Investing in NPS becomes easy, e-KYC approval

new Delhi. The Pension Fund Regulatory and Development Authority has received approval from the Department of Revenue for e-KYC services for subscribers of National Pension System and Atal Pension Yojana (). The process of opening an account with e-KYC will be further simplified.

Revenue Department approves e-KYC
Pension Fund Regulator PFRDA said in a statement that the process of opening an account with online e-KYC would be simpler as it would be helpful for subscribers to adopt NPS in a digital manner. The regulator said that he has got the approval of e-KYC from the revenue department.

National Pension System and Atal Pension Yojana are the two major schemes of FPRDA. NPS is a pension scheme for the organized sector while the Atal Pension Yojana is mainly for the employees of the unorganized sector.

What is NPS

It is worth noting that the National Pension System or NPS (NPS) is a government retirement saving scheme, launched by the Central Government in 2004. Since 2009, the scheme has also been opened to the people working in the private sector.

What is Atal Pension Yojana
Let us know that the Atal Pension Yojana has started to become increasingly popular among the people in a very short time. Within 5 years of its launch, the number of its subscribers has been around 24 million. This pension scheme is a guaranteed pension scheme for the citizens of India. It was launched on 9 May 2015. Of this, the highest 52.55 per cent of the subscribers are between 21 and 30 years old. The younger you get involved in this scheme, the more you will benefit.

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