30th June 2018
Dear Partners,
With reference to our earlier communication dated: 26th June 2018; Kindly take note of few other important updates on the Subject.
As a regulatory requirement we shall have to Implement changes related to VID(Virtual Id) in NJ EWA registration hence E Wealth Account System will not be available from 1st July 2018 to 3rd July 2018 due to deployment of changes.
Please note below important points to be taken care.
- Client will have an option to provide either VID or AADHAAR in E wealth account opening module & NSDL portal page while doing ESIGN . In case client has provided AADHAAR then biometric will be mandatory as OTP option is now only be available while using VID.
- E Mandate facility will be available till 29th June 2018 evening. We are in process to take clarification from service provider till that time E Mandate facility will not be available temporary.
- NPS Account & Loan Against Security module will also not be available during deployment period.
Further, we urge you to get all your pending accounts activated before 30th June 2018 so as to avoid any implications of VID. Accounts which are not activated by 30th June 2018 will attract implications of VID as mentioned above.
We are in constant touch with the regulatory authorities and are expecting few amendments, We request you to keep watch on our communications in this regards.
We appreciate your patience and solicit your whole hearted support in complying with the regulatory changes at NJ
Regards,
NJ E Wealth Account
