NPS Vatsalaya, NPS via Bharat Bill Payment System, reduced timeline of contributions and more.
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Here is a look at a few important changes made to NPS in 2024
NPS is a market-linked defined contribution scheme that helps you save for your retirement. The scheme is simple, voluntary, portable and flexible.
Mandatory two-factor Aadhaar authentication to log into NPS Central Recordkeeping Agency (CRA) system
The Pension Fund Regulatory and Development Authority has enhanced the security of NPS by introducing a new security layer, two-factor Aadhaar-based authentication, which will be mandatory for all password-based users logging into the Central Recordkeeping Agency (CRA) system beginning April 1, 2024. The PFRDA made this announcement via a circular issued on March 15, 2024.
The Pension Fund Regulatory and Development Authority has extended the option to open an Atal Pension Yojana (APY) account with any of the three agencies. Previously, only one Central Recordkeeping Agency (CRA) — Protean eGov Technologies Pvt Ltd — was responsible for opening and maintaining an APY account. The other two registered CRAs are mentioned below: 1. Computer Age Management Services Ltd. (CAMS) 2. KFin Technologies Ltd. This means an APY subscriber can choose from CAMS, KFin and
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