Mobile number, bank a/c details must for NPS

Tribune News Service

New Delhi, April 20

The Pension Fund Regulatory and Development Authority (PFRDA) has decided to make bank account details and mobile number mandatory for National Pension Scheme (NPS) subscribers. It said this is being done to provide ease of operation for the benefit of subscribers and make the process of exit from NPS hassle-free.

In compliance with the Prevention of Money Laundering Act guidelines, Foreign Account Tax Compliance Act and Central Registry of Securitisation Asset Reconstruction and Security Interest have been made mandatory for new and existing subscribers.

These have been made mandatory in the new Common Subscriber Registration Form (CSRF) forms.