Want to change your NPS nominee? Here's how you can do it online

Central Record Keeping Agencies have been advised to introduce this feature in their system at the earliest

New Delhi: NPS subscribers, who want to change the nominee in their NPS account can now do it online, instead of submitting the nomination form physically. Through a recent circular, regulator PFRDA has allowed the e-sign based online facility to change nomination through the Subscribers’ login credentials. Currently, the existing subscribers of NPS, who wish to change their nomination in their Permanent Retirement Account Number (PRAN), are required to submit the S2 form (Request for change of Subscriber Master details) physically to the associated Nodal officers, corporates, or Points of Presence (POPs) for updation.

Central Record Keeping Agencies have been advised to introduce this feature in their system at the earliest.

The steps to be followed by the Subscriber for e Nomination is given below:

1. Subscribers have to access their respective CRA system with login credentials and select the option ‘Update Personal Details’ under the ‘Demographic changes’ menu.
2. On selection, the subscriber modification screen will appear with multiple options.
3. Subscriber is required to select the option ‘Add/Update Nominee details’ and then ‘Tier type’ for which nomination details have to be updated.
4. The subscriber is required to submit the details online such as the name of the nominee, relationship with the nominee, percentage share, etc. and save the details by clicking on the ‘Save’ menu.
5. Once the details are saved and confirmed, the subscriber is required to submit the ’One Time Password (OTP)’ received on Registered Mobile Number. On submission of OTP, subscriber is required to e-Sign to authenticate the changes by selecting option ’e-sign and download’.
6. The subscriber will be taken on to ’e signature service provider’s’ page for e-sign where he is required to enter Aadhaar/ Virtual ID and click on ’send OTP’. OTP will be received on the mobile number registered with UlDAl. Subscriber needs to submit OTP and click on ‘Verify OTP'.

The process of change of nomination is paperless. In case e-sign fails, the changes shall not be updated and the subscriber shall have to update the nomination through physical form as per the existing process.