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The Pension Fund Regulatory and Development Authority (PFRDA) will soon begin undertaking e-KYC services for National Pension System (NPS) and Atal Pension Yojana (APY) subscribers. The authority has received approval from the Department of Revenue.
Highlights
Any individual citizen of India can join NPS.
NPS can be opened only in individual capacity.
New Delhi: Bringing further cheer to millions of Pension subscribers, Pension Fund Regulatory and Development Authority (PFRDA) has said that it has received approval from the Department of Revenue for undertaking e-KYC services for NPS and APY subscribers.
National Pension System (NPS) and Atal Pension Yojana (APY) are the two flagship schemes of the PFRDA. NPS caters to the organised sector employees. APY is mainly targeted to meet the pension needs of those working in the unorganised sector.
The online e-KYC (Know Your Customer) will further simplify the process of account opening as it offers the subscribers a NPS digital journey, PFRDA said in a release.
PFRDA gets nod for undertaking e-KYC for National Pension Scheme subscribers
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Last Updated: Feb 02, 2021, 09:34 PM IST
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Synopsis
The online e-KYC (Know Your Customer) will further simplify the process of account opening as it offers the subscribers a NPS digital journey, PFRDA said in a release.
Agencies
The regulator has received the department s nod for e-KYC, it added.
NEW DELHI: Pension Fund Regulatory and Development Authority (PFRDA) on Tuesday said it has received approval from the Department of Revenue for undertaking e-KYC services for NPS and APY subscribers.
The online e-KYC (Know Your Customer) will further simplify the process of account opening as it offers the subscribers a NPS digital journey, PFRDA said in a release.