It has been mentioned in the document that the NPS Trust will emphasize on digital solutions to address the problems of the people, so that the users of National Pension System (NPS) do not face any kind of problem.
New Delhi. A major digital change is being prepared in the National Pension System (NPS). This change in NPS will not only reduce the risk of deposits of pensioners but will also protect the interests of the subscribers. The documents related to this entire process have been received by News18, it shows that this entire process will be completed by the year 2022.
The benefit of this scheme of NPS 2004 can be availed by most of the employees of the Central Government and State Government, Central Autonomous Bodies, some State Autonomous Bodies and people from the corporate world as well as any citizen of the country voluntarily. At present, 1.5 crore subscribers are connected to the government’s National Pension System in the country and they have a deposit of Rs 4,41,875 crore.
Going by the system of NPS Trust, it receives reports on monthly, quarterly, half yearly and yearly basis. This report is given through mail or in person. After this the report is scrutinized. In some cases, this information is given to the Pension Fund Regulatory and Development Authority (PFRDA), which monitors pension related matters. It has been mentioned in the document that the present system lacks automatic and robust data connectivity. It takes a lot of effort to automatically compile, evaluate, identify risks and obtain completely accurate information about the data.
What will change in NPS 2.0?
It has been mentioned in the document that the NPS Trust will emphasize on digital solutions to address the problems of the people, so that the users of NPS do not face any kind of problem. Through the new system, it will be ensured that the problems of the customers can be resolved digitally at the earliest. Explain that the new digital system will also help the Pension Fund Regulatory and Development Authority (PFRDA), so that people can get maximum benefit from it in future.
More than that, the new system will help reduce the risk and keep any data secure. NPS Trust will use analytics and business intelligence for this. As mentioned in the document, with the new system any problem will be resolved in less time and the interest of the customers will be protected. Along with this, the digital system will also reduce future risks. An agency will be hired by the NPS Trust to address the shortcomings of the digital platform. It is being told that the NPS 2.0 project will go live within nine months of the award.
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