If you also invest in the National Pension System (NPS), then this news is no less than a treasure for you! The Pension Fund Regulatory and Development Authority (PFRDA) is going to implement the T+0 settlement system for NPS account 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. With this, NPS investors will get the benefit of the Net Asset Value (NAV) of the same day, which will make their earnings on investment even faster! This change is going to prove to be a big boost for investors.

Till now investment was done based on T+1

According to the rules till now, the settlement of the investment received by the Trustee Bank was done on the next day (T+1). This meant that the contribution received a day before was 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 till 11 am will also be invested with the NAV applicable on the same day, giving immediate benefits to the investors.

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Customers will get more benefits than before

According to the statement of PFRDA, the NPS Trust for ‘Point of Presence’ (POP), Nodal Office and e-NPS have been advised to carry out its NPS operations as per the revised timelines. This will truly benefit the customers.

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 with this new rule, investors will start getting immediate returns on their hard-earned money.

Time savings, increase in profits.

According to the new rule, this system has now become better than ever for investors. Now the de-remit 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 important changes in NPS to deliver faster benefits. After these changes, the work of investing in NPS will become even easier and faster, which will save investors time and give them better returns.

Increasing 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 31 May 2024, the total base of NPS subscribers is 18 crore.

As of 20 June 2024, the total enrollment under Atal Pension Yojana (APY) crossed 6.62 crore, out of which more than 1.2 crore enrollments took place in 2023-24. These figures show that NPS is rapidly gaining popularity among the people and this new rule will increase its popularity further.

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