Big news for PhonePe users. Now PhonePe users will be even easier to contribute to their National Pension System (NPS) account. Yes, you’ve heard it right. PhonePe has launched a new feature in association with Bharat Connect, which will allow users to contribute to their NPS account easily and securely. Earlier this work was done only through some special websites and banks, but now through the PhonePe app, this facility has become available to millions of people.
What is NPS, and why is it important?
NPS is a government scheme that gives people a chance to save for their retirement. Under this plan, people can build a large retirement corpus by making regular contributions, thereby ensuring their post-retirement financial security. Moreover, investments made on NPS also benefit from tax savings, which makes it a great investment option.
How will the PhonePe app contribute?
Through PhonePe, users can now follow just a few simple steps to contribute to NPS. First, go to the ‘Recharge and Bill Payment’ section on the home screen of the PhonePe app. Click on ‘View All’ here, and then the option of ‘National Pension System’ (NPS) will appear in the ‘Financial Services and Taxes’ section. On clicking this, users will have to fill in their NPS account details, such as PRAN number, date of birth, tier, and contribution amount. The payment can then be completed by selecting the preferred payment method.
Easy Digital Payment for NPS
This partnership of PhonePe and Bharat Connect is especially beneficial for those who want to improve their financial plans using the digital platform. Earlier, people used to just resort to banks or some government portals to contribute to NPS, but now they can do it in a more easy and secure way through the PhonePe app.
