- Advertisement -
Home Personal Finance Golden opportunity for those who invest in NPS, you will get the...

Golden opportunity for those who invest in NPS, you will get the benefit of NAV as soon as you invest

0
NPS

NPS Rules: If you also invest in NPS, then this news is useful for you. Yes, the Pension Fund Regulatory and Development Authority (PFRDA) is going to implement the T+0 settlement system for NPS holders. This simply means that now the NPS contribution received by the trustee bank by 11 am (T) on any settlement day will be invested on the same day. This will give NPS investors the benefit of the net asset value (NAV) of the same day.

Till now investments were made on T+1 basis

According to the statement, till now the settlement of the investment received by the trustee bank is invested on the next day (T+1). This means that the contribution received up to a day in advance is invested the next day. PFRDA said that the contribution received till 9:30 am on any settlement day was already considered for investment on the same day. Now, the contribution amount received till 11 am will also be invested on the same day with the applicable NAV.

Customers will be able to get more benefits than before

According to the statement, PFRDA has advised the ‘Point of Presence’ (POP), Nodal Office and NPS Trust for e-NPS to make their NPS operations in accordance with the revised timeline. This will benefit the customers in the right way. Earlier, there was a difference of one day in investing the deposited money. Because they were invested on the next business day (T + 1).

Investing in NPS will become easier and faster than before

Now according to the new rule, this system has become better than before for investors. Now the de-remitted money deposited till 11 am will also be invested on the same day and that too according to the applicable net asset value (NAV) of that day. Pension Fund Regulatory and Development Authority (PFRDA) has made some changes to get benefits in NPS soon. After these changes, the work of investing in NPS will become easier and faster.

Let us tell you that the pension regulator added 9.47 lakh new subscribers from non-government sectors to NPS in the year 2023-24, which increased the investment amount of NPS by 30.5%. It increased to Rs 11.73 lakh crore on an annual basis. As of 31 May 2024, the total base of NPS subscribers is 18 crore. As of June 20, 2024, the total enrollment under Atal Pension Yojana (APY) crossed 6.62 crore, out of which more than 1.2 crore enrollments were made in 2023-24.

Read Also: 

- Advertisement -DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com

Exit mobile version