New features of National Pension System (NPS)

Q.  Which of the following is/are true regarding National Pension System (NPS)?

1) Online contribution facility has not yet been made available to NPS subscribers.
2) Recently, a mobile app has been made available for the subscribers.
- Published on 18 Jul 16

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

ANSWER: Only 2
 
  • Subscribers are contributing through online mode using eNPS portal of NPS Trust. Now, a facility has been made available to contribute online by Subscribers using IPIN credentials in CRA system.
  • In Mobile App, the Subscriber will be able to raise the request for Transaction Statement for a particular financial year which will be sent to his registered mail ID at end of the day, can view his/her NPS account, details of the last five contributions credited, can change contact details (Telephone/Mobile no./Email ID), etc.
  • The Subscribers can now update/modify their address easily on their own using Aadhaar based authentication.

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