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Wednesday, 11 October 2017
PFRDA rolls-out Aadhar Powered Digital on Boarding into APY through eNPS platform
Government of India
Ministry of Finance
rolls-out Aadhar Powered Digital on Boarding into APY through eNPS platform for
wider reach; Benefits of APY@eNPS include paperless registration; No need to
visit Bank Branch & to have Banking Id and 24*7 Online En-rollment at the
Fund Regulatory and Development Authority (PFRDA) has embarked upon several
digital friendly steps for extension of the benefits of APY to the citizens of
India. PFRDA has developed the process to offer APY enrolment through eNPS
platform for wider reach. Under this channel a complete end to end digital
environment for subscription is enabled without submission of physical form at
the convenience of the customer without visiting bank or post office.
APY is available for subscription through Banks, BCs and through internet
banking. Now, APY is available on eNPS platform and any eligible Indian citizen
can enroll through the APY@eNPS channel by visiting www.enps.nsdl.com. The
customers of the Bank can visit eNPS portal and submit Aadhaar/ Bank Name and
Savings Bank Account Number to join the scheme. The benefits of APY@eNPS are:
• No need
for visiting Bank Branch.
enrollment can be made 24*7 at the customer's convenience.
• No Need
for having internet banking Id.
National Bank is the first Bank to operationalize APY@eNPS and quite a few
other banks are expected to launch this platform shortly offering Aadhaar
enabled APY enrollment.
person in the age group of 18 to 40 years with a savings bank account and
Aadhaar can register for APY by providing the minimum information in the
APY@eNPS portal as rest of the information will be auto populated from the
respective bank. This new feature not only makes it easy for the subscriber to
join the APY but also reduces the workload for the Banks/Postal Branch which
are implementing the APY.