NPS/APY Functionalities released by CRAs during Quarter II (FY 2022-23) – PFRDA Circular dated 21.12.2022

1. At the time of Subscriber Registration through e-NPS, Subscribers will have an option to open account on the basis of Digilocker (Driving License).

2. Subscriber will be redirected to Digilocker website and has to Sign in with login credentials (Mobile/Aadhaar/User ID).

3. Once logged-in, Subscriber has to provide consent for sharing of documents / information with CRA.

4. Name, Address, Date of Birth, Gender and Photo will be fetched from Digilocker

5. PRAN will be generated after filling all mandatory fields.

1. Inter-sector shifting facility in Subscriber login (Other than UoS Subscribers – already available). The target Office shall authorize the shifting request.

2. Authorization of ISS request by Source Nodal Office in case of Govt. & PSUs/PSBs Corporate Subscribers prior to Date of Retirement.

3. In case of Government Sector and PSUs/PSBs Corporate Subscribers, after Date of Retirement / Superannuation, authorization of ISS request by source Nodal Office is not required.

4. Option to Corporate sector Nodal Offices to Flag underlying Subscribers in case of Resignation/Retirement.

5. Auto Inter Sector Shifting of Corporate Subscriber to All Citizens of India Sector after 90 days from the Date of Flagging/Date of Retirement.

6. “No ISS” option to Corporate/Govt. sector Nodal Offices to assign and remove Flag to PRANs along with option of document upload so that no shifting request is processed for the PRANs.

Option to continue the existing Investment Choice (PFM/Asset allocation) during Inter Sector Shifting. It is applicable for following:

1. Shifting of Corporate sector Subscribers to All Citizens of India sector.

2. Shifting of Government sector Subscribers to All Citizens of India sector.

Implementation of Phase II of Chatbot – Now, NPS Subscribers can view through KYNA.

1. Account Balance – Subscriber will be able to view Tier wise scheme wise balance in their PRAN.

2. Last Five Contributions – Subscriber will be able to view Tier wise last five contributions made in the PRAN.

1.Name of the Subscriber will be matched if Bank Account Number/IFS Code present in CRA records do not match with withdrawal file records. 

2.Name of the Subscriber will not be matched if Bank Account Number/ IFS Code present in CRA records matches with withdrawal file records.

Credit card payment has been disabled on eNPS portal for the following features:

1. Tier II Activation

2. Composite Subscriber Registration (Tier I + Tier II)

3. Contribution for Tier II

Introduction of Separate Registration Form for Govt & Pvt Sector.Major changes are as follows:

1. Removal of address fields in Nominee Section.

2. Standard Nominee relationship.

3. Removal of Bank branch and Bank address.

4. Only one address will be captured.

Changes in the Bank details modification process:

1. Account verification through Penny Drop:
a) Subscriber Initiated requests :–

i) Nodal Office authorization not required, if Penny Drop & name matching is successful.
ii) Nodal Office authorization & Document Upload is mandatory, if Penny Drop is successful & name matching is unsuccessful.

b) Nodal Office initiated requests – Maker/Checker process.

2. Introduction of Dual OTP Authentication at Bank details update by Subscriber in addition to eSign.

Introduction of Dual OTP Authentication in addition of eSign for the following features:

1. Photo-Signature update by Subscriber.

2. e-Nomination update by Subscriber.

1. Non Tapering of equity allocation for Asset Class E in case of Active Choice in Tier I.

2. 100% Equity Allocation in case of Tier II without tapering of allocation.

In addition to offline Aadhaar xml, Subscribers through their login will be able to update address using:

1) Driving License (Digilocker).

2) Online Aadhaar.

3) Aadhaar VID.

Reduction in the timelines of settlement process from T+3 to T+2 working days for below request for all the sector in KCRA system:

1. Superannuation
2. Premature Exit due to Death Annuity Withdrawal
3. Tier II Withdrawal
4. Partial Withdrawal/Conditional withdrawal
5. Scheme Preference Change
6. Rebalancing
7. PFM change Request
8. one way switch
9. Inter sector change
10. ERM.

Utility now has been provided to Govt Nodal office to rectify the Contribution Month and Year as well as contribution type.

• This functionality pertains to POP module.
• A new menu is provided for the POP users. (POP Login–> Contribution–> Upload Contribution)
• The POP user may login to this module and upload the contributions received at their end in the bulk upload format provided to them.

• This functionality pertains to POP module.
• A new menu is provided for the POP users. (POP Login–>Feed–>Feed Confirmation)
• The POP user may login to this module and confirm the contribution uploaded so that Transaction ID can be generated. Once Transaction ID is generated, POP can transfer the fund to TB quoting the same.

• Credit cards are now disabled for Tier II contributions. Credit card as an option is not available to be selected by subscribers for their contributions. (Credit cards are permitted only for Tier I contributions)
• Subscribers are displayed with caution message that contributions through credit cards are not permitted in Tier II accounts. This message is displayed for both new registrations and contributions by existing subscribers.

• This functionality pertains to new registrations under eNPS.
• For successful registrations, PRAN is generated immediately and displayed to the subscriber in the payment acknowledgement page.

Applicants are permitted under active choice to select a maximum of:a. 75% under equity for Tier I accounts.

b. 100 % under equity for Tier II accounts.