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Job Change? Your NPS Account Stays With You, Avoid Contribution Gaps!
M
Moneycontrol•29-09-2026, 11:30
Job Change? Your NPS Account Stays With You, Avoid Contribution Gaps!
- •Your National Pension System (NPS) account is portable, meaning your Permanent Retirement Account Number (PRAN) remains unchanged when you switch jobs, sectors, or locations.
- •You generally do not need to open a new NPS account when changing employers; simply provide your existing PRAN to your new employer to continue contributions.
- •The same portability applies when moving between private, government, or All Citizen Model sectors through the Inter Sector Shifting (ISS) process.
- •Avoid gaps in contributions during job transitions, as missed investments can significantly impact your retirement corpus due to lost market-linked returns.
- •Always keep your PRAN details handy and share them with your new employer to ensure seamless continuation of your NPS retirement plan.
Key Questions Answered
Your National Pension System account remains portable when employment changes, meaning you generally do not need to open a second account. The unique Permanent Retirement Account Number, or PRAN, stays unchanged, and your accumulated corpus remains linked to the same account when you shift employment or sector.
Yes, you can provide your existing PRAN to your new employer so that contributions can continue under the same account. Opening multiple NPS accounts is not permitted, so your existing pension account travels with you.
If your new employer does not offer NPS, you can continue your existing account under the All Citizen Model through a registered Point of Presence as outlined by the PFRDA.
