No more hassle with manual transfers for NPS funds! Thanks to the De-Remit feature, you can now handle everything easily. Just make sure you have a virtual ID. In the past, transferring NPS funds meant dealing with tons of paperwork and a bunch of documents, but D-Remit makes it super simple to do it all online.
This feature ensures that your long-term investments stay uninterrupted when you switch fund managers or jobs, keeping your pension contributions steady. To get started with D-Remit, NPS subscribers need to create a Virtual ID linked to their PRAN (Permanent Retirement Account Number) through the CRA system.
You can set up your virtual ID by visiting either of these links: https://cra-nsdl.com/CRAOnline/VirtualIdCreation.html or https://enps.kfintech.com/dremit/prelogindremit/. After that, you’ll receive an OTP on your registered mobile number for verification.
With D-Remit, you can transfer as little as Rs 500, and there’s no extra charge for NPS customers to use this feature by creating a virtual ID.
Once you log into your net banking, just add the Virtual ID as a beneficiary along with the IFSC details of the trustee bank to set up your fund transfer or auto debit. PRDRA suggests labeling your fund transfer through D-Remit as ‘NPS Contribution for D-Remit.’