NPS UPI
PFRDA aims NPS expansion via banks, UPI integration; eyes corpus of around Rs 100 lakh crore by 2040
The regulator is looking to accelerate growth beyond the organic expansion of the pension market by using the existing digital financial infrastructure to bring more people into the long-term savings system.
PhonePe rolls out NPS account opening with Rs 250 contribution, no fresh KYC
PhonePe has introduced a digital process for users to open National Pension System accounts. This new facility allows an initial contribution of Rs 250 without needing to upload documents. Users can verify their linked bank accounts using OTPs and make payments through PhonePe UPI. The service is aimed at individuals looking to start retirement planning easily and flexibly. Future expansions will include additional banking partners to enhance accessibility.
Tatkal NPS now available on BHIM app: How to open NPS account in 3 steps
The Tatkal National Pension Scheme (NPS) is now available through the BHIM Payments App for eligible bank customers. This feature simplifies account creation without the need for a physical bank visit.
October 2026 rule changes: No PUC, no fuel, higher Mumbai tolls, UPI charges and 4 more updates
October 2026 brings seven rule and policy changes that could affect motorists, businesses and consumers across India. The updates include Delhi’s no-PUC, no-fuel rule, higher toll rates for commercial vehicles entering Mumbai, UPI charges on certain merchant payments, revised ATM limits for some bank customers, Aadhaar authentication for subsidised LPG and new NPS charges.
India needs to shift more household savings to long-term pension assets: CEA Nageswaran
India needs to encourage households to commit a larger share of their savings to long-term pension products as pension and insurance assets remain a relatively small part of household savings, Chief Economic Adviser V Anantha Nageswaran said, calling for simpler pension products, wider access and stronger retirement-income solutions.
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5 rule changes from October 1: SBI ATM charges, MDR on UPI, bulk FD rates, KYC for LPG subsidy and more
In October 2026, significant changes to banking and finance regulations will take effect, impacting numerous services. Furthermore, the Reserve Bank of India will introduce new disclosure protocols regarding bulk fixed deposits, and UPI transaction fees will be revised for amounts exceeding Rs 2,000 starting October 15.
Banks advise customers to complete essential transactions ahead of 3-day strike
Public sector banks and older generation private banks have issued advisories to customers, urging them to complete essential banking transactions ahead of the three-day strike from September 28 called by the United Forum of Bank Unions (UFBU). To meet customers' banking needs before the three-day nationwide strike, the government has already instructed public sector banks to stay open on Sunday.
Bank strike reason: Why are employees going on a strike from September 28 and threatening indefinite strike from October 26?
Bank strike demands: Public sector bank employees are scheduled to go on strike from September 28 to 30. The demands include implementing a five-day working week among other benefits. The United Forum of Bank Unions represents the majority of banking workforce interests. Customers are advised to manage their banking needs in advance to avoid inconvenience. Banking services will be available on September 27 to ensure minimal disruption during this period.
Banks closed in India for 5 days? SBI & other top lenders send important message before strike
SBI, Bank of Baroda and Canara Bank have advised customers to complete important branch transactions in advance ahead of a proposed bank strike from September 28 to 30, 2026, and use digital and self-service channels during the period.
Bank Strike September 28-30: Why will banks remain closed for 3 days? Check services that may be affected
Bank Strike September 28: UFBU has said its proposed nationwide bank strike from September 28 to 30 will go ahead after a conciliation meeting with the Deputy Chief Labour Commissioner remained inconclusive. The unions, which claim to represent around 90% of bank employees, are primarily seeking a five-day banking week, along with pension and dearness allowance reforms and an option to switch from NPS to OPS.
Global Fintech Fest 2026: PFRDA plans inflation-linked bonds to offer inflation-protected pension returns
India's pension regulator is developing innovative bond issuances for inflation-protected returns. Guidelines for these new products are expected within days, with rollout to follow soon. The PFRDA is also working on a guaranteed-return scheme for non-government employees. This initiative aims to provide more predictable retirement income for subscribers. The regulator also plans to expand pension coverage among informal sector workers.
Max Life Pension Fund discontinues operations: How does it impact its NPS fund subscribers?
Max Life Pension Fund Management Ltd.'s registration is cancelled by PFRDA effective June 2, 2025, following the company's request. All subscribers' funds have been migrated to UTI Pension Fund, and POP services are now with Axis Bank. Max Life PFM is undergoing voluntary liquidation due to rebranding.
