Many people get relief if they get pension after the age of retirement. At the same time, not all people are entitled to get pension. People can get pension only after fulfilling certain qualifications.
Meanwhile, a big announcement has been made by the government regarding pension. This is going to affect millions of people. In fact, the pension fund regulator Pension Fund Regulation and Development Authority (PFRDA) has made the paperless membership process more accessible, saying that the paper process of becoming part of the scheme can be completed through the government’s central ‘KYC’.
Central KYC
On behalf of the government, it has been said that under ‘Central KYC’, the applicant has to complete the verification process related to ‘Know Your Customer’ (KYC) only once and after that it can be used by all the financial institutions under different regulators. considered eligible to apply for.
Digital Application Facility
Subscribers have already been given the facility of digital application under the National Pension System (NPS) by the Pension Fund Regulatory and Development Authority (PFRDA) from the documents issued through DigiLocker, Aadhaar eKYC, PAN or bank account details. However, now NPS account can also be opened through paperless CKYC.
Authorized body
The regulator has said that now shareholders are also being given another option to open NPS account through online and paperless CKYC. CKYC is managed by Securitization Asset Reconstruction and Security Interest (Kersai). It is a body authorized to act as the Central KYC Registry on behalf of the Central Government.
