PFRDA Makes Online Applications Mandatory For NPS Subscribes

22 November, New Delhi

Pension fund regulator PFRDA has made it mandatory for the subscribers of New Pension System (NPS) to submit applications online for settlement of withdrawal claims from April 1 next year.

According to a PFRDA directive, no request in physical form would be entertained with effect from 1st April 2016.

It also said physical withdrawal request forms received at CRA will not be accepted for further processing.

The agency said it is committed to support the Digital India campaign of the government and efforts were being made to make various NPS related services available on online platform.