80 ccd (1b)

Yes, he is correct. (NPS is National Pension System)

PRAN is an acronym for Permanent Retirement Account Number, which is the unique and portable number provided to each subscriber under NPS and remains with him throughout. An individual is permitted to have only one PRAN which is portable across jobs/employments and locations.

If a subscriber possesses more than one PRAN by any chance, the concerned Nodal office can deactivate the duplicate PRAN by initiating a request with CRA.

If the Subscriber is an existing PRAN Card holder, he/she can invest additionally in Tier I and even activate the Tier II account by approaching the nearest POP -SP. He/she can submit a duly filled Form UOS-S10 along with copy of PRAN Card, PAN Card, cancelled cheque and initial contribution of 1000/-.