NPS New Rule: The method of login to NPS account will change from April 1, know what is the new process

The process of logging into the National Pension Scheme account is going to change from April 1. To login to the account from April 1, NPS members will have to do two-factor authentication. Users will have to confirm OTP adopted by Aadhaar verification adopted by password. Talking about the present system, members can login solely with password.

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The process of logging into the National Pension Scheme account is going to change from subsequent month. After this new change, NPS members will have to do two-factor authentication to login. To login, they will have to login by means of cell OTP after Aadhaar verification. The new process will come into impact from April 1.

The Pension Fund Regulatory and Development Authority (PFRDA) had made two-factor authentication necessary for login a number of days in the past. He says that with this, NPS members will find a way to make their accounts safer. The NPS account is at the moment operated by the Central Record Keeping Agency (CRA).

How will two-factor authentication work?

• PFRDA has already made it clear that the login ID of the APS member will be linked to Aadhaar. In such a state of affairs, members will have to enter OTP to login to the account. It is anticipated that this will enhance the safety of NPS account.
• To login to the NPS account, first the members have to enter the login ID and password. After this, after Aadhaar authentication, the password obtained in the linked cell quantity will have to be entered. If even a single step is not accomplished, the account will not be logged in.
• The member will get 5 probabilities to login, if the password is incorrect 5 occasions, the account will be locked. Once the account is logged in, members will have to create a new password. For this, members will have to request for IPIN.

Currently login is carried out solely by means of ID-password

Currently, NPS members can login to their account solely with consumer ID and password. By logging into the account, they’ll make any type of change and even withdraw cash from the account.

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