- NPS subscribers can now transfer money directly to their NPS accounts from their bank accounts and also get same-day NAV
- Video-based Customer Identification Process will facilitate on-boarding and withdrawals
For the benefit of NPS subscribers, pension fund regulatory body PFRDA has introduced many new facilities that can be done online. Recently, Pension Fund Regulatory and Development Authority or PFRDA launched D-Remit facility that helps National Pension Scheme subscribers transfer money directly to their NPS accounts from their bank accounts and also get same-day NAV. They can also contribute on regular basis, just like systematic investment plan or SIP in mutual funds.
PFRDA had also recently allowed e-sign based online facility for change of nomination. Nomination made under the NPS can modified by a subscriber at any time. Prior to that the regulator allowed video-based customer identification process to further facilitate on-boarding, withdrawals and exit for NPS subscribers.