Shift to eNPS – The Process and Benefits

In case if you have logged in to your NPS Portal recently you get an option about “Shift to eNPS”. In this post we explain about What is eNPS, the benefits of eNPS and process to shift to eNPS.

What is eNPS?

eNPS is NPS account which has been opened by subscribers using Aadhaar on CRA portal only i.e. account was opened online without visiting any of the POP-SP (Point of Presence – Service Providers). Since eNPS was not available earlier so most of accounts that were opened earlier were using POP-SP.

Also Read: NPS Tax Benefit u/s 80CCD(1), 80CCD(2) and 80CCD(1B)

Benefits of Switching to eNPS:

The short answer to what you should switch to eNPS is because it lowers your investment cost to NPS. Here is the detailed explanation.

PFRDA, the regulator for NPS had revised the charges for POP-SP in October 27, 2017. Below is the snapshot of the new charges.

POP Charges for NPS effective October 2017
POP Charges for NPS effective October 2017

Also Read: Should you Invest Rs 50,000 in NPS to Save Tax u/s 80CCD (1B)?

The upper half which has to be collected upfront has anyway already been paid by subscribers while opening the NPS account. But two additional charges are also paid as follows:

  1. Persistency Charge of Rs 50 per annum. This is new charge that has been introduced and would be paid to POP if the account is active and there has been minimum contribution of Rs 1,000.
  2. eNPS (for subsequent contributions) as Trail Commission – if you had used service of POP for opening account, then for every contribution you make, there is a charge of 0.10% of the contributed amount (Min charge is Rs 10 and max charge is Rs 10,000). So, if you make a Rs 50,000 investment you would be charged Rs 50 (0.10% * 50,000) and Rs 9 GST (@ 18%) – making it total of Rs 59. The screenshot below shows this.
Shift to eNPS to eliminate POP Trail Commission
Shift to eNPS to eliminate POP Trail Commission

Also Read: 5 Steps to Transfer EPF to NPS

Though the charges are not high but seems useless as NO further service is being provided by POP. Also, these charges may keep of revising as happened with the above notification where the subsequent contribution charges where revised from 0.05% to 0.10%. The Persistency charge is also new from 2017.

If you contribute Rs 50,000 in NPS in one go, then keeping your POP would cost you Rs 118. In case you do investment in multiple installments, the charges would go up.

Hence my advice is to shift to eNPS and save these unnecessary charges and uncertainty in these charges in future. This is like shifting to Direct Plan from Regular Plan in Mutual Funds.

I do not see any drawback of this switch, if you know of any please share.

How to Switch to eNPS?

Thankfully switching to eNPS is easy and can be done from the NPS Portal. We share the steps with screenshots below:

Step 1: Login to Your NPS Account

Step 2: Select “Shift to eNPS” from Menu

Shift to eNPS
Shift to eNPS

Step 3: Confirm the Details

Also Read: NPS – Maturity, Partial Withdrawal & Early Exit Rules

Shift to eNPS - Step 2
Shift to eNPS – Confirm the details

Step 4: Enter OTP that you get on your registered mobile number

Shift to eNPS - Step 3 - Enter OTP
Shift to eNPS – Step 3 – Enter OTP

Finally, you get the Acknowledgement

Also Read: How to Save Income Tax for Salaried and Professionals for FY 2018-19? 

Shift to eNPS - Acknowledgement
Shift to eNPS – Acknowledgement

I got the below email from [email protected] confirming the shift to eNPS was complete the same day.

email after Shift to eNPS is Complete
email after Shift to eNPS is Complete

To Conclude:

If you had used POP to open NPS, its good idea to Shift to eNPS. Given that it is easy to do with click of some buttons, you must do it and reduce your cost of investment.

46 thoughts on “Shift to eNPS – The Process and Benefits”

  1. Palyam Jagadeesh Narendra Prasad

    this is jagadeesh can any body tell me the procedure to change communication and permanent address associated with NPS

  2. I suggest, if you have already opened NPS Account through POP-SP, better to keep it for viewing the current value of your investment. However you can place contribution using NPS portal via eNPS. Makes sense?

