Change in NPS account opening rules: Jackpot benefits..!?

The entire process of eNPS is a paperless process. And it can be done very easily. The Pension Fund Regulatory and Development Authority PFRDA has made a major change in the rules for opening an NPS account. Now government Employees can also open their NPS account through eNPS. The entire process of eNPS is a paperless process. And it can be done very easily. Note that NPS is a Pension Scheme. It is run by PFRDA, a government organization. Both the government and private sector can invest in it.

What is eNPS?
eNPS is a wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital platform. Through this, central, and state government employees and employees of government-related organizations (Enps account for government employees) can open their NPS Account. government employees can open their eNPS account in two ways.

The first way - through Aadhaar online and offline KYC.

The second way - Through a PAN card along with other KYC documents.

What are the benefits of eNPS?

- PFRDA has mentioned many advantages of eNPS platform.

- Recruiting civil servants will now be easier than ever.

- Through this, verification can be done easily by the Nodal Officer.

- With eNPS, the work of the nodal officer becomes easier and the time required is less as it is paperless.

- It can be registered only through OTP.

- The cost of opening an NPS account will decrease due to digitization.

- Due to the online process, pran will be generated on time. Due to this, a timely contribution can be ensured. This will increase your chances of earning more income.

- Due to the online process, the chance of cancellation is also reduced.

- It will reduce logistics costs. In the case of paper forms, first, the forms are submitted by the NPS Subscriber to the Nodal Officer. After this, the nodal officer submits it to CRA-FC. But wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital saves time for these processes.
A few days ago there was a huge good news for NPS subscribers. Pension Fund Regulator PFRDA launched a new facility. PFRDA has allowed subscribers investing in NPS to invest through the Unified Payments Interface (UPI) QR code. PFRDA's statement said the move is aimed at simplifying the investment process. With this, the system will become even easier and better for investors opening NPS accounts. NPS has long been a reliable savings tool for people who want to secure their future. PFRDA said that this initiative of PFRDA gives NPS subscribers the necessary convenience and power to manage their pension savings and benefit from proper investment schemes.

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Sowmiya Sriram

06/01/2024 05:59 PM