NPS account opening becomes easier with OTP-based authentication. How to use it1 min read . Updated: 29 Jun 2020, 04:38 PM IST
- Opening a NPS account has become easier than ever with this new system
- PFRDA administers more than 3.60 crore subscribers under National Pension System
Opening a National Pension System (NPS) account has become easier than ever. The Pension Fund Regulatory and Development Authority (PFRDA) has announced that the subscribers can open their new NPS accounts through one-time password (OTP) based authentication process. To increase the outreach of the NPS, the pension regulator authority has adopted a slew of measures. The PFRDA has earlier allowed the customers to open an online NPS account through e-signature. It has also permitted Aadhaar-based offline paperless KYC process for the new customers while opening a NPS account. This process enables immediate activation of NPS account due to instant KYC verification.
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