NPS New Rule: Two-factor Aadhaar authentication has been implemented by NPS for login. After this, NPS account can be logged in only through Aadhaar.
NPS New Rule: To make investment in NPS safe, from time to time the Pension Fund Regulatory and Development Authority (PFRDA) changes the rules for contribution to the National Pension System, so that investors’ money remains safe. In this series, two-factor Aadhaar authentication has been approved by PFRDA. It will be implemented from April 1, 2024.
What is two-factor Aadhaar authentication?
Under two-factor Aadhaar authentication, Aadhaar OTP will be used along with the password while logging into the NPS account through the CRA system. With this, the security of the NPS account will increase significantly compared to before and the risk of fraud will also reduce.
Benefits of two-factor Aadhaar authentication?
The purpose of linking the OTP based authentication system of Aadhaar with the CRA system of NPS is to make the login system stronger than before. The introduction of two-factor Aadhaar authentication will completely prevent unauthorized login through the CRA system. PFRDA said this will protect the interests of subscribers and all stakeholders.
How can it be used?
- For this, first of all you have to go to the NPS website.
- For this you will have to go to ‘Login with PRAIN/IPIN’.
- You have to go to the ‘PRAIN/IPIN’ tab. Now a new window will open.
- Enter User ID and Password here.
- After this enter the captcha.
- You will see the option of Aadhaar authentication. Perform authentication by entering the Aadhaar number here.
- Now you can access your NPS account.
NPS account will be locked
If you log into your NPS account using a wrong password and enter the wrong password five consecutive times, your account may be locked. Then by changing the password you will have to unlock the NPS account.
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