      1. Corporate/Gov accounts (i:e accounts wherein corporate/Government are contributing) cannot be shifted to e-NPS. Only individual accounts can be shifted.

  3. Hello,

    This article helped me as I wanted to change it since long. Thank you for this.

    But after this switch, I see 2 problems now.

    1. My Tier-1 account status is showing as “suspended”.

    2. I am not able to contribute online anymore. It is saying that “user is not eligible for subsequent contribution”. While we are allowed to do as many as we want via online volunteer contribution.

    Is it some issue I should raise to NSDL?

    I got message saying within a day, my switch will be processed. But now stuck with above problem.

  4. Hi Amit,

    Unable to switch, showing error photo, signature not available in PRAN card. How can i switch to SBI pop to eNps??

    1. Hello,

      You should wait for a while. Your signature and photograph will be uploaded from the forms you have submitted. And you will be notified via email for this.

      Afterwards, you should be able to do so.

  5. Hi Amit,
    Even if I shift to eNPS, there are ‘Payment Gateway Charges’ to contribute online (which I think is the only to make contribution). These charges range from .6 to .9 % + 18% GST. So eventually, we end-up paying almost same amount as charges, isn’t it?

    1. Hi Omkar,
      Visit this website and click contribution tab.
      Fill your details
      Permanent Retirement Account Number (PRAN) *

      Date of Birth (DD/MM/YYYY)*

      NPS Subscriber Type * NPS CRA

      with captcha and go on for payment. here service charge is less…Try it.

  6. Hi
    Is there a possibility to set monthly ecs to contribute to my eNPS account.
    My POP Bajaj Capital is providing pathetic services and doesn’t seems to be interested in NPS scheme, so I shifted to eNPS but now I want to start automatic monthly credit to my NPS account from my bank.
    Is there an option to do this ?

  7. “Shift to eNPS” option is not coming in the website for me.
    can you please let me know what can be the reason for it.

    1. Corporate/Gov accounts (i:e accounts wherein corporate/Government are contributing) cannot be shifted to e-NPS. Only individual accounts can be shifted.

  8. I opened my account using ICICI as POP. I use a direct debit through my ICICI demat account to contribute a fixed sum to NPS on a monthly basis. Will this change/stop if I change to eNPS?

  9. Hello Sir,

    I’ve logged in to the NPS website, however, I am not getting the option “Switch to eNPS.” I am not sure why. Please let me know what to do.

    Good to know info: My employer has opened the NPS account for me and it is with SBI since 2015. Every month my employer makes contribution to it on my behalf .

    1. Corporate/Gov accounts (i:e accounts wherein corporate/Government are contributing) cannot be shifted to e-NPS. Only individual accounts can be shifted.

  10. After switching to enps where do we have to submit form s2 to make changes in bank account details?

    1. Login to NPS >> go to Grievance >> Log Grievance.
      you can esquire or place change request from the screen that you get.

  11. Can gujarat state gov employer also switch to eNPS?
    Will it affect to our contribution which was automatically deducted from our salary per month from pay center schools??

  12. Unable to find this option now. Can you check and let me know if this still works?
    These charges have been hideously charged all this time!

    Hopefully, you will have an option to save us from this extortion.

  13. Is it possible to shift only Tier 2 NPS account to eNPS?
    Contribution to Tier 1 is done by my employer, can I shift that too to eNPS?

    1. I’m in a situation similar to Raj. When I have a question related to NPS or Tier 1, I approach my POP and it gets promptly answered. So I guess I’ll stick with the POP.

      When I invest in NPS Tier 2 thru eNPS, say Rs 2K, I get charged additionally Rs 12 (which includes POP trail commission + Payment Gateway charge). Obviously, this POP trail commission for Tier 2 contribution is a needless amount I pay each time, for no service in return.

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