Do you might have a nationwide pension scheme (NPS) account? If sure, there may be some excellent news for you. Now, you possibly can contribute to your account through UPI technique.
The Pension Fund Regulatory and Growth Authority, the nodal company for the NPS, has now launched a brand new UPI deal with for the subscribers to deposit their contributions, Mint reported.
At current, contributions to the pension scheme account have been obtainable utilizing web banking. With the introduction of UPI technique, the contributions have turn out to be straightforward and versatile.
The UPI deal with for the D Remit is: ‘PFRDA.15digitVirtualAccount@axisbank’.
The pension fund physique has additionally acknowledged that the D-remit digital account is completely different from the related Everlasting Retirement Account Quantity (PRAN) which is given to the subscriber and it begins from both 6001 or 6002, the Mint report stated. The D-remit digital account quantity is completely different from the Tier I&II accounts.
The PFRDA stated that below D-Remit, the contributions acquired by the financial institution earlier than 9:30 am might be thought of for funding on the identical day. Whereas the deposits acquired after the talked about time might be thought of on the subsequent day as per the norms.
This is a stepwise course of on tips on how to create a digital account quantity and pay through UPI deal with.
STEP 1: Go browsing to the eNPS web site on the central recordkeeping company (CRA) system.
STEP 2: It is advisable to present particulars to confirm your Everlasting Retirement Account Quantity (PRAN).
STEP 3: You’re going to get an OTP in your cellular quantity or e mail ID.
STEP 4: Choose Account Tier 1 or II for which digital account must be created.
STEP 5: Learn and supply consent.
STEP 6: Choose the choice ‘generate digital account. A request might be despatched to the trustee financial institution. An acknowledgement quantity might be displayed.
STEP 7: Within the UPI deal with, enter the 15-digit VAN within the format. Then sort ‘PFRDA.15digitVirtualAccount@axisbank’ for remitting the funds.
