NPS New Rule 2024 : Now Aadhaar 2 factor verification will be mandatory in NPS account! Know when the new rules will come into effect

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NPS New Rule 2024: If you might be an account holder of ‘National Pension System’ then there may be essential information for you. Pension fund regulator PFRDA has determined to make modifications in the present login strategy of the National Pension System (NPS). These new rules will come into effect from 1 April 2024 i.e. subsequent month.

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Two-factor Aadhaar authentication applied

Pension Fund Regulatory and Development Authority (PFRDA) had knowledgeable that it will improve its safety features. Now two-factor authentication will be required to login to the NPS account. To login into the Central Record Keeping Agency (CRS) system, login can be finished after two-factor authentication course of. The regulator of the pension fund has additionally issued a round relating to this.

Aadhaar based mostly verification is important

PFRDA has issued a round on this matter informing that now further safety features will be added to login to the CRA system. This rule will come into effect from April 1, 2024. After this, NPS account holders will be despatched OTP together with person ID and password on the cellular quantity linked to Aadhaar.

Now customers will be capable of login to their CRA system solely after getting into this OTP. PFRDA has mentioned in its issued round that logging into CRA will be safer with Aadhaar-based login authentication.

At current that is the system

At current, NPS account holders want solely NPS ID and password to login to the CRA system. In such a state of affairs, after including the safety characteristic of Aadhaar based mostly verification, customers will need to enter the ID password in addition to Aadhaar based mostly authentication i.e. OTP obtained on the cellular quantity linked to Aadhaar.

In this manner you will now be capable of login to your NPS account.

• For this, initially go to the official web site of NPS
• .
• Next click on on Login with PRAIN/IPIN.
• After this a new window will open in entrance of you.
• Next enter your NPS ID and password.
• Enter the captcha given beneath.
• After this, OTP will be despatched to the cellular quantity linked to your Aadhaar to finish the Aadhaar authentication course of.
• Enter it right here.
• You will be capable of open your NPS account.

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