Endorsers of National Pension System (NPS) and Atal Pension Yojana (APY) can now add to their accounts through Unified Payments Interface (UPI), the country’s moment continuous installment framework.
The Pension Fund Regulatory and Development Authority (PFRDA) has launched a UPI handle for keeping commitments through D-Remit to help supporters. As of now, the commitments were helped out through net financial record by utilizing IMPS/NEFT/RTGS.
“Presently, the commitments through UPI is empowered to additional facilitate the method involved with storing commitments. The UPI handle for the D Remit is PFRDA.15digitVirtualAccount@axisbank,” the Pension Fund Regulatory and Development Authority (PFRDA) said in a delivery.
The PFRDA said commitments got before 9:30 AM will be considered for speculation around the same time, while those after that will be counted for following day venture.
The PFRDA-directed two plans NPS and APY are focused on towards coordinated and chaotic area representatives, individually.
Presented in December 2003, it is required for focal government representatives (with the exception of military) who joined help from January 1, 2004, to buy into NPS. In May 2009, it was stretched out to private and sloppy area on willful premise.
Here are steps to make a virtual record number and make NPS commitments by means of UPI handle:
Stage 1: Log on to the eNPS site on the central recordkeeping agency (CRA) framework.
Stage 2: Provide subtleties to confirm the Permanent Retirement Account Number (PRAN).
Stage 3: Enter the OTP got and select the account (Tier 1 or II) for which virtual account must be made
Stage 4: Further, select the choice ‘create virtual account’. An affirmation number will be shown.
Stage 5: In the UPI handle, enter the 15-digit VAN in the organization. Then type ‘PFRDA.15digitVirtualAccount@axisbank’ for transmitting the assets.
