Hey Pal,
Are you having issues signing into your NPS account? If the answer is affirmative, your account is probably frozen, and there are causes for that. However, don't worry because there are ways to unfreeze an NPS account. I would like to share with you guys the process of how to unfreeze NPS account.
Take A Home Loan at Low-Interest Rates through NoBroker Today! Want to know about the best way to pay utility bills? NoBroker gives cashback on paying the bills, give it a try. Why did your NPS account freeze?When an NPS subscriber learns that their NPS account has been locked, their first question is likely to be "why?" This section will inform you of all the factors that can cause an NPS account to be frozen.
The PFRDA, or Pension Fund Regulatory and Development Authority, has established rules that state that all NPS users must make a minimum annual contribution to their accounts. The account is blocked in circumstances where subscribers fail to execute a minimum contribution from their end, indicating that more transactions won't be permitted in the account.
For holders of Tier I and Tier II accounts, there are differing standards for the minimum contributions that must be processed by subscribers.
How to unfreeze your NPS account online?The digital platform offers an adaptable ecosystem to help you complete your work quickly. One of them is unfreezing your NPS account.
To unfreeze your NPS account, simply execute the consecutive steps listed below, paying the required minimum payment in particular:
To access your NPS account, go to the eNPS portal and log in with your registered credentials.
Next, select "Contribution Option."
Enter your PRAN information, birthdate, and NPS subscription type after that.
On the next page, make the required minimum financial contribution of Rs 500.
You can submit using "Captcha" and OTP-based authentication.
The CRA verifies your payment and sends you a confirmation email to the address you provided.
It is implied that your account has been successfully unfrozen and that you are now able to make more contributions.
I hope the above-mentioned steps would help you with your query about how to activate frozen NPS account online.
Your NPS subscription satisfies your long-term goal of financially preparing for retirement. The NPS architecture assures fair returns on the investment in market instruments suited to your risk choices.
Despite the PFRDA laws being unambiguous, several errors might cause your account to be frozen and harm the health of your corpus. Therefore, it is in your best interest to determine the cause of the freezing and look into the quickest ways how to unfreeze NPS account.
I hope this helps:)
Read More:
Why do banks freeze accounts?
How to unfreeze a bank account? How to Open NPS Account Online and Offline?Your Feedback Matters! How was this Answer?
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How to Unfreeze NPS Account?
Santosh
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2 Year
2022-09-15T19:12:48+00:00 2022-09-15T19:12:50+00:00Comment
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