Online Subscriber Registrations & Contributions Under NPS Utilizing eNPS Platform
Taking into consideration the campaign of “Digital India” of Prime Minister Modi on supporting e-governance to provide last-mile connectivity by broad utilization of the ICT platforms (Information & Communications Technology), PFRDA (Pension Fund Regulatory and Development Authority) has been practicing the development as well as execution of the facilities of online transaction for the potential and existing NPS subscribers.
Portal of eNPS
PFRDA has launched online portal of eNPS whereby PAN as well as and savings bank accounts of fresh customers to NPS who’re already banks’ customers are recognized as KYC along with active contribution of all the banks performing as POPs to open accounts under the NPS.
PFRDA has gotten opinions from forthcoming subscribers and different partners that the individuals who intentionally look to utilize Aadhaar as the archive of personality for profit of the online platform of eNPS to join with the NPS ought not be denied of this facility of eNPS.
As the address and identity for such holders of account is built up by the facility of e-KYC with the express assent of the endorser through OTP One-Time-Password moreover as Aadhaar is a one of a kind number, its utilization as the KYC document rejects the likelihood of opening second copy of retirement accounts (PRAN). PFRDA has likewise returned to the issue and trusts that empowering eAadhaar notwithstanding PAN as well as KYC based on the bank account for the platform of eNPS can lessen the time and expense of operation and guarantee more extensive scope to the natives of India under the old-age wage security plans and therefore help in satisfying the authorization provided to it under the procurements of PFRDA Act-2013.
Usefulness of eNPS
PFRDA has appropriately changed the usefulness of eNPS to acknowledge PAN as well as ledger or eAadhaar as the KYC report for online enrollment of supporters under NPS. With the execution of this altered platform of eNPS, the endorser will at present have the accompanying choices for to open an account:
|Sl. No.||Choices of Opening Account|
|1.||Account opening through any of POP-SP.|
|2.||Account opening online utilizing net banking and PAN on any chosen bank. For this situation, banks check KYC by itself. The PRAN will be activated after the check of KYC is done by the bank.|
|3.||Utilizing Aadhaar number as well as OTP got from UIDAI one can open account online. In this instance, the subscriber is able to get his/her PRAN created immediately and is able to contribute on NPS.|
The platform of eNPS utilizing Aadhaar based verification of KYC is among the choices for any imminent endorser to join NPS as well as it is discretionary and simply intentional with respect to the probable subscriber. To enroll under NPS by eNPS utilizing Aadhaar, the probable subscriber is required to possess Aadhaar Card along with verified mobile number enlisted with Aadhaar.
With the verification of KYC using Adhar, the subscriber can open account of NPS online. The potential subscriber will need to take after the following process to open NPS account:
|Sl. No.||Processes to keep in mind while opening account|
|1.||The the potential subscriber will go to the platform of eNPS facilitated on the website of NPS Trust www.npstrust.org.in furthermore enter Aadhaar as well as accept the same utilizing OTP (Sent to the cellphone number enlisted with Aadhaar).|
|2.||Then he/she would be needed to top off the obligatory points of interest such as Pension Fund Choice, Nominations and Investment Scheme and so forth.|
|3.||Address & DOB details would be filled from the details accessible with Aadhaar.|
|4.||He/she will be needed to provide a cellphone number as well as email ID (compulsory).|
|5.||He/she will be needed to scan as well upload digital signature. Subscribers might likewise upload a photo, in the event that he/she wants to supplant the photograph acquired from Aadhaar, if the photograph of Aadhaar is obscured or cloudy.|
|6.||He/she will be needed to make installment online (Minimum Rs 500).|
|7.||After fulfillment of this procedure, the PRAN would be produced quickly.|
Subscribers would be needed to print out the form, signing the form, affix photo and present the physical CRA in of a predefined timeframe while keeping contributing online. A subscriber is able to visit the NPS site www.npstrust.org.in then select the menu for enlisting as well as contributing on NPS. The complete data about the eNPS is accessible on the website of PFRDA www.pfrda.org.in furthermore on the website of NPS.
Through this office, it is normal that the subscribers will have different preferences such as consistent on boarding knowledge where he/she is not require to visit a PoP and can enroll from anyplace through WWW, contribution with least cost of exchange and decrease in errors coming about from different manual exercises.