Q9. Where can I buy the scheme?
In order to invest in NPS, you will have to open an account with any one of the 23 point of presence (PoP). The PFRDA has appointed mutual funds, financial distribution firms, insurers, banks as PoP.

Q10. What is the procedure?
1. Visit the nearest PoP to open the account
2. You will need residence proof, permanent account number, photograph and other essential documents.
3. Once you have opened the account, you will get a permanent retirement account number (PRAN) with internet banking access details.
4. You can then begin with your transactions and start investing money
5. You will receive physical account statement every year that will carry you transaction details, amount invested, etc.

The process is similar to opening a bank or a demat account.

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e-mail: Elda Christy

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