NPS Rules: If you also invest in NPS then this news is useful for you. Yes, Pension Fund Regulatory and Development Authority (PFRDA) is going to implement 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 investments received by the Trustee Bank is done on the next day (T+1). This means that the contributions received till one day before are invested on the next day. PFRDA said that contributions received till 9:30 am on any settlement day were already considered for investment on the same day. Now, contributions received till 11 am will also be invested on the same day with the applicable NAV.
Get more benefits than before
According to the statement, PFRDA has advised the ‘Point of Presence’ (POP), Nodal Offices and NPS Trusts for e-NPS to make their NPS operations in line with the revised timelines. This will help the customers get the right benefits. 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
Now, according to the new rules, this system has become better for investors. Now, the de-remitted money deposited till 11 am will 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 in NPS to get quick benefits. After these changes, the work of investing in NPS will become easier and faster.
