OPEN NPS ACCOUNT VIA AADHAAR WITHOUT ANY PHYSICAL DOCUMENT


Opening an NPS account has further been simplified. PFRDA has dispensed with the requirement of submission of physical application form for opening of NPS accounts if done through Aadhaar verification and e-signature.

The PFRDA, in October 2013, had allowed acceptance of e-KYC as a valid process for verification in addition to other permitted documents of identity and address.

As on November 30, there were about 1.4 crore subscribers under NPS.

The PFRDA further said that PoPs would be allowed to charge a maximum of Rs. 5 plus service tax and cess per application for the e-signature service.

SOURCE;THE FINANCIAL SERVICE , JANUARY 2, 2017 NEW DELHI, PAGE 2