National Pension scheme: A step-by-step guide to access ePRAN through DigiLocker | NPS login, calculator, interest rate, details & more

NPS login, calculator, interest rate, steps to download ePRAN: The National Pension Scheme (NPS) has emerged as a good option for someone seeking a low-cost investing opportunity, while at the same saving big through tax deductions. The government-backed retirement scheme's benefits, interest rates and easy to manage online portal have encouraged subscribers to secure post-retirement life.  

The NPS with both Tier 1 and 2 options have the lowest management costs of any pension programme. As the account maintenance is low, the benefit of accumulated pension wealth to the subscriber becomes larger. 

Permanent Retirement Account Number (PRAN)

As soon as you open the account with the National Pension Scheme (NPS), a Permanent Retirement Account Number (PRAN) is generated. It's advisable and important for the subscriber to keep this unique number safe as it remains with the subscriber throughout his lifetime. 

Once your application is successfully processed, a physical copy of the PRAN card is delivered to the address mentioned at the time of opening the account along with other documents. 

However, there is also an option to download the soft copy of the crucial number. In fact, it is always advisable that you download the soft copy of your card to avert any issues later, if the actual physical card is damaged or lost. 

Here's a step-by-step guide on how to do it through DigiLocker

1) Open DigiLocker  (https://www.digilocker.gov.in/)
2) Sign in using registered mobile number or Aadhar Card
3) Enter 6-digit security pin 
4) 6-digit OTP will be received on registered mobile number. Fill OTP and click submit
5) On the left, there's an option of 'Search Documents', click on it.
7) Under the central govt option, click on PFRDA (Protean)
8) The page will navigate to ePRAN Card. Keep your PRAN handy.
9) Simply fill-in all details, including your unique number and click get document.
10) You will get the document which can also be checked on Issued Documents section. 

NPS calculator 

Investment- Rs 12,500 every month 

Investment start age - 25 years

Investment life -  35 years (till the age of 60 years)

Assuming an annual return - 10%

Annuity purchased - 60%

Total investment - Rs 52,50,000 

Total Corpus - Rs 4,78,53,459

Expected Monthly Pension will be - Rs 143560

NPS Interest Rate

The NPS interest rate usually ranges from 9% to 12% p.a

Income tax benefits

Employees contributing to NPS are eligible for tax deduction up to 10% of salary (Basic + DA) under section 80 CCD(1) within the overall ceiling of Rs. 1.50 lakh under Sec 80 CCE. 

In respect of employer’s contribution toward NPS account of an employee, the person is eligible for tax deduction up to 10% of salary (Basic + DA) (14% if such contribution is made by Central Government) contributed by employer under Section 80 CCD(2) over the limit of Rs. 1.50 lakh provided under section 80 CCE.

What gives NPS the edge over other retirement schemes is the fund management charge is low. Moreover, all across the world, countries are facing higher inflation since the waning of the pandemic and also due to geo political situations. So, it can be concluded that NPS could be really helpful to build retirement corpus over time.

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Also Read | National Pension scheme: A step-by-step guide to access ePRAN through DigiLocker | NPS login, calculator, interest rate, details & more