Archive · 11 Oct 2026
PFRDA Brings NPS Tatkal Account Opening to PhonePe and BHIM
NPS is a savings plan for when people retire.
PFRDA says people can now start an NPS account using PhonePe or BHIM.
Applicants must be between 18 and 85 and use an eligible, KYC-verified bank account.
They open the app, enter their details and choose a bank account, then make a payment using UPI.
After the details and payment are checked, they can receive a PRAN, which identifies their NPS account.
A new Tier 1 account has a reported minimum contribution of Rs 500.
An existing Tier 1 subscriber can reportedly open Tier 2 with Rs 250.
NPS money is invested in markets, so returns can vary.
The article says BHIM registration is currently available to customers of six named banks.
PFRDA announced on October 6, 2026, that NPS Tatkal account registration is available through PhonePe and BHIM.
Eligible applicants aged 18 to 85 can open an account through a three-step process: open the app, enter details and select a bank account, then contribute through UPI.
Applicants need an existing KYC-verified bank account; successful verification and payment can lead to a Permanent Retirement Account Number (PRAN).
The reported minimum contribution is Rs 500 for a new Tier 1 account and Rs 250 for an existing Tier 1 subscriber opening Tier 2.
The article lists six banks whose customers can currently register through BHIM; a separate UPI contribution limit of Rs 2,000 including charges is also reported.
- Who
- PFRDA announced the facility for eligible NPS applicants aged 18 to 85.
- What
- A digital route to register for NPS through PhonePe or BHIM and contribute using UPI.
- When
- PFRDA announced the availability on October 6, 2026.
- Where
- Through the PhonePe and BHIM apps in India.
- Why
- To make NPS registration available through a digital, paperless process.
Convenience
Investor considerations
Digital account opening
Convenience
The articles describe PhonePe and BHIM registration as a simpler, paperless way to start an NPS account.
Investor considerations
Applicants should check that their bank and app are eligible; digital onboarding does not change NPS investment, withdrawal or exit rules.
Investment suitability
Convenience
The facility can make it easier for eligible users to begin long-term retirement saving.
Investor considerations
NPS investments are market-linked, returns vary, and investors should consider their risk appetite and investment horizon.
- Eligible age
- 18 to 85 years
- Registration steps
- Open BHIM or PhonePe; enter details and select a bank account; contribute through UPI.
- Minimum contribution
- Rs 500 for a new Tier 1 account; Rs 250 for an existing Tier 1 subscriber opening Tier 2.
- BHIM banks listed
- State Bank of India, ICICI Bank, HDFC Bank, Bank of Baroda, Axis Bank and IndusInd Bank.
- Reported UPI contribution cap
- Rs 2,000, including charges.
- Same-day investment cut-off
- D-Remit contributions received by the Trustee Bank before 9:30 AM are invested at that day's NAV; later or non-working-day contributions are reflected on the next working day.
- Subscriber target
- PFRDA Chairperson S Ramann said the regulator aims to add 2 to 3 crore NPS subscribers through Tatkal over two years.
