• About
  • Advertise
  • Privacy & Policy
  • Contact
inphinity
Advertisement
  • Home
  • Latest Job
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Car & Bike
  • Cricket
  • Review
  • Cricket
  • Privacy Policy
No Result
View All Result
  • Home
  • Latest Job
  • News
  • Tech
  • Entertainment
  • Lifestyle
  • Car & Bike
  • Cricket
  • Review
  • Cricket
  • Privacy Policy
No Result
View All Result
inphinity logo
No Result
View All Result
Home Tech

UPI applicable on NPS & Atal Pension Yojana

Aviral by Aviral
August 17, 2022
in Tech, Apps, Govt Scheme, Politics
0
pension
29
SHARES
222
VIEWS
  • Those who have signed up for the National Pension System (NPS) or the Atal Pension Yojana (APY) may now do so using a new online payment system.

  • The Pension Fund Regulatory and Development Authority (PFRDA) has announced that it would accept UPI donations from subscribers of its two pension plans.

  • Direct Remit (D-Remit) allows NPS and APY members to transfer funds from a netbanking account via IMPS, NEFT, or RTGS to make voluntary contributions to Tier I or Tier II.”Making deposits is already a breeze, and now it’s even simpler since UPI donations are supported.

  • There is also a distinction between Tier I and II with regards to the D remit Virtual Account number.

  • All UPI payments will be refunded to the Subscriber’s original bank account as per NPCI regulations.

Those who have signed up for the National Pension System (NPS) or the Atal Pension Yojana (APY) may now do so using a new online payment system. The Pension Fund Regulatory and Development Authority (PFRDA) has announced that it would accept UPI donations from subscribers of its two pension plans. Direct Remit (D-Remit) allows NPS and APY members to transfer funds from a netbanking account via IMPS, NEFT, or RTGS to make voluntary contributions to Tier I or Tier II.

“Making deposits is already a breeze, and now it’s even simpler since UPI donations are supported. For the D Remit, the UPI address is PFRDA.15digitVirtualAccount@axisbank “According to a press statement from the Pension Fund Regulatory and Development Authority (PFRDA). It further reminded users that the Permanent Account Number (PRAN) connected with their D Remit virtual account begins with 6001 or 6002. There is also a distinction between Tier I and II with regards to the D remit Virtual Account number.

Funding on the same day it’s received

According to the PFRDA, if a contribution is made before 9:30 AM, it will be credited for the day’s investment if it is received before the end of the day.

All UPI payments will be refunded to the Subscriber’s original bank account as per NPCI regulations. If a donation made through UPI is less than Rs500, TB will refund it since that’s the minimal amount required for a contribution under D-Remit. After receiving confirmation from the relevant Central Record Keeping Agency, TB will repay any donations made on behalf of frozen or inactive PRANs (CRA).

Two programmes run by the PFRDA Organized and unorganised workers in the economy get NPS and APY, respectively.

Employees of the central government (other than the armed forces) who began their careers on or after January 1, 2004 are required by law to enrol in the NPS, which was implemented in December 2003. Its voluntary reach was extended in May 2009 to include the private and unorganised sector. Employers in the corporate world often provide their workers with NPS, either as a requirement or an option.

Tags: direct remitpension fund regulatory and development authoritypfrdasource banksubscriberupi
Previous Post

Fined imposed on Flipkart for selling poor quality pressure cookers | CCPA takes action

Next Post

TikTok & Alibaba share algorithm with Chinese government

Aviral

Aviral

Next Post
TikTok & Alibaba share algorithm with Chinese government

TikTok & Alibaba share algorithm with Chinese government

Leave a Reply Cancel reply

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

Stay Connected

  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
ssc X

SSC Selection Post Phase X Exam Status / Admit Card Download 2022

July 25, 2022
UPPCL Lttd

UPPCL Computer Assistant Online Form 2022

July 30, 2022
Ross taylor

Ross Taylor talks about racism in New Zealand cricket

August 15, 2022
IIT JAM Admission Online Form 2023

IIT JAM Admission Online Form 2023

July 29, 2022
powder

5 things to do this summer 2022

0
ssc X

SSC Selection Post Phase X Exam Status / Admit Card Download 2022

0
IIT JAM Admission Online Form 2023

IIT JAM Admission Online Form 2023

0
UPPCL Lttd

UPPCL Computer Assistant Online Form 2022

0
Akram lashes out at PCB after Afridi's huge revelation on Shaheen's rehab: 'Yeh ladke ko hum nehin dekhenge toh...'

Akram lashes out at PCB after Afridi’s huge revelation on Shaheen’s rehab: ‘Yeh ladke ko hum nehin dekhenge toh…’

September 16, 2022
Former wicketkeeper's warning for India ahead of T20 WC: 'Earlier Pakistan had no chance of beating us in World Cups'

Former wicketkeeper’s warning for India ahead of T20 WC: ‘Earlier Pakistan had no chance of beating us in World Cups’

September 16, 2022
Google

Several app developers may soon have to pay 6% commission to Google: Report

September 16, 2022
'Jab chief selector average hoga, unke decision bhi average honge': Shoaib Akhtar fumes at Pakistan's T20 WC selection

‘Jab chief selector average hoga, unke decision bhi average honge’: Shoaib Akhtar fumes at Pakistan’s T20 WC selection

September 16, 2022

Recent News

Akram lashes out at PCB after Afridi's huge revelation on Shaheen's rehab: 'Yeh ladke ko hum nehin dekhenge toh...'

Akram lashes out at PCB after Afridi’s huge revelation on Shaheen’s rehab: ‘Yeh ladke ko hum nehin dekhenge toh…’

September 16, 2022
Former wicketkeeper's warning for India ahead of T20 WC: 'Earlier Pakistan had no chance of beating us in World Cups'

Former wicketkeeper’s warning for India ahead of T20 WC: ‘Earlier Pakistan had no chance of beating us in World Cups’

September 16, 2022
Google

Several app developers may soon have to pay 6% commission to Google: Report

September 16, 2022
'Jab chief selector average hoga, unke decision bhi average honge': Shoaib Akhtar fumes at Pakistan's T20 WC selection

‘Jab chief selector average hoga, unke decision bhi average honge’: Shoaib Akhtar fumes at Pakistan’s T20 WC selection

September 16, 2022
inphinity

inphiity.in for your JOB-TECH-NEWS update.

Follow Us

Browse by Category

  • Admission
  • Admit Card
  • Apps
  • Bike
  • Business
  • Car
  • Car & Bike
  • Cricket
  • Entertainment
  • Fashion
  • Food
  • Football
  • Gaming
  • Govt Scheme
  • Health
  • Latest Job
  • Lifestyle
  • Movie
  • New Job
  • News
  • Phone
  • Politics
  • Review
  • Science
  • Startup
  • Tech
  • Travel
  • Wearable
  • World

Recent News

Akram lashes out at PCB after Afridi's huge revelation on Shaheen's rehab: 'Yeh ladke ko hum nehin dekhenge toh...'

Akram lashes out at PCB after Afridi’s huge revelation on Shaheen’s rehab: ‘Yeh ladke ko hum nehin dekhenge toh…’

September 16, 2022
Former wicketkeeper's warning for India ahead of T20 WC: 'Earlier Pakistan had no chance of beating us in World Cups'

Former wicketkeeper’s warning for India ahead of T20 WC: ‘Earlier Pakistan had no chance of beating us in World Cups’

September 16, 2022
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home 1
  • Latest Job
  • Tech
  • Car & Bike
  • Cricket

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.