Tuesday, July 8, 2025
  • Home
  • National
  • International
  • Movies
  • Technology
  • Business
  • Fitness
  • Lifestyle
  • Punjab
  • Contact us
No Result
View All Result
No Result
View All Result
Home Business

NPS Subscriber? Contribute through IMPS under D Remit and get same-day NAV – Process

by author
March 30, 2021
in Business
0
NPS Subscriber? Contribute through IMPS under D Remit and get same-day NAV – Process
0
SHARES
35
VIEWS
Share on FacebookShare on Twitter


NPS Subscriber, contribution, payment, IMPS, NEFT, same day NAV, NPS accountThe D-Remit mode of contribution is available to subscribers under Government, Non-Government and all Citizens Model.

The Pension Fund Regulatory and Development Authority (PFRDA) has come out with a new option for making contributions to the National Pension System (NPS) account under the Direct Remittance (D-Remit) feature. PFRDA has enabled contributions by subscribers into D Remit by using the Immediate Payment System (IMPS), the instant fund transfer facility provided by the National Payment Corporation of India (NPCI).

Related posts

EXCLUSIVE – Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts

EXCLUSIVE – Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts

June 5, 2023
Why investing just to save tax may be bad for you

Why investing just to save tax may be bad for you

June 5, 2023

Last year, PFRDA had introduced a new mode of payment for the NPS subscribers, called Direct Remittance (D-Remit). The new mode of NPS contributions will enable the NPS subscribers to set up systematic investment through net banking by which periodical and regular contributions can be made into NPS. One can directly invest in NPS from the net banking facility of one’s bank account. And, what’s more, the NPS contribution online payment in the D-Remit mode is free of cost as there is no charge for the transaction done.

The Subscribers could deposit their voluntary contributions under D Remit from the net banking account directly, by using only NEFT or RTGS. Now, the contributions through IMPS are also accepted from March 1, 2021, for the benefit of subscribers. The minimum value of contribution under D Remit should be equal to or above Rs 500.

Under D Remit, the contributions received by the Trustee Bank before 09:30 am on a working day, (post contribution made by the Subscribers), shall be considered for investment on the same day while contributions received by Trustee Bank after 09:30 am shall be considered for investment on the next working day, as per the existing guidelines.

The D-Remit mode of contribution is available to subscribers under Government, Non-Government and all Citizens Model. To make contributions through D-Remit mode, one will have to create a Virtual ID linked to Permanent Remittance Account Number (PRAN) by logging on the account. Thereafter, the subscriber will have to add Virtual ID along with IFSC details as a Beneficiary in their net banking account. Finally, the subscriber can start remitting funds into NPS account as and when required. Further, one can also set up Auto-debit in net banking to keep investing systematically in NPS on a periodic and regular basis similar to SIP in mutual funds.

The investment made in any of the fund options of the National Pension System (NPS) can get you the same-day NAV. The Pension Fund Regulatory and Development Authority (PFRDA) had revised the cut-off timing for giving the NPS subscriber the same day’s NAV.

Effective from 12th November 2020, the timing had been revised and now the voluntary contributions received at Trustee Bank till 9.30 am. on any bank working day (other than Saturday, Sunday and Holidays) would be considered for giving the same day’s NAV. The contributions received post 9.30 am. shall be considered for the next working day NAV.

PFRDA had also extended the option of contribution into NPS (National Pension System) through D-Remit to NRI-NPS subscribers, who can contribute to their NPS accounts from funds in their Non-Resident Ordinary (NRO) or Non-Resident External Account (NRE) accounts

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.





Source link

Previous Post

African talent recruitment company TalentQL joins Techstars to further global ambition – TechCrunch

Next Post

Sensex ends above 50k after 3-day gap, Nifty up 2% as bulls takeover; here's what experts make of trade today

Related Posts

EXCLUSIVE – Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts
Business

EXCLUSIVE – Crypto giant Binance controlled ‘independent’ US affiliate’s bank accounts

June 5, 2023
Why investing just to save tax may be bad for you
Business

Why investing just to save tax may be bad for you

June 5, 2023
Share Market outlook today: Nifty, Bank Nifty may to gain on positive global cues; check support, resistance
Business

Share Market outlook today: Nifty, Bank Nifty may to gain on positive global cues; check support, resistance

June 5, 2023
Startup group of G20 calls for $1-trillion commitment
Business

Startup group of G20 calls for $1-trillion commitment

June 5, 2023
DHARAKSHA: Converting rice straw stubble to sustainable packaging material
Business

DHARAKSHA: Converting rice straw stubble to sustainable packaging material

June 4, 2023
Amrita Hospital, Kochi opens two new research centres; announces Rs 65 Crore for charitable care
Business

Amrita Hospital, Kochi opens two new research centres; announces Rs 65 Crore for charitable care

June 4, 2023
Next Post
Sensex ends above 50k after 3-day gap, Nifty up 2% as bulls takeover; here’s what experts make of trade today

Sensex ends above 50k after 3-day gap, Nifty up 2% as bulls takeover; here's what experts make of trade today

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Income Tax Return filing: Tax changes to keep in mind while filing ITR for AY2020-21

Income Tax Return filing: Tax changes to keep in mind while filing ITR for AY2020-21

5 years ago
Automakers hit a domestic value calculation speed bump on way to Rs 25,938-crore PLI scheme benefits, Auto News, ET Auto

Automakers hit a domestic value calculation speed bump on way to Rs 25,938-crore PLI scheme benefits, Auto News, ET Auto

2 years ago
Australian Open: Novak Djokovic celebrates ‘Orthodox Christmas’ in detention center | Tennis News

Australian Open: Novak Djokovic celebrates ‘Orthodox Christmas’ in detention center | Tennis News

3 years ago
New Cabinet approves Rs 23,123 cr package to boost health infrastructure, focus on child care | India News

New Cabinet approves Rs 23,123 cr package to boost health infrastructure, focus on child care | India News

4 years ago

BROWSE BY CATEGORIES

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

BROWSE BY TOPICS

Architecture culture Fitness indian architecture indian culture indian culture and heritage indian news lifestyle national news Technology technology news Travel travelling

About Us

Awaj Ludhiana Ki

Address

2667/3, Kishore Nagar, Tajpur & Jail Road, Ludhiana – 141008

Recent News

  • From Slave To Superpower – How The U.S. Rose From British Colony To Global Warlord
  • UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support
  • Why Argentina Collapsed 7 Times? PM Modi’s Visit Revives The Story Of A Fallen Nation That Was Richer Than Europe | World News
  • Indians In UAE Gave Up Citizenship, Paid Big For ‘Second Passport’ – Now The West Is Locking Them Out | World News
  • Aamir Khan to be honoured at IFFM 2025 with retrospective and Sitaare Zameen Par spotlight : Bollywood News

Category

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

Search

No Result
View All Result

Email

[email protected]

  • About
  • Advertise
  • Careers

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

No Result
View All Result
  • Home
  • Contact us
  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fashion
  • Fitness
  • Food
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel
  • Punjab

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In