NPS New Rule: Investing in NPS should be extra protected, PFRDA goes to make this transformation from April 1 – India TV Hindi

NPS New Rule: To make funding in NPS protected, now and again the Pension Fund Regulatory and Improvement Authority (PFRDA) modifications the foundations for contribution to the Nationwide Pension System, in order that traders’ cash stays protected. On this sequence, two-factor Aadhaar authentication has been accepted by PFRDA. It is going to be carried out from April 1, 2024.

What’s two-factor Aadhaar authentication?

Beneath two-factor Aadhaar authentication, Aadhaar OTP will probably be used together with the password whereas logging into the NPS account via the CRA system. With this, the safety of the NPS account will enhance considerably in comparison with earlier than and the danger of fraud may also cut back.

Advantages of two-factor Aadhaar authentication?

The aim of linking the OTP based mostly authentication system of Aadhaar with the CRA system of NPS is to make the login system stronger than earlier than. The introduction of two-factor Aadhaar authentication will fully forestall unauthorized login via the CRA system. PFRDA mentioned it will shield the pursuits of subscribers and all stakeholders.

How can it’s used?

• For this, to start with you need to go to the NPS web site.
• For this you’ll have to go to ‘Login with PRAIN/IPIN’.
• It’s a must to go to the ‘PRAIN/IPIN’ tab. Now a brand new window will open.
• Enter Person ID and Password right here.
• After this enter the captcha.
• You will notice the choice of Aadhaar authentication. Carry out authentication by coming into the Aadhaar quantity right here.
• Now you may entry your NPS account.

NPS account will probably be locked

When you log into your NPS account utilizing a fallacious password and enter the fallacious password 5 consecutive instances, your account could also be locked. Then by altering the password you’ll have to unlock the NPS account.

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