Stories
PFRDA Launches NPS Central Platform for Unified Account Management
- •The Pension Fund Regulatory and Development Authority has launched NPS Central, allowing subscribers to manage accounts across all three Central Recordkeeping Agencies through a single interface.
- •Existing subscribers can easily log in using their registered mobile number and date of birth verified by an OTP, eliminating the need to remember their PRAN.
- •The platform enables users to view consolidated portfolios, make contributions, update profile details, download statements, and compare different schemes.
- •New users can complete onboarding with zero charges using CKYC and DigiLocker, instantly receiving an electronic PRAN and access to an AI-enabled assistant.
- •Future updates will bring features like loans against NPS, systematic investment plan mandates, NPS Vatsalya account management, and re-KYC services.
Key Questions Answered
Launched by the PFRDA on October 1, NPS Central is a digital platform allowing National Pension System subscribers to manage accounts across three Central Recordkeeping Agencies via a single interface. Existing subscribers can log in using their registered mobile number and date of birth with an OTP, avoiding the need to remember their PRAN.
New subscribers can use NPS Central for onboarding with CKYC and DigiLocker options, and the platform features an AI-enabled assistant along with tools to compare investment schemes and select a Pension Fund. Following registration, users receive an electronic PRAN and account services, with onboarding charges noted as nil subject to terms.
The PFRDA plans to expand NPS Central in phases to support changes to investment choices and Pension Funds, loans against NPS, SIP mandates, and NPS Vatsalya account maintenance. Additional planned services include re-KYC, Tier II account services, and integration with other ecosystem participants through API specifications available on its website.
