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PFRDA Enables Aadhar based eKYC – Helps make the process Paperless

The National Pension System (NPS) has developed an online portal to open an Individual Pension Account (IPA). The Aadhar validates the information of the individual opening a new account. It provides the proof of birth, proof of address and proof of identity. As an Aadhar e-KYC for NPS, it is a sufficient and necessary document which is equivalent to KYC (Know Your Customer) collected in banks.  The Aadhar database also has recorded biometrics of every Aadhar card holder. The Aadhar eKYC for NPS, works like several other online portals which request information from the Aadhar database to validate and verify a person’s identity.

PFRDA Enables Aadhar based eKYC - Helps make the process Paperless

Aadhar eKYC based Paperless, Online Process for Pensioners

Pension Fund Regulatory and Development Authority (PFRDA) which is an autonomous body, initiated the acceptance of Aadhar eKYC for NPS as a valid process for KYC verification, alternative to the other permitted documents of identity and address (Permanent Account Number and savings account). The unique Aadhar numbers help curb multiple or duplicate accounts. PFRDA has appointed  PoPs (Point of Presence), they would be allowed to charge a maximum of Rs. 5 excluding service tax and cess per application for the e-signature service being provided to the subscribers. Due to concerns such as information leak, the NPS demands verification by the individual.

To find a detailed guide on linking Aadhar Card to NPS in 15 minutes, click here

How the Aadhar eKYC for NPS Works

Using Aadhar eKYC for NPS makes a lot of sense since, the Aadhar database has all your information identified by your unique Aadhar number including your registered mobile number and email. Your information can be accessed upon authorization, with a code received as an OTP on your registered mobile number.

aadhar-ekyc-process-explained

How to Open your Online NPS account?

To open a new account on the online NPS portal – a Tier I or Tier II type of account, register online on the official website by clicking here.

  • The page presents a set of guidelines which is a must- read.
  • Find the ‘Registration’ button on the right of the page.
nps-ekyc-process-home-page
It leads to the following portal where, you need to follow the below steps:


  • enter your Aadhar number and get an OTP
  • after confirming the OTP sent by UIDAI with the NPS portal, you will be asked to upload your signature under the e-signature tab
  • confirm the e-signature verification in the form of OTP will be sent to your registered mobile number

aadhar-nps-link-process-explained

After the registration procedure ends, you will be directed to a payment gateway. A minimum deposit of Rs. 500 to the new account is a must.

Do Note:

  • Your PRAN (Permanent Retirement Account Number) is generated instantly.
  • Remember to print the form, paste photograph and affix signature.
  • This should be submitted to CRA within a defined duration.
  • Later, the PRAN kit will be delivered to you at your registered address.

Only a select number of banks provide the pension distribution service which makes it a hassle for the the pensioners as they need to visit those designated locations/banks. But now with Aadhar eKYC for NPS  the amount of time spent on opening a pension’s account and the managing of it are greatly reduced. You have to don’t have to fill your information nor stand in queues for your turn to register it is very easy and simple hassle free process.

Hope this article was of help to you. Feel free to explore our site for more Aadhar related news, updates and guides to solve your queries. Also, feel free to leave your comments below.
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