E-NPS Registration: FATCA Details and Requirements

When registering for the Electronic National Pension System (eNPS) in India, one crucial step is to fill out the Foreign Account Tax Compliance Act (FATCA) details. This article provides a comprehensive guide on what information you need to provide and the process to follow, ensuring compliance and a smooth registration experience.

FATCA Details in eNPS Registration

When filling out the FATCA details during the eNPS registration process, you will need to provide several pieces of information. These include:

Tax Residency

Indicate your country of tax residency. If you are a U.S. citizen or resident, you must disclose this. This step is important for tax compliance and reporting purposes.

Tax Identification Number (TIN)

If you are a tax resident of the United States or another country, you will need to provide your TIN. For U.S. citizens, this is typically your Social Security Number (SSN). However, in the Indian context, use your Permanent Account Number (PAN) Card Number for the TIN field.

Reason for Being a U.S. Person

If applicable, you may need to select a reason for being classified as a U.S. person, such as a U.S. citizen or green card holder. This step ensures accurate classification and appropriate reporting.

Declaration

You will likely need to declare whether you have any foreign tax obligations or if you are subject to FATCA reporting. This declaration helps in assessing your compliance with tax regulations.

Signature

Verify and confirm that the information provided is accurate. You may need to electronically sign or confirm the information before proceeding.

For the First 3 Columns:
Write INDIA.
For TIN, give your PAN Card Number.
Leave the expiry date blank.
After that, write your State/City and PIN.

Following this format, you will be good to go and complete the eNPS registration process with accuracy and compliance.

Mandatory FATCA Self-Certification for NPS Subscribers

NPS subscribers registered on or after July 1, 2014, are mandatorily required to submit FATCA self-certification. This can be done while registering for an NPS account online by submitting all the required details under the FATCA/CRS Declaration Tab.

You will need to mention your country of birth, citizenship, and residence for tax purposes. If all the fields indicate India, you can proceed with the signature as per the instructions. If any of the fields have a country other than India, you will need to provide additional details for your Taxpayer Identification Number (TIN) and submit supporting documents for proof.

In conclusion, ensuring accurate and complete FATCA details is crucial for a smooth eNPS registration process. By following these guidelines and seeking assistance from financial advisors if needed, you can successfully submit your FATCA self-certification and complete your NPS registration.

NSDL e-Governance Infrastructure Limited, Customer Relations for National Pension System