PFRDA has enabled OTP based authentication for existing NPS subscribers. With this, legacy NPS accounts, which are basically accounts opened with physical documentation, can now open new NPS accounts or access their NPS accounts completely online.
Legacy accounts are those accounts which were opened before the launch of OTP-based authentication feature by central record-keeping agencies (CRAs) or points of presence (POPS).
Recently, PFRDA has allowed first time investors to open NPS account through OTP based authentication.
Remember that the new facility will be allowed for existing subscribers having registered email id and mobile number linked with their NPS accounts.
Here is the process of OTP-based authentication:
• Log on to the website of eNPS of the respective CRA
• Click on the button "National Pension System"
• Click on the button "Registration"
• Click on option "OTP Authentication/eSign"
• Provide details submitted at the time of registration such as acknowledgement no., acknowledgement date, and date of birth or first name, date of birth and email address
• OTP authentication option will be displayed to the subscriber along with "eSign"
• Select "OTP Authentication" option and click on the "Generate OTP" button
• Two distinct OTPs will be delivered on the mobile and email ID, respectively, of the subscriber available in the CRA records. Enter both the OTPs to complete the process
