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NPS rule change: New subscribers don t need to submit physical application for PRAN activation

Updated Jan 13, 2021 | 06:25 IST The pension fund regulator has now made it easier for Points of Presence (POPs) and Central Record Keeping Agencies (CRAs) to onboard new subscribers through the paper-less digital means. Representational image  New Delhi: Pension fund regulator PFRDA has taken a slew of measures to facilitate new subscribers onboarding into NPS. The pension fund regulator has now made it easier for Points of Presence (POPs) and Central Record Keeping Agencies (CRAs) to onboard new subscribers through the paper-less digital means. As per its new instructions, NPS accounts opened digitally in CRA platform including eNPS, the soft copies of NPS subscribers’ applications will continue to be generated by CRAs but the subscribers will no loger have to submit the physical application form to the respective CRAs. Subscribers will have options for authentication either through e-Sign or through OTP before the creation of Permanent Retirement

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