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PFRDA 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 customer's convenience.

Delhi 

PFRDA rolls-out Aadhar Powered on Boarding into APY through eNPS platform for wider reach; Benefits of APY@eNPS include paperless registration; No need to visit Branch & to have Id and 24*7 Online En-rollment at the customer's convenience.

Pension Fund Regulatory and Development Authority (PFRDA) has embarked upon several 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 environment for subscription is enabled without submission of physical form at the convenience of the customer without visiting or post office.

So far APY is available for subscription through Banks, BCs and through internet 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 can visit eNPS portal and submit Aadhaar/ Name and Savings Account Number to join the scheme. The benefits of APY@eNPS are:

Paperless registration

No need for visiting Branch.

Online enrollment can be made 24*7 at the customer's convenience.

No Need for having internet Id.

Punjab National is the first to operationalize APY@eNPS and quite a few other banks are expected to launch this platform shortly offering Aadhaar enabled APY enrollment.

Any person in the age group of 18 to 40 years with a savings 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 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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 10 2017. 00:20 IST