PNB Offers NPS Vatsalya Account Opening through PNB ONE

Towards the celebration of Children’s Day, Punjab National Bank (PNB), one of India’s leading public sector banks, has announced the availability of NPS Vatsalya services through its mobile banking app, PNB ONE. This new facility allows customers to conveniently open and contribute to both National Pension System (NPS) and NPS Vatsalya accounts online, simplifying financial planning for children and promoting long-term savings through a single digital platform.

This initiative reflects PNB’s commitment to driving financial inclusion and pension awareness, while enhancing the convenience of digital banking for its customers. By integrating NPS Vatsalya into its PNB ONE app, the bank empowers parents to secure their child’s financial future with ease and accessibility.

Speaking on the occasion, Sudhir Dalal, General Manager (Business Analytics & Retail Management), PNB, said, “This Children’s Day, we take a step forward in protecting every child’s right to a secure future. With NPS Vatsalya now available on PNB ONE, parents can digitally plan their children’s financial journey—fulfilling our vision of financial independence and inclusion for every generation.”

Through the PNB ONE mobile app, customers can open and manage NPS and NPS Vatsalya accounts by following these simple steps:

• Log in to the PNB ONE mobile app.

• Navigate to View All → NPS → Subscriber Registration.

• Select NPS Vatsalya (Minor) as the account type.

• Complete e-KYC using Aadhaar, CKYC, PAN, or DigiLocker.

• Upload the minor’s date of birth proof (Birth Certificate, School Certificate, or Passport).

• Make the initial contribution to activate the account.

• Upon successful payment and authentication, a Permanent Retirement Account Number (PRAN) is generated.

The NPS Vatsalya scheme, introduced by the Pension Fund Regulatory and Development Authority (PFRDA), allows parents or guardians to open NPS accounts in the name of their minor children. The scheme aims to promote early financial planning, encouraging long-term savings for a secure retirement corpus.

For more details, customers can visit pnb.bank.in or contact PNB’s toll-free numbers 1800-1800 or 1800-2021.