Why your NPS account may become inactive and how to reactivate it
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Your NPS account is probably freezed
If you are facing trouble logging in to your National Pension System (NPS) account online, the account is probably 'freezed'. NPS subscribers are required to contribute a minimum of Rs 1,000 every financial year. An NPS account and the PRAN (Permanent Retirement Account Number) are designated 'inactive' or 'frozen' if the subscriber does not invest this minimum annual amount. Follow these steps to reactivate or unfreeze a ‘freezed’ NPS account.
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To apply
The form needed to unfreeze PRAN is Form UOS-S10-A, as specified by the NPS. One can obtain the form from the bank or post office where the NPS account has been maintained. Alternatively, one can download it from this link: https://npscra.nsdl.co.in/download/non-government-sector/allcitizens-of-india/forms/UoS-S10AUnfreezing%20of%20PRAN.pdf
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Documents needed
The subscriber must have a copy of his/her PRAN card along with the form.
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Contribution required
Subscribers must make the following contributions, as applicable:
Regular NPS account: Rs 500 for the current financial year plus penalty of Rs 100 for each 'frozen' year
For Swavalamban accounts: Rs 500 for the current financial year plus penalty of Rs 25 for each 'frozen' year
Regular NPS account: Rs 500 for the current financial year plus penalty of Rs 100 for each 'frozen' year
For Swavalamban accounts: Rs 500 for the current financial year plus penalty of Rs 25 for each 'frozen' year
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Verification
Once the application is submitted, the authorities verify whether the contribution accepted is greater than the minimum amount prescribed to keep the account active. If the amount is found in order, the application is processed and the PRAN is activated.
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Points to remember
Keep safely the acknowledgement slip signed by the accepting authority, after application submission.
Nominal transaction charges may be levied by the bank or post office along with a service charge levied by the CRA (Central Recordkeeping Authority) as applicable for a contribution transaction.
Nominal transaction charges may be levied by the bank or post office along with a service charge levied by the CRA (Central Recordkeeping Authority) as applicable for a contribution transaction.