Rs 200 crore in 6 months! Investors give thumbs up to direct remittance in NPS
Even as the NPS is a market-linked product, earlier the subscribers could not get the NAV of the same day on which they invested the money. With D-Remit, the option to get the same-day NAV is now available under NPS
Aprajita Sharma April 15, 2021 | Updated 15:00 IST
Tier-1 NPS account has a lock-in till the age of 60 years, while tier-2 account is voluntary with flexible investment and withdrawal rules
Launched on October 1 last year, the direct remittance (D-Remit) facility in national pension system (NPS) has received robust response from subscribers. Nearly 2 lakh subscribers opted for it investing more than Rs 200 crore during the last six months as of March 2021, according to pension regulator PFRDA.
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