Pension Fund Regulatory and Growth Authority of India (PFRDA) has introduced its new UPI deal with for depositing contributions by way of D-Remit for the good thing about Nationwide Pension Funds (NPS) subscribers. Presently, subscribers deposit their voluntary contributions below D-Remit into Tier I/II utilizing IMPS, NEFT and RTGS of their checking account.
PFRDA has now launched its UPI deal with that enables subscribers to make the contribution utilizing this on-line cost technique. This, in accordance with the federal government physique, will ease up the method of depositing contributions below D-Remit.
D-Remit permits customers to make ‘Identical Day’ funding/NAV. It additionally offers subscribers the choice to arrange periodical auto debit – month-to-month, quarterly, half-yearly and yearly. Along with this, it additionally offers customers the choice to switch the quantity, auto debit timeline in addition to allow/pause their auto debit as per their comfort.
PFRDA has launched detailed pointers on the best way to get began with the D-Remit and make a contribution by way of UPI. Right here, we are going to inform you every part it’s good to learn about it together with a step-by-step information on creating Digital Account Quantity & Remittance by way of UPI deal with.
What’s the D-Remit UPI deal with
The UPI-handle for D-Remit is ‘PFRDA.15digitVirtualAccount@axisbank’.
Whether or not D-Remit digital account quantity and related Everlasting Account Quantity similar
It is very important be aware 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 also be completely different for Tier I & II.
What’s the minimal funding worth
The minimal funding worth of contribution, in accordance with PFRDA, is Rs 500. The quantity lower than the minimal worth might be returned by Trustee Financial institution (TB).
What’s the time for the Identical Day Funding
Underneath D-Remit, the contributions acquired by the Trustee Financial institution (TB) earlier than 09:30 am might 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
Steps to create Digital Account Quantity & Remittance by way of UPI deal with
Steps
Head to eNPS web site on CRA system
Protean CRA: https://cra-nsdl.com/CRAOnline/VirtualIdCreation.html
Kfintech CRA: https://nps.kfintech.com/dremit/prelogindremit/
Enter particulars to confirm PRAN
Now, click on on ‘Generate Digital Account’
A request might be forwarded to Trustee Financial institution, and an Acknowledgement Quantity might be displayed. Do be aware that separate quantity is generated for every Tier kind.
Enter the OTP acquired on the cell quantity or electronic mail id
Choose Account-Tier I or II for which Digital Account is to be created
Within the UPI deal with, enter the 15-digit Digital Account No. within the format, ‘PFRDA.15digitVirtualAccount@axisbank’ for remitting the funds to PRAN
That’s it! You can also make your contributions by way of UPI.
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