Masters India

PRAN - Permanent Retirement Account Number

Prakash Matre
Prakash Matre at March 20, 2023

PRAN Details

NPS (National Pension Scheme) was introduced by the government with the motive to encourage savings amongst the citizens so that when they retire they get a fixed amount of money regularly. Howsoever, for the NPS holder, it is compulsory to have PRAN (Permanent Retirement Account Number) which is the PRAN no full form, so that they could see the saved amount in their Permanent Retirement Account (PRA).

In this article we'll explain topics like PRA number, PRAN full form, how many digits in PRAN number, PRAN holder means, know your PRAN number and much more

What is PRAN Number

1. Permanent Retirement Account Number – PRAN

PRAN or Permanent Retirement Account Number is a 12 digit number that is allotted to every subscriber so that they can access their PRA (Permanent Retirement Account) anywhere across India it is PRAN number example. 

2. Account Types Under PRAN

When we talk about PRAN, there are two tiers. Let us understand these tiers in brief down below:

  • Tier I Account

It is that type of PRAN account from which the subscriber cannot withdraw the money. This means it is meant only for retirement savings. 

  • Tier II Account

This tier of PRAN is voluntary, in other words, the subscriber can withdraw the saved account from their account whenever they need. However, the subscriber cannot take the tax benefit on such account.

3. Applying for PRAN

If a person wants to apply for PRAN then the application shall be made on the National Securities Depository Limited (NSDL). Moreover, the subscriber has to submit the filed documents to the Point of Presence – Service Providers (POP-SP). Here is the list of POP-SP:

  • Individuals

The individual who wants to apply for Tier-I and Tier-II account shall submit a duly filled form together with KYC documents. In a case if an exiting Tier-I subscriber wants to open a Tier II account, then, in this case, the subscriber has to file Tier I PRAN card together with the Tier II activation form.

  • Corporates

Any corporates who want to apply for PRAN has to file CS-S1 Form that needs to be submitted to the corporate office. At the time of applying for registration the minimum contribution needed by a subscriber for Tier I account is Rs 500 and for Tier II is Rs 1,000.


4. Documents Required to Apply for PRAN

The PRAN application form shall be filled completely along with the following documents:

  1. Photograph of the applicant,
  2. Scheme preference details (Tier-I or Tier-II),
  3. Documents for KYC such as identity proof and address proof

5. PRAN Notifications

The subscriber gets notified through e-mail or SMS on the registered mail ID and phone number after he files the PRAN registration form. Only the last four digits of PRAN are disclosed in the mail or message considering the security of the person.

6. Check Status of PRAN Application

The Permanent Retirement Account Number is a printed card that is generally discharged within twenty days from the receipt date of the duly filled registration form. 

It shall be noted that the POP-SP provides a 17 digit acknowledgment number to the prospective subscriber after filing the application form. And the applicant has to use this acknowledged number to check the status for their PRAN application either online or the Nodal officer.


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