Good news for government employees! PFRDA allows online paperless exit process through NPS, know details
Zee News
The online exit would be integrated with Instant Bank Account Verification as per the existing guidelines as part of enhanced due diligence in the interest of Subscribers.
New Delhi: Pension Fund Regulatory and Development Authority (PFRDA) has announced that it would enable online and paperless process of exit to the Subscribers of Government Sector as an option in addition to the existing physical mode of exit. The facility would also be available to the employees of Autonomous Bodies of Central/State Government who are covered in NPS.
The online exit would be integrated with Instant Bank Account Verification as per the existing guidelines as part of enhanced due diligence in the interest of Subscribers. (RBI's big gift to bank employees ahead of festive season! Revision in Bank Family Pension, check details here)
Central Record Keeping Agencies (CRAs) would be enabling the required technical functionalities in a time bound manner in the interest of Subscribers before 30th October 2021, said PFRDA.
