Monday, June 29, 2020

PFRDA introduces OTP based authentication for paperless NPS on boarding

Pension Fund Regulatory and Development Authority (PFRDA) is mandated to promote old age income security i.e. pension in India and to protect the interests of subscribers of pension systems and schemes. As part of its developmental mandate and to increase the outreach of National Pension System (NPS), PFRDA has taken series of steps to ensure ease of NPS on boarding through various convenient modes. 

In its endeavor to provide digital solutions, PFRDA has already enabled opening of online NPS Account in a paperless manner through e- signature. In order to further facilitate ease of NPS Account opening, the subscribers are now permitted to open their NPS account through One Time Password (OTP) also.
In this process, the customers of banks (registered as POPs- Points of Presence), who wish to open NPS Account through internet banking of the respective banks, can open    NPS Accounts using OTP received on their registered mobile number.  
However, for opening of NPS Accounts through non internet banking digital mode, through POPs (Banks as well as Non - Bank POPs), OTP received on their registered mobile number and email can be used for paperless NPS Account opening.
Post completion of KYC, POPs have to submit the NPS Subscriber's data/information to Central Record Keeping Agencies (CRAs) along with his photo and image of signature with an undertaking that the KYC/AML guidelines/rules have been duly complied with.
POPs and CRAs have been advised by PFRDA to provide the required functionality of OTP based authentication. This process would ensure seamless account opening, end to end digitization and optimizing of investment returns by deposit of contributions in a faster way.

PFRDA administers more than 3.60 crore subscribers under National Pension System with an aggregate Asset under Management (AUM) of more than Rs. 4.55 lac crore. Out of total subscribers, 2.25 crore subscribers are under Atal Pension Yojana (APY). 

2 comments:

Michael said...


I am very happy to share this little awesome testimony about Dr Okosun a great herbal doctor who help me enlarge my penis size.3.2 cm to 8.3 cm longer with his herbal mixture, my girlfriend is now so amazed with the autonomous size of my penis , if you you are also in need of help on how to enlarge your penis to become bigger and stronger I advice you to contact Dr Okosun on his email (drokosun12@gmail.com )or contact him on whatsapp number +2348136785562, if your penis is 4.2 cm and want to get it reach 9.2 cm within two weeks i recommend Dr Okosun just feel like promoting his Good work, Give him a try and thank me later.

Robert Earl said...

๐Ÿ“ARE YOU ABSOLUTELY IN NEED OF THE SERVICES OF A PROFESSIONAL HACKER?(CATCHING A CHEATING SPOUSE[Phone Hack], RECOVERY OF LOST FUNDS, CREDIT SCORE UPGRADE, WEBSITE HACK...)
High prolific information and Priviledges comes rare as i would be sharing with you magnificent insight you wish you heard years before now. As it's been understood that what people don't see, they will never know.
When you wonder “which hacking company should I hire, the first aspect that should concern you is quality. Clearly, you want to embark for services that povides swift response, Thanks to our talented and Astonish Hackers , you are rest assured that your expectations will always be met. You’ll be glad to find out that our services Implies precisions and actions.
This post is definitely for those who are willing to turn their lives around for the better, either financial-wise, relationship-wise or businesses.
Welcome to the Global KOS hacking agency where every request on hacking related issues are met within a short period of time.
If your shoe fits in any of the required services below, you will be assigned to a designated professional hacker who is systematically known for operating on a dark web V-link protocol.
The manual Operation of this hackers is to potentially deploy a distinguished hacking techniques to penetrating computers and various type of database system to meet your request.
Penetration of computing systems are achieved using core software tools like Ransomeware, SQL/Keylogger injection. botnet, trojan and DDOS attacks.
Providing value added services to clients as a hacker has been our sustaining goal.
Are you faced with cyber challenges like
๐Ÿ’ฐRecovery of lost funds:✅It saddens our mind when client expresses annoyance or dissatisfaction of unethical behaviours of scammers. We have striven to make tenacious efforts to help those who are victims of this flees get off their traumatic feeling of loss. The cyber security technique used to retrieving back the victims stolen funds is the application of a diverse intercall XX breacher software enables you track the data location of a scammer. Extracting every informations on the con database, every requested information required by the Global KOS would be used to tracking every transaction, time and location of the scammer using this systematic courier tracking base method.
๐Ÿ“ฒ Hacking into the mobile phone of a cheating spouse.✅ This type of hack helps you track every movement of your cheater as we are bent on helping you gain full remote access into the cheater's mobile phone using a Trojan breach cracking system to penetrate their social media platforms like Facebook, whatsapp, snapchat etc. This spy processing is used via an HDSI folder which synchronizes the target mobile operating system into a clone S-Drive unit.
๐Ÿ’ณCredit Score Upgrade:✅Due to our transformed changes on Equifax tracking , upgrading of credit score are backed by our cyber tech breaching licence, This hacking process drastically generates you an undestructive higher credit score which correlates to a higher level of creditworthiness. The time frame for upgrading a credit score requires eighteen(18) hours
๐Ÿ…ฑ️ BITCOIN GENERATOR:✅ (Higher job profile). This involves using the ANTPOOL Sysytem drifting a specialized hardware and software implementing tool in slot even-algorithms to incentivize more coins into your wallet which in turn generates more coins exponentially like a dream at specified intervals.
The company is large enough to provide comprehensive range of services such as.
• Email hacks๐Ÿ“ฒ
• Hacking of websites.๐Ÿ“ฒ
• Uber free payment hacks.๐Ÿ“ฒ
• website hack.๐Ÿ“ฒ
Our strength is based on the ability to help you fix cyber problems by bringing together active cyber hacking professionals in the GlobalkOS to work with.
Contact:
✉️Email: clarksoncoleman(at)gmail • com.
Theglobalkos(at)gmail •com.
©Global KOS™
2030.•√