Several details can be updated with the help of this form. As per the details which need to be changed or updated, a subscriber must choose the specific field in the form which they want to change.
In addition to these details, a subscriber can also request reissuing IPIN, TPIN, and a PRAN (Permanent Retirement Account Number) card. Besides this form, they must submit all required documents for completing the entire procedure.
When it comes to the form submission, a subscriber must send the form along with all required documents to the address of the NSDL CRA.
Now, while updating details in the form, a subscriber should only enter the details that require a change and must strike the remaining sections, which turn out to be invalid for one’s case.
Given below are some guidelines, which a subscriber must follow while filling a form for changing personal details:
The documents required while initiating personal details change request offline are:
In addition to these, there is a list of documents that are accepted as proof of address. Those are given below:
The subscriber must furnish a copy of any of these documents mentioned above.
So now that you are aware of how to change the nominee in NPS and all other related details, you can now smoothly go about updating procedures related to various aspects of the National Pension System.
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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.
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