How to Activate NPS Inoperative Account: National Pension System is a retirement savings scheme. If your account NPS account has become inactive then it can be reactivated again.
If your account has become active under NPS i.e. National Pension System, then it can be reactivated again. National Pension System is a retirement saving scheme. If you want to take advantage of the National Pension System, then the closed account can be started again. Know how you can do this.
How to unfreeze?
To unfreeze the account, the customer has to pay the total minimum amount for the period of freeze. Minimum contribution for the year in which the account is reactivated along with a penalty of Rs.100/- has to be paid. To unfreeze an account, the customer has to visit the Point of Presence (POP) and deposit the required amount.
These documents will be required –
- PAN card,
- identity card,
- Address proof,
- passport size photos,
- reactivation form,
- You can also get this form from the official NPS website.
You have to fill the form properly with all the required documents. Sign and submit the form with all the information like PRAN, reason for activation and personal details. You will also have to submit KYC documents and passport size photographs along with the form. When the complete form is filled, you can submit the form by going to the POP-SP office. You will have to pay a nominal fee to reactivate the NPS account. Information regarding fee will be available from POP-SP. When you make the payment, take the receipt for it.
Minimum contribution required
The minimum contribution at the time of account opening is Rs.500 for Tier I and Rs.1000 for Tier II. The minimum contribution amount is Rs.500 for Tier I and Rs.250 for Tier II. 6000 for Tier I and the minimum annual contribution is Rs. 2000 for Tier II is Rs.
