The Pension Fund Regulatory and Development Authority (PFRDA) has taken a significant step towards enhancing the security of National Pension System (NPS) transactions. In a recent circular, PFRDA announced the implementation of a new authentication system using Aadhaar-based access for the Central Recordkeeping Agency (CRA) system under the government sector.

 

Presently, nodal offices under central and state governments, along with autonomous bodies, utilize a password-based login for accessing the CRA system for NPS transactions. However, to bolster security measures and protect the interests of subscribers and stakeholders, PFRDA has decided to introduce additional security features through Aadhaar-based authentication for CRA system login.

 

The new authentication system will integrate Aadhaar-based login authentication with the existing user ID and password-based login process. This integration will ensure two-factor authentication, thereby enhancing the overall security framework of the CRA system. The proactive initiative aims to establish a secure environment for all NPS activities conducted by government offices and autonomous bodies.

 

The implementation of the Aadhaar-based login authentication is currently under development and is scheduled to go live on April 1, 2024. To facilitate a smooth transition, the Central Recordkeeping Agency will provide detailed standard operating procedures and conduct extensive engagement sessions with government nodal offices. These efforts aim to familiarize nodal officers with the changes and ensure seamless adoption of the new authentication system.

 

Signed by K Mohan Gandhi, Chief General Manager, the circular mandates all government sector offices and autonomous bodies to acknowledge the directive. Furthermore, they are instructed to establish the necessary framework for the implementation of Aadhaar-based login and authentication in the CRA system for performing all NPS-related activities.

 

This proactive measure by PFRDA underscores its commitment to enhancing the security and integrity of NPS transactions, safeguarding the interests of subscribers and stakeholders alike.