Categories: BusinessNews

NPS Account Update: Aadhaar update will be necessary in NPS account also

NPS Account Update: If you also join the National Pension Scheme (National Pension System) then this news is very useful for you. Now, to ensure that no one can break into your NPS, the authentication process of the institute has been made more stringent. Aadhaar verification will be necessary to login to the Central Record Keeping System (CRA System) of NPS. Pension Fund Regulatory and Development Authority (PFRDA)Pension Fund Regulatory and Development AuthorityThe new security features are going to be implemented by ) from April 2024. Currently anyone can login to the CRA system with a normal password.

Read Also: 2G service going to be closed in India? Know what special thing the Telecom Department told

The purpose of the amendment is to prevent fraud

An official statement issued by the Pension Fund Regulatory and Development Authority said that the purpose of amendment in Trustee Bank Regulation is to improve the provisions related to implementation of anti-fraud policy, compensation to the customer, inviting applications for new registration and handing over of registration certificate. To simplify and strengthen. It said that the amendment to the regulation related to the Central Recordkeeping Agency (CRA) simplifies and strengthens the provisions related to the operation of the CRA in line with the Companies Act, 2013. It also increases disclosure of information for the agency. Both the amendments were made earlier this month. This is in line with the announcement made in the Union Budget 2023-24 to review the rules to reduce the cost of compliance and increase ease of doing business.

How to login

After the Pension Fund Regulatory and Development Authority (PFRDA) amended the rules related to Trustee Bank and Central Recordkeeping Agency, the method of login will change. Now login can be done only after two-factor authentication process. The regulator of the pension fund has also issued a circular regarding this. The institute has said that this will create a secure eco system for the work related to NPS in government offices and autonomous bodies.

Mayank

Recent Posts

Mukesh Ambani is going to bring cheap electric scooter like Jio

Mukesh Ambani Electric Scooter: India's veteran industrialist and Chairman of Reliance Industries Mukesh Ambani, after…

12 mins ago

Road Accident in Odisha: Major road accident in Odisha, bus fell from overbridge, 5 passengers died

A bus became a victim of a road accident on Monday night in Jajpur district…

12 mins ago

Share Market: Domestic market suffers due to Iran-Israel tension

Share Market Opening: Due to weak signals from the global market and Iran-Israel tension, selling…

14 mins ago

Lok Sabha Election 2024: There is possibility of triangular conflict in Nawada.

Kailashpati Mishra returning from Nawada Lok Sabha Election 2024 Nawada, the birthplace of Shribabu and…

18 mins ago

Election temperature of Purnia will rise further due to PM Modi’s rally, know why this seat of Seemanchal is in the headlines..

PM Narendra Modi is coming to Bihar on Tuesday in connection with the campaign for…

26 mins ago

WB Board Exams Result 2024: West Bengal Board Exam result to be released very soon

WB Board Exams Result 2024: West Bengal Board 10th (Secondary) and 12th exam results are…

31 mins ago