Beneath the brand new safety mechanism, NPS subscribers can solely entry their accounts after offering Aadhaar-based identification and getting into the OTP issued to their registered cell quantity.
As per the PFRDA, the Aadhaar-based login authentication could be merged with the present consumer ID and password-based login course of to make the CRA system obtainable by two-factor authentication
The Pension Fund Regulatory and Improvement Authority (PFRDA) plans to alter the current login course of for Nationwide Pension System (NPS) accounts by April 1, 2024, in response to a rise in on-line fraud circumstances throughout the nation.
The pension regulation authority has introduced a safer mechanism. They’ve launched two-factor Aadhaar authentication and made the improved safety necessary for all password-based customers getting into into the NPS’s Central Recordkeeping Company (CRA) system starting April 1, 2024.
Beneath the brand new safety mechanism, NPS subscribers can solely entry their accounts after offering Aadhaar-based identification and getting into the OTP issued to their registered cell quantity.
What’s Aadhaar’s two-factor authentication system?
The 2-factor Aadhaar authentication system provides extra exams to certify the authenticity of the fingerprint and restrict spoofing efforts, making Aadhaar-authenticated transactions far safer and extra resilient.
What are the benefits of the two-factor authentication function?
The implementation of Aadhaar-based login authentication seeks to strengthen the NPS CRA system’s total authentication and login infrastructure. Based on the PFRDA announcement of March 15, this yr, the brand new safety system will provide – elevated safety and enhanced safety.
The PFRDA acknowledged that the two-factor answer significantly decreases the potential of unauthorised entry to the CRA system, whereas additionally safeguarding NPS transactions and defending the pursuits of each subscribers and stakeholders.
What is going to the brand new login mechanism appear to be?
As per the PFRDA discover, an Aadhaar-based login authentication might be merged with the present Consumer ID and Password-based login methodology, permitting for two-factor authentication when accessing the NPS CRA system.
Verify the up to date directions for accessing the NPS account with two-factor Aadhaar authentication:
– Go to the NPS web site at https://enps.nsdl.com/eNPS/NationalPensionSystem.html.
– Select the ‘Login with PRAIN/IPIN’ choice.
– To open a brand new window, click on the PRAIN/IPIN tab.
– Log in along with your username and password.
– Fill out the Captcha verification fastidiously.
– The window will then request Aadhaar authentication and ship an OTP to your registered cell quantity.
– Enter the OTP that you simply obtained.
– You’ll now have entry to your NPS account.
When will you be denied entry to your NPS account?
Based on the brand new two-factor Aadhaar authentication mechanism, if a consumer enters a incorrect password 5 consecutive instances, the NPS CRA would prohibit entry to the account and lock it. Even after the account has been locked, the consumer will be capable to reset his or her password by answering the key query.
