What are the benefits of Pran?
(PRAN) Permanent Retirement Account Number Tier I Account: This is a non-withdrawable account meant for retirement savings. Tier II Account: This is simply a voluntary savings facility. The subscriber is free to withdraw savings from this account whenever he wishes. No tax benefit is available on this account.
Who will give Pran number?
Both Central and State Government employee can apply for PRAN card, if they are registered with the Central Record Keeping Agency. An employee/subscriber can apply for PRAN by visiting the website of NSDL. The online application is available on the website.
What is Pran number example?
The PRAN or Permanent Retirement Account Number is a unique 12 digit number that identifies those individuals who have registered themselves under the National Pension Scheme (NPS). After allocation of PRAN, the NPS subscribers have an option of receiving a physical copy of their PRAN on a PRAN card.
What is EPS salary?
Employee’s Provident Fund (EPF) and Employee Pension Scheme (EPS) are framed under the Employee’s Provident Fund & Miscellaneous Provisions Act, 1952. The schemes are administered by the central board of trustees that consist of representatives of government (both central and state), employers and employees.
What is Pran and how does it work?
PRAN is an acronym for Permanent Retirement Account Number, which is the unique and portable number provided to each subscriber under National Pension Scheme (NPS) and remains with him throughout.
What is a Pran NPS number?
NPS subscribers get a 12-digit unique Permanent Retirement Account Number, which enables them to access their accounts from any location across India. There are two types of NPS accounts held under PRAN. They are: Tier-I: This account is meant for retirement savings and is non-withdrawable.
What is Pran (Permanent Retirement Account Number)?
PRAN, the Permanent Retirement Account Number was introduced in 2004, when the central government launched a national pension scheme. It was launched to encourage employees from the unorganized sector to build savings. Eligibility criteria for permanent retirement account numbers are simple, anyone who is between 18 years and 60 years, can apply.
How do I find out my Pran number?
Know your PRAN Number. Employees may find out their PRAN (Permanent Retirement Account Number) by entering details such as Name, Date of Joining or Date of Birth. Rate this.