The Pension Fund Regulatory and Development Authority (PFRDA) on November 12, 2020 has issued a proposal on Option for Government Employees to join NPS through e-NPS. PFRDA is exploring the possibility to enable e-NPS platform as an additional option to Government Sector employees to facilitate their online on-boarding under NPS. Accordingly, the employees of Government Sector will have an option to register under NPS through e-NPS. Further and existing Subscriber of other sectors, on entering into the Government sector, shall have option to shift to the Government sector through e-NPS.
The e-NPS is the online NPS on boarding portal wherein a Subscriber can register and contribute online into NPS. Through e-NPS a Subscriber can register under NPS, generate a Permanent Retirement Account Number (PRAN). The prospective NPS Subscribers under private sector can register in e-NPS either through Aadhar Offline e-KYC or through PAN and bank account.
The proposed Mode of e-NPS based registration will bring the following benefits:-
• Ease of on-boarding and online verification/authorization
• Paperless process of enrolment
• Easing the work of Nodal Officers from manual process
• Optimizing the cost of Acct opening by end to end digitalization
• ISS can also be carried seamlessly
PFRDA invites comments, suggestions, feedback from all the Government nodal officers on the proposal and it can be mailed to [email protected] before December 15, 2020.
[Circular No.: PFRDA/2020/49/SUP/CRA/20]
