Open NPS in Minutes via BHIM: Are You Eligible?

BHIM app users can now open an NPS retirement account instantly using Tatkal NPS — no paperwork, no branch visit. Your existing bank KYC is enough to get started with as little as ₹500 a month.

Here's what happened: BHIM app has integrated Tatkal NPS, letting users open a National Pension System account instantly using their existing bank-verified KYC — no separate paperwork needed.. The facility is available to Indian citizens aged 18 to 70 who hold a bank account with completed KYC and are not already registered under NPS.. A minimum first contribution of ₹500 is required to activate the Tier I NPS account, making it accessible to salaried professionals and small business owners alike..

What you should do: Open your BHIM app today, navigate to the NPS or pension section, and check whether the Tatkal NPS option is visible under your profile — eligibility is tied to your linked bank's KYC status.. Contribute at least ₹1,000 in your first year to keep your Tier I NPS account active and avoid a ₹100 penalty for non-compliance with minimum annual contribution rules.. Claim your extra ₹50,000 tax deduction under Section 80CCD(1B) when filing your ITR — this is over and above the standard ₹1.5 lakh Section 80C limit and most salaried employees miss it entirely..

NPS Tier II accounts have zero lock-in — you can withdraw anytime. Use Tier II as a flexible savings bucket while Tier I builds your retirement corpus with tax benefits.