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eNPS | Now, you can avail Aadhaar-based online KYC process to open NPS account

At present, the registration under e-NPS occurs either through aadhaar offline e-KYC or through PAN and bank account.

April 30, 2021 / 09:47 AM IST
At present, the registration under e-NPS occurs either through aadhaar offline e-KYC or through PAN and bank account.

At present, the registration under e-NPS occurs either through aadhaar offline e-KYC or through PAN and bank account.

Opening a National Pension System (NPS) account has become much easier now amid the coronavirus pandemic. In a press release, Pension Fund Regulatory and Development Authority (PFRDA) has allowed the Aadhaar-based online KYC process for onboarding of new subscribers under the NPS.

Currently, the registration under eNPS occurs either through Aadhaar offline e-KYC or through PAN and bank account.

The NSDLCRA has now enabled the Aadhaar based online e-KYC authentication functionality for NPS subscriber registration in the eNPS platform.

A unique digital experience with instantaneous generation of Permanent Retirement Account Number (PRAN) will be offered to subscribers with the online Aadhaar e-KYC and it will simplify the process of account opening.