New NPS rule from April 1 requires two-factor Aadhaar authentication; right here’s the way it works – step-by-step information | Enterprise

New NPS rule from April 1: The Pension Fund Regulatory and Growth Authority (PFRDA) has enhanced Nationwide Pension System (NPS) safety by including a brand new layer referred to as two-factor Aadhaar authentication. Beginning April 1, all customers logging into the Central Report-keeping Company (CRA) system with passwords should use this characteristic, as per the PFRDA round dated March 15, 2024.

Why two-factor authentication issues

Based on ET, utilizing two-factor authentication significantly lowers the chance of unauthorised entry to the CRA system. This added layer ensures the protection of NPS transactions and protects the pursuits of subscribers and stakeholders.
The login course of for NPS CRAs is altering. Following the round, Aadhaar-based authentication will now be mixed with the present person ID and password login system. This replace permits entry to the NPS central record-keeping company (CRA) system via two-factor authentication.
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Learn how to log in to NPS utilizing two-factor authentication

Here is methods to log in to NPS utilizing 2-factor authentication:
1. Go to the NPS web site: https://enps.nsdl.com/eNPS/NationalPensionSystem.html
2. Click on on ‘Login with PRAIN/IPIN.’
3. Choose the PRAIN/IPIN tab, and a brand new window will open.
4. Enter your person ID and password.
5. Full the Captcha verification.
6. A window will immediate for Aadhaar authentication and ship an OTP.
7. Enter the OTP obtained in your registered cell quantity.
8. Submit the OTP.

Extra safety measures

To bolster safety and shield the pursuits of subscribers and stakeholders, the CRA system will now use Aadhaar-based authentication for login. This authentication methodology might be built-in with the present Person ID and Password login system, enabling 2-factor authentication to entry the CRA system.

Aadhaar Mapping for nodal workplaces

Authorities sector nodal workplaces can make use of Aadhaar OTP for 2-factor authentication on the CRA and NPSCAN methods. To start Aadhaar Mapping, the Oversight Workplace (PrAO/DTA) should initially hyperlink Aadhaar with the respective CRA Person ID. PAO/DTOs should additionally hyperlink their Aadhaar with their CRA Person ID to allow DDOs to provoke Aadhaar linkage.
Authorities and autonomous our bodies are required to implement Aadhaar-based login and authentication inside the CRA system for NPS operations.