ENPS Guidelines.pdf

PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
B-14/A, Chhatrapati Shivaji Bhawan, Qutab Institutional Area, Katwaria Sarai, New Delhi – 110 016
Phone : 011 - 26517501, 26133730, 26133730 Fax: 011 – 26517507 website: www.pfrda.org.in

Circular No: PFRDA/2022/37/SUP-CRA/13 30th Nov 2022
CIRCULAR
To
All Govt Sector Nodal Offices, Prospective Subscribers & other NPS Stakeholders
Subject: e-NPS Govt offers ease & convenience in account opening for the Subscribers

PFRDA has enabled e-NPS for the benefit of Government Sector Subscribers & the associated Nodal offices.
e-NPS Govt provides the opportunity for the employees of Government Sector to open NPS Acct with ease and convenience in a paperless mode.
Nearly 9000 accounts are opened across various Accounting formations of the Central Government & State Government.
The major benefits of e-NPS Govt are faster account opening, higher efficiency, and brings operational finesse to the nodal offices.
It was proposed that e-NPS for Government shall be made mandatory w.e.f. 1/4/2022.
All Govt. Nodal officers of State/Centre/Autonomous Bodies are informed to adopt e-NPS Government for on-boarding their new employees.
Any request for training sessions for e-NPS Government can be taken up with Protean CRA by emailing to [email protected], [email protected], and [email protected].

Annexure I
1. Government Subscribers’ Accounts generated through e-NPS module
2. Government Subscribers’ accounts generated through OPGM (Non-eNPS module)

Annexure II
Benefits of e NPS Government to Stakeholders
1. Ease of on-boarding of employees and online verification/authorization of employee NPS information by Nodal Offices.
2. Easing the work of Nodal Offices from manual process of account opening and freeing them from handling papers.
3. Paperless process of enrollment with eSign/OTP.
4. Optimizing the cost of Account opening by end to end digitization.
5. Expediting the account opening process compared to existing modes of account opening methods.
6. Timely PRAN generation and hence timely deposit of NPS contribution which would lead to higher investment benefits.
7. Since employees fill the data in eNPS portal themselves while on boarding, data entry/digitization errors may come down.
8. Elimination of logistical cost associated with submission of physical forms by Subscribers to Nodal Offices.