Pension Fund Regulatory and Development Authority
Circular No: PFRDA/2022/36/SUP-CRA/12 Dated 22nd Nov 2022
To
All NPS Stake Holders
Subject: NPS Digital On boarding through CKYC
PFRDA had enabled multiple modes of digital on boarding into NPS through Digi Locker Issued Documents, Aadhaar e KYC/XML and PAN/Bank account. In the series of various digital initiatives as part of Azadi Ka Amrit Mahotsav (AKAM) to mark 75 years of India’s Independence, PFRDA is pleased to inform that the prospective Subscribers are provided with another option for opening NPS Account through CKYC and the process is online and paperless.
2. Central KYC (CKYC), a unique initiative of the Government of India (GoI) to empower NPS Subscribers/ financial investors to complete their KYC only once for interacting with multiple service providers across the financial sector under the ambit of various Regulators.
3. CKYC is managed by CERSAI (Central Registry of Securitization Asset Reconstruction and Security Interest of India), the authorized entity of GoI to function as the Central KYC Registry (CKYCR). The objective of CKYCR is to ease the process of opening account with financial service providers and unburden the investors from producing KYC documents and getting those verified every time. CKYCR acts as centralized repository of KYC records of investors in the financial sector and facilitates inter-usability of the KYC records across the sector with their due consent.
4. CKYC Identification Number is a 14-digit number allotted by CERSAI to an investor post completion of CKYC formalities. The prospective Subscribers can also check their CKYC number/ status online by visiting the web portal of the financial institutions providing a CKYC check facility. Additionally, they may approach the financial institutions where they provided their CKYC documents to obtain the number.
5. The process flow of performing digital on boarding journey through CKYC provided at the Annexure for the benefit of stake holders and the facility is provided by one of Central Record Keeping Agencies (CRA) as of now.
This circular issued in exercise of the powers conferred under Section 14 of PFRDA Act, 2013 to protect the interests of subscribers and to regulate, promote and ensure orderly growth of the NPS and pension schemes to which the Act applies.
Digitally signed by K
MOHAN GANDHI
Chief General Manager
Annexure
SOP- CKYC during Registration
Version 1.1
www.camsnps.com
1. Enter subscriber details in the Registration page.
a. First name
b. PAN
c. Date of Birth
d. Email ID
e. Mobile number (linked with KYC/ Aadhaar)
2. Select ‘Open New Account’.
Subscriber to enter the OTP received in their mobile.
Subscriber to enter the OTP received in their email
> Subscriber’s PAN, DOB and email and mobile number is checked with CKYC. If PAN, DOB and email / mobile number matches, then subscriber’s KYC details available will be display as a pop up on the screen.
> If the subscriber wishes to proceed with the details available in CKYC, they may select ‘Yes’ and proceed. Else select ‘No’ and choose eKYC as the other KYC option.
> Once online KYC is completed, KYC status will display ‘verified’.
> Subscriber can select applicant type and status and proceed.
> Subscriber’s name will populate against the Name field as available in CKYC and is un-editable.
> DOB will be as per CKYC and is un-editable.
> Father’s name, Mother’s name, Gender if available in CKYC will populate against the respective field and is editable.
> Subscriber’s address as available in CKYC will populate against the address field and is un-editable.
> Once all the mandatory data has been entered, subscriber can select the ‘Save Details’ button and proceed with generating Acknowledgement number.
> Acknowledgement number is generated and sent to the subscriber by way of SMS and email.
> Subscriber can also download a copy of the receipt.
> Subscriber’s photo available from CKYC will be auto populated and is un-editable.
> Subscriber’s signature available from CKYC will be auto populated and is editable.
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