5 Major Changes in National Pension Scheme

Improved Efficiency of NPS

01

The withdrawal request from NPS at the time of exit is reduced from T+4 days to T+2 days.

Credit Card Payments

02

No payment through credit card for the payment of subscription/contribution for Tier-II account.

Credit Card Payments

02

Payment through credit card stopped with immediate effect for the Tier-II account.

UPI Facility

03

Now NPS subscribers can deposit money in Tier-I/II accounts through UPI mode under D-Remit.

UPI Facility

03

The minimum value of contribution through UPI mode under D-Remit is equal to or above Rs.500.

E-Nomination Facility

04

Existing subscribers can change nominations through the e-Nomination facility

E-Nomination Facility

04

Nodal officer has to initiate action within 30 days for nomination else CRA will accept it by default in the system.

Digital Life Certificate

05

Pensioners now can submit Aadhaar verified digital life certificates online.

Digital Life Certificate

05

This can be done through AadhaarFaceRd app.

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