Opening of National Pension System (NPS) account for central government staff and state government staff such as staff of Autonomous Bodies could quickly be mandatory by way of ‘eNPS-Government’ – a paperless account opening of NPS. PFRDA proposes to make the eNPS mandatory for Government staff by 1st April 2022. Central Record Keeping Agencies(CRAs) would be rolling out the feature ‘e NPS for Government’ shortly.
PFRDA has sought comments from the Government nodal offices on the new digital initiative of delivering the selection to the staff of Government Sector to register beneath NPS by way of ‘eNPS-Government’.
The proposed digital platform shall also allow Inter Sector Shifting (ISS) of current Subscribers of other sectors to seamlessly transfer their NPS account into Government Sector.
E NPS registration modes
The staff of Government Sector (Central/State Government such as Autonomous Bodies) would be offered with the selection to digitally register themselves beneath the respective Government Sector by the following modes:
1. Through Aadhaar Online/Offline e-KYC – Under this selection, the Subscriber will have the facility to register utilizing Aadhaar based KYC.
2. Through Permanent Account Number (PAN) – Under this selection, the Subscriber is essential to provide valid PAN and upload the relevant KYC documents.
What is eNPS
eNPS is the on the internet platform hosted by NSDL-CRA on behalf of NPS Trust wherein a Subscriber can register and contribute on the internet beneath NPS. At present, beneath eNPS, the facility of on the internet registration is accessible to All Citizens of India Sector and Corporate Sector Subscribers. Whereas, the on the internet contribution and Tier II Account activation facility is accessible to all the registered Subscribers such as Government Sector Subscribers obtaining active PRAN beneath NPS.
Under e NPS, the Government staff (who are covered beneath NPS) will have the facility to register on the internet in NPS and produce Permanent Retirement Account Number (PRAN) by way of eNPS. The method of registration by way of eNPS will be a paperless method wherein the Subscriber will submit the registration request by way of digital signature.