The Pension Fund Regulatory and Development Authority (PFRDA), on January 02, 2026, notified regarding the OTP based authentication for paperless onboarding.
The following has been stated namely:-
• In partial modification of Circular No PFRDA/2020/23/SUP-CRA/10 dated 15th June 2020, it has been decided that Applicants shall authenticate the submission of the online NPS registration form through e-sign or through an OTP received on their mobile number. The consent and mandatory declarations applicable for opening of NPS account shall be specifically obtained from the applicant at the end of such online journey through the said e-Sign or mobile OTP authentication.
• Central Recordkeeping Agencies (CRAs) and Points of Presence (POPs) are advised to align their systems and subscriber onboarding journeys in accordance with the above.
[Circular No: PFRDA/2026/01/SUP-CRA/01]
