If you also invest in NPS, then this news is very useful for you. 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 contributions received by the trustee bank by 11 am (T) on any settlement day will be invested on the same day. This change will make your investment even faster and more effective.

Earlier investments were made on a T+1 basis

According to the statement, till now the settlement of investments received by the trustee bank was invested the next day (T+1). This means that the contribution received a day earlier is invested the next day. PFRDA said that the contribution received by 9:30 am on any settlement day was 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.

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Customers will get more benefits than before

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

Investing in NPS will be 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 as per the applicable Net Asset Value (NAV) of that day. The 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.

The growing popularity of NPS and Atal Pension Yojana

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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 the investment amount of NPS by 30.5%. It increased to Rs 11.73 lakh crore on an annual basis. As of May 31, 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 enrolments were made in 2023-24.