What is NPS?
The National Pension System is a retirement savings scheme by the Indian government. It helps you build a pension fund during your working years. You can invest in two types of accounts:
- Tier I – Mandatory retirement account (tax benefits)
- Tier II – Voluntary savings account (no tax benefit)
Why SIP in NPS?
SIP means investing a fixed amount regularly every month. It helps you stay disciplined and grow your savings slowly without pressure.
Steps to Start NPS SIP through CAMS:
Step 1: Make Sure You Have a PRAN
You must have a PRAN (Permanent Retirement Account Number). If you don’t have one, you can open an NPS account online through NSDL or KFintech.
Step 2: Visit CAMS NPS Website
Go to: https://nps.camsonline.com
This is the official portal where you can manage your NPS account and set up SIP.
Step 3: Register/Login
- Click on Login/Register
- Enter your PRAN number
- You’ll receive an OTP on your registered mobile/email
- Set your password and login
Step 4: Set Up Your SIP
- Go to SIP Registration
- Choose:
- Tier I or Tier II
- Your preferred pension fund manager
- Investment option: Auto or Active choice
- SIP amount (minimum ₹500)
- SIP date (e.g., 5th of every month)
Step 5: Authorize Auto Debit (e-NACH)
- Enter your bank details
- Set up e-NACH using net banking or debit card
- Approve the auto-debit request
- That’s it! Your SIP will start in a few days
Starting an NPS SIP through CAMS is easy and fully online. It helps you invest for retirement in a stress-free way. Even small amounts invested monthly can grow into a big pension over time.
NOTE:
- You can stop or change SIP anytime from the CAMS portal
- You will receive email confirmation for every SIP transaction
- For tax benefit, invest in Tier I (up to ₹50,000 extra under section 80CCD(1B))
