Classroom
oi-Roshni Agarwal
As per the PFRDA round dated August 11, 2022, PFRDA has provide you with the UPI deal with for depositing contributions in the direction of NPS account through D-Remit. Presently, NPS subscribers deposit their voluntary contributions underneath D-Remit into Tier I/II from the online banking account of the Subscribers Financial institution Account by utilizing IMPS/NEFT/RTGS. “Now, the contributions by means of UPI is enabled to additional ease the method of depositing contributions. The UPI deal with for the D- Remit is PFRDA.15digitVirtualAccount@axisbank. You will need to notice that D Remit digital Account is completely different from the related Everlasting Account Quantity (PRAN) and it begins from both 6001 or 6002. D remit Digital Account no can be completely different for Tier I & II”, says the round.
Below D-Remit, the contributions acquired by the Trustee Financial institution (TB) earlier than 09:30 AM shall be thought of for funding on the identical day. The contributions acquired after 09:30 AM shall be thought of for funding on the subsequent funding day as per the rules.
Advantages of D-Remit
The identical round has additional highlighted the advantages of D-Remit together with Similar Day Funding/NAV, Facility of establishing periodical auto debit viz month-to-month, quarterly, half yearly and so forth, Possibility for one time or common contribution, Ease of modifying the quantity/periodicity auto debit, allow/pause Auto debit as per comfort, Optimizing the funding profit although Standing Directions and rupee price averaging, long run retirement wealth creation et
The right way to create Digital account quantity and Remit NPS contribution through UPI?
Step 1: NPS subscriber wants to go to eNPS website on CRA system
https://cra-nsdl.com/CRAOnline/VirtualIdCreation.html
or
https://nps.kfintech.com/dremit/prelogindremit/
Step 2: Present particulars for verification of PRAN
Step 3: Submit OTP acquired on cell quantity or e-mail ID
Step 4: Choose the account i.e. NPS Tier I or Tier II for which the digital account is to be established
Step 5: Learn and provides your Consent: I hereby declare that the contribution paid by me has been derived from my legally declared and assessed sources of earnings. I perceive that NPS belief has the proper to peruse my monetary profile or share the knowledge with different authorities authorities. I additional agree that NPS belief has the proper to shut my PRAN in case I’m discovered violating the availability of any legislation regarding prevention of cash laundering.
Step 6. Click on on Generate Digital account, request is then handed on to the TB, and an acknowledgment quantity is generated. Separate quantity is created for every sort of NPS account.
Step 7:Within the UPI deal with, enter the 15-digit Digital Account No. within the format, ‘PFRDA.15digitVirtualAccount@axisbank’ for remitting the funds to PRAN
Step 8: Similar day NAV if funds acquired on T-day until 9:30AM on any working day. Contributions acquired publish 9:30AM shall be invested on the subsequent working day
Story first printed: Monday, August 22, 2022, 15:38 [IST]