How to open NPS account through OnlineSBI: Follow these easy steps

State Bank of India (SBI), which is the largest public sector bank in India, has over 15,000 branches and has a broad portfolio of products and services. With digitation of banking services, the SBI has evolved a highly secure internet banking portal -- OnlineSBI.com, which extends online services to both retail and corporate customers. SBI's online application also offers its corporate customers to open a NPS (National Pension System) account very easily. You just need to follow instructions given on the website and require to meet the requisite guideline to avail this facility on OnlineSBI portal.  

Notably, NPS is a contribution pension system introduced by the government as a part of Pension Sector reforms, to provide social security to all its citizens. It is administered and regulated by PFRDA. If you are a corporate customers, you can easily open NPS account following the steps given below. 

1. You can fill up an application online for registering with NPS.
2. Fill up and submit the required details online.
3. Print the Account Opening Form (AOF) on A4 size white papers.
4. Attach the required documents, such as photographs and proof of identity and address, as mentioned in the AOF.
5. A Temporary Pension Reference Number (TPRN) will be generated, which you should note down.

Subscribers can visit- https://retail.onlinesbi.com/npscorp/npsCorporateRegistration.htm for more details. 

Notably, subscribers can also apply for NPS through Offline Mode at SBI, but they need to visit the nearest registered SBI branch and submit Registration Form & NPS Contribution Instruction Slip (NCIS) along with self-attested KYC documents.

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The SBI's online application facilitates Corporate Internet Banking services, providing convenience banking. The services include: you can transact using the portal 24x7, saves your time and cost, you can pay your bills & taxes, transfer money to SBI accounts as well as other banks accounts, make payments to registered suppliers, collect and remit fees, besides allowing you to apply for IPOs online.