PNB Bank NPS Account opening Form Download

Based on the provided National Pension System (NPS) Subscriber Registration Form, here are the key points for opening an account through Punjab National Bank (acting as a POP-SP) (Subscriber… pp. 1, 5):

• Target Audience: Applicable only to Resident Indians (Subscriber… p. 6). Foreign Nationals, OCIs, and PIOs are strictly barred from opening a Permanent Retirement Account Number (PRAN) (Subscriber… p. 6).
• Mandatory Identifiers: Aadhaar and Permanent Account Number (PAN) are mandatory (Subscriber… p. 1). If you do not possess them at registration, they must be submitted within six months (Subscriber… p. 1).
• Form Constraints: The application must be filled in English using BLOCK LETTERS and black ink (Subscriber… p. 1). Forms printed back-to-back or left with blank mandatory fields face rejection (Subscriber… p. 6).
• Photograph Rules: A recent colour passport-size photo (3.5 cm × 2.5 cm) must be affixed without stapling or clipping (Subscriber… pp. 1, 6). The subscriber must not sign across the photo (Subscriber… p. 6).

• Sector Models: Subscriptions are divided by categories, including Central/State Government, Corporate Sector, All Citizen Model, and NPS Lite (Subscriber… p. 1).
• Investment Choices:
  • Active Choice: Allows you to manually distribute assets across Equity (Class E, capped at 50%), Corporate Debt (Class C), Government Bonds (Class G), and Alternative Investments (Class A, capped at 5%) to total exactly 100% (Subscriber… p. 2).
  • Auto Choice: Funds are systematically managed based on age-targeted Life Cycle (LC) risk profiles: LC 75 (Aggressive), LC 50 (Moderate/Default), or LC 25 (Conservative) (Subscriber… p. 2).
• Government Restriction: Government sector subscribers are currently not allowed to choose their investment mix manually; their funds route into default government PFs (LIC, SBI, or UTI) (Subscriber… pp. 2, 6).

• Tier-I vs Tier-II: Tier-I account setup makes bank detail entry optional (unless supported by a cancelled cheque) (Subscriber… p. 6). Activating a voluntary Tier-II account makes full bank details mandatory (Subscriber… pp. 2, 6).
• Bank Exclusions: The linked PNB savings account must be fully operative and cannot be a “Basic Savings Bank Deposit Account” (Subscriber… p. 5).
• Direct Verification: PNB (as your POP-SP) will verify your physical Aadhaar card and certify that your pre-existing bank KYC fully matches the requirements for the NPS account (Subscriber… p. 5).

• Nomination Rules: You can appoint up to 3 nominees (Subscriber… p. 2). The allocation percentages assigned to them must be whole integers (no decimals/fractions allowed) and must sum up to exactly 100% (Subscriber… p. 6).
• FATCA Compliance: A mandatory Foreign Account Tax Compliance Act section must be filled out to declare if you are a US tax person or hold tax residency in any country outside India (Subscriber… p. 3).
• Physical Signatures: Signatures or thumb impressions must fit strictly within the designated box (Subscriber… pp. 3, 6). Males must provide their Left Thumb Impression (LTI) and females their Right Thumb Impression (RTI), which must be officially attested by the bank officer (Subscriber… pp. 3, 6).

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