A Permanent Retirement Account Number (PRAN) is a unique 12-digit identifier assigned to subscribers of the National Pension System (NPS) in India. It acts as a lifelong account number for managing contributions and tracking retirement savings. PRAN ensures portability, allowing individuals to access and manage their NPS account seamlessly across India, regardless of changes in employment or location.
Overview of PRAN
In terms of efficiency and accountability, PRAN is essential to the National Pension System. It, was introduced by the Government of India to provide citizens with a sustainable pension plan for their retirement years. Every NPS subscriber must have a PRAN, as it helps in linking and managing all their retirement contributions efficiently.
Why PRAN is Important for Retirement Planning
PRAN plays a crucial role in retirement planning, enabling individuals to contribute to a structured pension plan like NPS. By maintaining a centralised record of contributions and accumulated savings, PRAN ensures transparency and ease of access for the subscriber. Furthermore, tools like the retirement planning calculator allow subscribers to forecast their retirement corpus, which directly ties into their PRAN account.
Key Features of PRAN
Here are some of the key features of PRAN to consider.
PRAN remains valid across the country throughout the subscriber’s life.
PRAN provides access to real-time account details, including contribution history and returns.
The number stays the same even when switching jobs or relocating.
PRAN ensures secure and transparent management of funds within NPS.
What is a PRAN Card?
A PRAN Card is a physical document issued to NPS subscribers, containing their unique PRAN number and other relevant details. It serves as proof of registration in the NPS and provides key account information.
Differences Between PRAN (the Number) and PRAN Card
Many might think that PRAN (the number) is the same as PRAN (the card). Both have some differences, summarised as follows:
Aspect
| PRAN (Number)
| PRAN Card
|
Nature
| A unique 12-digit identifier.
| A physical document.
|
Functionality
| Used for tracking and managing NPS.
| Proof of account ownership.
|
Accessibility
| Available digitally.
| Delivered physically.
|
Why PRAN is Essential for NPS Subscribers
PRAN ensures a streamlined process for managing pension plans under the NPS. It acts as a gateway for accessing retirement savings and monitoring the performance of contributions.
How to Apply for PRAN?
There are multiple ways to apply for PRAN.
Applying for PRAN Offline
Step 1. Visit the nearest Point of Presence (POP)
Step 2. Fill out the NPS application for PRAN number form or you can opt for the Annexure S1 form available with the executive of PoP.
Step 3. Submit the required documents (PAN card or Aadhaar card) for KYC verification.
Submit the form, along with the documents, and make the payment.
Applying for PRAN Online
You can apply for a PRAN card online through two routes: using your PAN or Aadhaar.
Step 1. For PAN, visit the NSDL (National Securities Depository Limited) website, open the NPS page, register, choose your bank for KYC, fill up the form, upload your photo and signature, and make the payment.
Step 2. For Aadhaar, go to the same NPS page, select ;Register with Aadhaar Offline e-KYC’, and verify using the OTP sent to your Aadhaar-linked mobile number. Next, review the auto-fetched details, fill the remaining fields, upload your signature and optional photo. To complete the process, make the payment.
Note that there is no separate ‘PRAN website’. As the PRAN number is linked to your NPS account, all online processes related to your PRAN can be carried out on NSDL.
Required Documents for PRAN Application
Proof of Identity
- Aadhaar, PAN, Passport, or Driving License.
Proof of Address
- Utility bills, Voter ID, or Rent Agreement.
Proof of Date of Birth
- Birth Certificate or Class 10 Certificate.
NRI PRAN Application
NRIs can participate in NPS by acquiring a PRAN and contributing to retirement plans. Documents such as your passport and overseas address proof are essential for their application.
They can apply online or via PoPs.
Steps to Activate Your PRAN
You can follow these steps to activate your PRAN card:
Step 1. Go to the eNPS portal.
Step 2. Enter your PRAN number and the other details requested on the screen.
Step 3. You will receive an OTP on your registered mobile number or email. Enter it to access your account and receive your login credentials.
Step 4. Log in to view your NPS transactions, update bank details, or check card status.
Step 5. Open the Activation tab, enter the OTP again, and provide any remaining information.
Step 6. Click ‘Activate’ to complete the process and download your ePRAN.
Managing Your PRAN Account
Logging into the PRAN Portal
Apply using the PRAN number and password to access account details.
Resetting Password
Follow the password recovery process on the portal.
Checking PRAN Card Status
Track the application or card delivery status online.
Viewing PRAN Account Balance
Access real-time balance and contributions via the portal and use nps calculator if you want to estimate future growth.
How to Track the Application Status of PRAN?
Once you have applied for PRAN, you can check the application status the following way:
Step 1. Visit the NSDL website and open the NPS portal.
Step 2. On the homepage, select PRAN Application Status (Through Ack. No).
Step 3. You will be taken to a new page. Choose the Subscriber Registration Request Status option.
Step 4. Enter your acknowledgement number along with the captcha code.
Step 5. Click ‘Search’ to view the current status of your PRAN number application.
Reasons for Rejected PRAN Applications
- Incomplete documentation.
- Discrepancies in the details submitted.
- Mismatched identity or address proofs.
Tier I and Tier II Accounts
Knowing the difference between Tier I and Tier II accounts can help you understand the features and benefits that you may be able to avail of.
- Tier I: Mandatory and offers tax benefits for retirement.**
- Tier II: Voluntary savings without withdrawal restrictions.
How to Print the e-PRAN Card?
Log in to the PRAN portal. Download the e-PRAN for printing. You can either print this directly or download it to print it later at your convenience.
Benefits of PRAN Beyond NPS
- Facilitates structured savings.
- Ensures financial security post-retirement.
- Serves as a consolidated record for retirement planning.
FAQs
How do I find my PRAN number?
Check your NPS account or contact the CRA (Central Record-keeping Agency).
Why is PRAN important for NPS?
PRAN is essential for managing contributions and accessing benefits under NPS.
What is the 12-digit number of PRAN?
The PRAN is a unique 12-digit identifier for NPS subscribers.
Can I have multiple PRAN cards?
No, one subscriber is assigned only one PRAN.
How to contact PRAN Card Customer Care?
Reach out to the CRA’s official helpline for support.
How do I find out my PRAN user ID?
Your PRAN serves as your user ID for account access.
How to unlock a PRAN account?
Reset the password or contact customer care.
How do I retrieve a lost PRAN number?
Use the CRA portal’s recovery option or contact support.
Who is eligible for a PRAN number?
Indian citizens, including NRIs, aged 18–70, are eligible to apply.
** Tax exemptions are as per applicable tax laws from time to time.
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