Highlights
Instant Bank Account Verification by ‘penny drop .
Know what it means and why money is not deposited.
New Delhi: Pension Fund Regulatory and Development Authority (PFRDA) devised a suitable technology intervention called Instant Bank Account Verification thus using Penny drop facility for the National Pension System (NPS) subscriber who wish to withdraw their funds. In order to ensure that the withdrawal amount is remitted within in the specified timelines in the subscriber s account the penny drop.
In order to resolve the issue of return of remittances and to protect the interest of NPS subscribers with timely credit of amount and for additional due diligence to identify the rightful beneficiary, Instant Bank Account Verification by ‘penny drop’ would be adopted by CRAs, by integrating their IT system and exit framework with the Fin-tech service providers.
NPS Subscribers alert! Know how PFRDA s Penny drop facility will ensure timely credit of fund withdrawal
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NPS Withdrawal: PFRDA Launches Instant Verification of Bank Account For Timely Credit of Funds
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NPS exits: PFRDA asks CRAs to do Instant Bank Account Verification
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Temporary infrastructure Innovation Fund
A lack of access can hamper the management of woodlands and the extraction of timber. Find out how you can apply for funding to test your innovative idea for using temporary roading, bridges, log chutes and other equipment to access and improve hard to reach vulnerable woodlands.
From: Contents
About the Innovation Fund
The aim of Woods into Management (WIM), as part of government’s Nature for Climate Fund, is to encourage and broaden innovation in forestry that results in improved ecological condition of existing woodlands.
Lack of vehicular access is often a constraint on operations designed to improve the condition of neglected, under managed or degraded woodland. The installation of permanent vehicular access infrastructure, for which existing grant aid may be available, is frequently prohibitively uneconomic, considering the volumes of timber likely to be mobilised, or inappropriate for crossing non-woodland areas. It ha