1. How to apply for Atal Pension Yojana: In some good news, eNPS platform provides easy online access, check enps.nsdl.com

How to apply for Atal Pension Yojana: In some good news, eNPS platform provides easy online access, check enps.nsdl.com

Pension Fund Regulatory and Development Authority has developed a process to offer APY enrolment through the eNPS platform.

By: | Published: October 10, 2017 1:42 PM
Atal Pension Yojana, APY, APY enrolment through eNPS platform, Aadhaar, Pension Fund Regulatory and Development Authority, PFRDA, Any person in the age group of 18 to 40 years with a savings bank account and Aadhaar can register for APY.

Good news for people willing to join the Atal Pension Yojana (APY). Now they don’t need to visit their bank or any post office to subscribe to it. “APY is available on eNPS platform & any eligible Indian citizen can enroll through APY@eNPS channel by visiting http://www.enps.nsdl.com,” the Finance Ministry tweeted today.

In fact, the Pension Fund Regulatory and Development Authority (PFRDA) has developed a process to offer APY enrolment through the eNPS platform for a wider reach. Under this channel, a complete end-to-end digital environment for subscription is enabled without submission of any physical form by the customer. The customer, thus, need not visit the bank or post office now.

So far APY was available for subscription through banks, BCs and through internet banking. Now, APY is available on the eNPS platform. The customers of the bank can visit the eNPS portal and submit Aadhaar/ bank name and savings bank account number to join the scheme. The benefits of APY@eNPS are:

# Paperless registration

# No need for visiting Bank Branch.

# Online enrollment can be made 24*7 at the customer’s convenience.

# No need for having internet banking ID.

Punjab National Bank is the first nank to operationalize APY@eNPS and quite a few other banks are expected to launch this platform shortly offering Aadhaar-enabled APY enrollment.

Any person in the age group of 18 to 40 years with a savings bank account and Aadhaar can register for APY by providing the minimum information in the APY@eNPS portal as rest of the information will be auto populated from the respective bank. This new feature not only makes it easy for the subscriber to join the APY, but also reduces the workload for banks/postal branches which are implementing the APY.

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  1. R
    Reader
    Oct 10, 2017 at 2:49 pm
    A centralized and inter-linked biometric database like Aadhaar will lead to profiling and self-censorship, endangering freedom. Personal data gathered under the Aadhaar program is prone to misuse and surveillance. Aadhaar project has created a vulnerability to identi-ty fraud, even identi-ty theft. Easy harvesting of biometrics traits and publicly-available Aadhaar numbers increase the risk of impersonation, especially online and banking fraud. Centralized databases can be hacked. Biometrics can be cloned, copied and reused. Thus, BIOMETRICS CAN BE FAKED. High-resolution cameras can capture your fingerprints and iris information from a distance. Every eye hospital will have iris images of its patients. So another person can clone your fingerprints and iris images without your knowledge, and the same can be used for authentication. If the Aadhaar scheme is NOT STOPPED by the Supreme Court, the biometric features of Indians will soon be cloned, misused, and even traded.
    Reply
    1. R
      Reader
      Oct 10, 2017 at 2:49 pm
      UK’s Biometric ID Database was dismantled. Why the United Kingdom's biometrics-linked National Identi-ty Card project to create a centralized register of sensitive information about residents similar to Aadhaar was scrapped in 2010?? The reasons were the massive threat posed to the privacy of people, the possibility of a surveillance state, the dangers of maintaining such a huge centralized repository of personal information, and the purposes it could be used for, and the dangers of such a centralized database being hacked. The other reasons were the unreliability of such a large-scale biometric verification processes, and the ethics of using biometric identification.
      Reply
      1. R
        Reader
        Oct 10, 2017 at 2:48 pm
        The US Social Security Number (SSN) card has NO BIOMETRIC DETAILS, no photograph, no physical description and no birth date. All it does is confirm that a particular number has been issued to a particular name. Instead, a driving license or state ID card is used as an identification for adults. The US government DOES NOT collect the biometric details of its own citizens for the purpose of issuing Social Security Number. The US collects the fingerprints of only those citizens who are involved in any criminal activity (it has nothing to do with SSN), and the citizens of other countries who come to the US.
        Reply

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