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Online Subscriber Registration and contribution under NPS using eNPS platform

News and Press Release - Dated:- 18-2-2016 - Press Information Bureau Government of India Ministry of Finance 17-February-2016 19:42 IST In light of Prime Minister s Digital India campaign on promoting e-governance for providing last mile connectivity through extensive use of ICT (Information and Communications Technology) platforms, Pension Fund Regulatory and Development Authority (PFRDA) has been pursuing the development and operationalization of online transaction facilities for the prospect .....

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online platform to join NPS should not be deprived of this eNPS facility. As the identity and address for such account holders is established through e-KYC facility with the express consent of the subscriber through One Time Password (OTP) and as Aadhaar is a unique number, its use as a KYC document rules out the possibility of opening duplicate retirement (PRAN) accounts. PFRDA has accordingly revisited the issue and believes that enabling eAadhaar in addition to PAN and bank account based KYC .....

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now have the following options for opening of account: • Opening of account through any of the Points-of- Presence- Service Provider (POP-SP). • Opening of account online using PAN and net banking of the selected bank. In this case KYC verification is done by the Bank. The PRAN gets activated only after KYC verification by bank. • Opening of account online using Aadhaar No. and OTP received from UIDAI. In this case, the subscriber can instantly get their PRAN generated and can co .....

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