Key Points
The Pension Fund Regulatory and Development Authority (PFRDA) has released an advisory on how government sector employees can safely invest in the National Pension System (NPS)..
This advisory is in addition to the Cybersecurity and other related guidelines issued by MHA/MEITY and Cert-In and in no way reduces the liability of the officer for any omission or commission in the discharge of their duties, said PFRDA in the circular...
Heres how PFRDAs digital safety advisory aims at making NPS transactions safer online for government sector employees.. Onboarding of subscribersAs per the advisory, while digitisation and uploading of documents on the CRA system, the information as per the Subscriber Registration form and supporting KYC details, as provided by the subscriber are to be verified with the supporting officially valid documents (OVDs) and the information available in the service records of the employee..
While digitisation and uploading on the CRA system, any request for update/change in nomination, subscriber profile, such as name change, change in address, change in mobile number, choice for provident fund (PF) & Investments, Bank account detail, including Re-KYC are to be processed and approved along with digital authentication (such as Aadhaar Authentication) as per the request received from the subscriber after due verification with the required supporting document as per norms..
The instructions of the CRA system are to be followed by the user while processing exit/withdrawals/claims requests of the subscriber/claimants without any deviation, along with proper due diligence/certification with digital authentication (such as Aadhaar Authentication) before submission/approval in the CRA system...
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