The National Pension System (NPS) is one of the most flexible retirement tools. Whether you switch jobs or relocate overseas, your NPS account remains intact because of the unique Permanent Retirement Account Number (PRAN).

Here’s a guide on what changes—and what doesn’t—during these life transitions.

Job switch: Your PRAN travels with you

When an individual switches jobs, even then his NPS account stays active and fully portable. “Since the PRAN is unique and stays valid for life, one doesn’t need to open a new account,” said Ajay Kumar Yadav, CFP, Group CEO & CIO, Wise Finserv, a diversified financial services company.

You can continue contributions to the same Tier-I and Tier-II accounts. If the new employer offers NPS under the corporate model, simply link your existing PRAN. Other

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