PFRDA Launches StAR NPS Digital Platform for Subscriber Onboarding

The Pension Fund Regulatory and Development Authority has launched a new digital platform called StAR NPS.

This platform, developed by BSE Technologies, allows Points of Presence to onboard National Pension System subscribers digitally. The process includes electronic data collection and KYC verification. Subscribers can make their first contribution through the platform, leading to PRAN generation.

The Pension Fund Regulatory and Development Authority (PFRDA) introduced a new digital onboarding framework for National Pension System (NPS) subscribers today (June 4, 2026, Thursday) as it launched the 'StAR NPS' platform developed by BSE Technologies Private Limited (BTPL).

The platform has been operationalised for use by Points of Presence (PoPs).

What is the StAR NPS platform?

The StAR NPS platform is a technology-enabled digital platform that allows PoPs and their network of pension agents to onboard NPS subscribers through a fully digital process.

According to a PFRDA circular dated June 4, 2026, “The platform is intended to provide a technology enabled assisted onboarding journey for NPS subscribers through PoPs and their associated network of various categories of pension agents, which may include mutual fund distributors, while enabling seamless integration with entities within the NPS ecosystem such as Central Recordkeeping Agencies (CRAs) and Trustee Bank.”

StAR NPS platform onboarding process

The onboarding process will be totally digital on the 'StAR NPS' platform, with subscriber details gathered electronically and KYC confirmed via CKYC and/or DigiLocker-based verification processes. Upon the successful completion of KYC and onboarding formalities, an NPS subscriber will initiate the first contribution through the platform.

The contribution will be directly remitted to the Trustee Bank. Upon the confirmation of the receipt of funds, PRAN will be generated through integration with CRA systems.

StAR NPS platform charges

The onboarding of NPS accounts under this framework would cost Rs 200 plus any applicable taxes. Any charges levied for access and the utilisation of the ‘StAR NPS’ platform will be borne by the respective PoP.

Can subscribers choose their pension fund?

PFRDA has clarified that subscribers will continue to have the freedom to choose their pension fund manager, investment option and asset allocation under the StAR NPS platform.

What services can currently be accessed through StAR NPS?

At present, the platform can be used for:

Onboarding new NPS subscribers

Making the initial contribution at the time of registration

Processing subsequent NPS contributions after account opening

Key compliance requirements for PoPs for using StAR NPS platform

PoPs wishing to use the StAR NPS platform will be required to enter into an End User Agreement with BTPL.

PFRDA has also clarified that the introduction of the platform does not transfer or dilute any regulatory responsibility of PoPs. Exit and withdrawal requests will continue to be processed under the existing PFRDA regulations.

Further, any significant changes to the platform, its processes or architecture will require prior approval from PFRDA.

BTPL will be responsible for ensuring system availability, data security and interoperability across entities within the NPS ecosystem.

Who is eligible to use the StAR NPS platform?

Currently, the framework is applicable only to:

Resident Indian individuals

Individuals aged 18 years and above and up to 85 years