If you also invest in the National Pension System (NPS), then this news is very useful for you. Pension Fund Regulatory and Development Authority is going to implement a T+0 settlement system for NPS account holders. This simply means that now the NPS contribution received by the trustee bank till 11 am (T) on any settlement day will be invested on the same day.

With this revolutionary change, NPS investors will get the benefit of the Net Asset Value (NAV) of the same day, which will have an immediate effect on their investment. So let’s know what benefits NPS investors are going to get from this new rule.

Now investment will be done on the same day, not T+1

According to the statement of PFRDA, till now the settlement of the investment received by the trustee bank was invested the next day (T+1). That is the contribution received till a day before was invested the next day.

PFRDA said that contributions received by 9:30 am on any settlement day were already considered for investment on the same day. Now, the contribution amount received by 11 am will also be invested on the same day with the applicable NAV. This change will help investors see immediate returns on their investments.

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Customers will get more benefits than before

PFRDA has advised the NPS Trust for ‘Point of Presence’ (POP), Nodal Office and e-NPS to make their NPS processes in line with the revised timelines. This will benefit the customers properly. Earlier, there was a gap of one day in the investment of the deposited money, as they were invested on the next business day (T+1). Now this gap has been eliminated, so that investors will start getting immediate benefits on their investment.

Investing in NPS will now be even easier and faster

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 as per the applicable net asset value (NAV) of the same day.

The Pension Fund Regulatory and Development Authority (PFRDA) has made some important changes in NPS to get quick benefits. After these changes, the work of investing in NPS will become easier and faster than ever. This is a big incentive for investors to invest in NPS and secure their future.

The growing popularity of NPS

Let us tell you that the pension regulator added 9.47 lakh new subscribers to NPS from non-government sectors in the year 2023-24, increasing NPS investment by 30.5% to ₹ 11.73 lakh crore on an annual basis. As of May 31, 2024, the total base of NPS subscribers is 18 crore.

As of 20 June 2024, the total enrollment under Atal Pension Yojana (APY) has crossed 6.62 crores, out of which more than 1.2 crore enrollments took place in 2023-24. These figures show that people’s confidence in pension schemes like NPS and APY is constantly increasing.

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