The National Pension System’s (NPS) ‘Instant’ feature is now available on PhonePe and BHIM, allowing eligible users to open a pension account through a three-step digital process. This feature provides an easy way to start retirement savings through payment apps, reducing the effort required to register for a scheme. The Pension Fund Regulatory and Development Authority (PFRDA) announced the availability of this facility in a post dated October 6. The move makes it possible to open an NPS account on a widely used digital payment platform, making it easier for first-time investors to plan for retirement. However, before opening an account, users need to check the eligibility of their bank and understand the investment risks and withdrawal rules of the scheme.
Instant NPS: Now on BHIM and PhonePe
If you can pay with a single tap, you can also plan your retirement with a single tap.
Tatkal NPS is now available on BHIM and PhonePe. Just a few simple steps to open your NPS account: ✅ Open BHIM or PhonePe ✅ Enter your details and select your bank account ✅ Contribute instantly through UPI
A quick, digital start to a financially secure retirement, right from the apps you already use.
Start your NPS journey today. Your future self will thank you.
#PFRDA #NPS #TatkalNPS #NPSZaruriHai #NPSsanchay #PensionYatra #PensionAwareness #UPI #BHIM #PhonePe #NPCI #NBSL
— PFRDA (@PFRDAOfficial) October 6, 2026
How to open NPS account through PhonePe or BHIM
The PFRDA notification outlines a three-step process for opening an NPS account through ad supported payment apps. Users can access the NPS Tatkal facility, fill the required details and select the appropriate bank account and complete the initial contribution through UPI.
Once the details and payment are successfully verified, the subscriber can get a Permanent Retirement Account Number (PRAN), which acts as a unique identification number for the NPS account.
Before starting the process, users should check whether the NPS Tatkal option is available on their app and whether their bank is supported or not. Not every bank account linked to a payment app needs to be eligible for onboarding.
What is the minimum investment?
The minimum initial contribution for NPS Tatkal is Rs 250. Before making payment, users must verify the amount and applicable requirements as indicated during registration.
Opening an account through a payment app does not change the way NPS investments work. Contributions are invested in market-linked instruments and returns depend on the performance of the selected pension fund and the investment options chosen by the subscriber. NPS is designed for long-term retirement savings, so it is important for investors to assess their investment horizon and risk appetite before contributing.
NPS offers two main types of accounts. Tier I is a core retirement account, subject to certain withdrawal criteria. Tier II is an alternative investment account available to eligible Tier I subscribers and offers more withdrawal facilities.
Investors should also understand the difference between opening an account and then depositing money. The digital payment platform offers an easy way to transact, but account holders still have to follow NPS rules related to investment, withdrawal and exit from the scheme.
NPS provides another digital entry point for those who have not yet started saving for retirement. Before signing up, they should confirm the availability of the facility on the app of their choice, check the eligibility of the bank and understand the long-term terms of the plan.
