Which is the best bank to open an NPS account?

[Shivangi]

How NPS pension payouts are initiated. What are the steps involved? What documents are required to open an NPS account, and which bank is the best one?

[Reema]

NPS pension payouts at retirement involve withdrawing up to 60% as a lump sum, with the remaining 40% mandatorily used for an annuity.

For smaller corpus amounts (under ₹5 lakh), full withdrawal is permitted. Initiation can be done online via the CRA website or offline through a physical form.

To open an NPS account, you need to submit your PAN, Aadhar card, photo, bank details, and address proof.  SBI Bank, HDFC, and ICICI are the most reliable bank options.