NPS rule changes in 2024: Partial withdrawal rule change to NPS Vatsalya; check key changes here
Major changes include the launch of NPS Vatsalaya, NPS via Bharat Bill Payment System, reduced timeline of contributions and more. Here is a look at a few important changes made to NPS in 2024
How to make contributions to NPS account using BHIM app
NPS contributions: NPCI BHIM Services has launched National Pension System (NPS) contributions via the BHIM app, making pension payments easier for millions of Indians. Users can make contributions using just their registered mobile number and minimal customer parameters.
How to invest in NPS: Now make NPS contributions via Bharat Bill Payment System (BBPS); charges, transaction limits
How to invest in NPS: The Pension Fund Regulatory and Development Authority (PFRDA) has added a new option for making NPS contributions through the Bharat Bill Payment System (BBPS). Users can now contribute to the National Pension System (NPS) through various payment apps like PhonePe, BHIM, and others.
New NPS contribution rule: PFRDA reduces timeline of contributions made from July 1; three important things to know
New NPS rules: The new NPS contribution timeline allowing for same-day investment will come into force on July 1, 2024, as per a circular issued by PFRDA on June 28, 2024.
Major changes in UPI 2023: Increase in transaction limits, UPI Lite X, NPS contributions, other big changes made
With more and more people using the Unified Payments Interface (UPI) to make payments, the Reserve Bank of India (RBI) announced various user-friendly measures during the year 2023. Here is a look at some of the important changes made to UPI during the year.
Major NPS rule changes 2023: Systematic Lumpsum Withdrawal facility, NPS Lite exit rules, consolidated statement & more
The Pension Fund Regulatory and Development Authority (PFRDA) has implemented many rule and regulatory changes in 2023 to better facilitate and support NPS subscribers. Here is a look at a few important changes made to NPS in 2023.
How to make NPS contributions using UPI-enabled QR code
The QR code is unique to each subscriber and may be kept offline for payments; the QR codes for Tier I and Tier II are different.
PFRDA allows NPS subscribers to deposit contributions through UPI QR code
Under this new mechanism, subscribers will utilise the UPI QR Code to transfer their contributions. It is important to note that the D-Remit virtual account is distinct from the Permanent Retirement Account Number (PRAN), it said. Furthermore, it said, the virtual account numbers differ for Tier I and Tier II NPS accounts and so do the QR codes. Highlighting benefits of D-Remit, it said, same-day investment can be done, periodic auto debit or One-Time or Regular Contribution can be done.
NPS: 5 key measures taken by PFRDA to enhance the NPS subscribers accessibility
Pension Fund Regulatory and Development Authority (PFRDA)has taken various measures to ease the accessibility of NPS and APY to subscribers. Here are some of the measures.
How to make NPS contributions using UPI
Contributions to the NPS can be made in a number of ways, including cheques, online banking transfer, or UPI. Here is how to make a contribution to one’s NPS account using UPI.
Must-reads from the week: Benefiting from China + 1 strategy, largecap stocks with potential and exporting India’s IT power
A rundown of the five most important, popular and interesting stories on ET Prime this week.
Maximum commission chargeable on NPS account contribution capped at Rs 10,000: PFRDA
A trail commission of 0.20 percent of the NPS D-Remit contribution amount (minimum Rs 15 and maximum Rs 10,000) will be paid to POPs starting on September 1, 2022, according to the Pension Fund Regulatory and Development Authority (PFRDA).
NPS voluntary contributions via D Remit can now be done via UPI
The Pension Fund Regulatory and Development Authority (PFRDA) has now enabled deposit of such contributions through UPI to further ease the deposit process, according to a circular issued on August 12, 2022.
UPI AutoPay: Tata Mutual Fund to offer SIP via UPI Autopay
According to a news release published by CAMS, TATA Mutual Fund has enabled one-time and recurring payments on their digital properties via CAMSPay's UPI AutoPay.
Google Pay users can now use ETMONEY to invest in mutual funds, NPS
The integration of ETMONEY's feature on Google Pay will help its users have a seamless experience without leaving the platform. This collaboration will allow Google Pay users to identify the right MF schemes and invest in them within minutes using their Google account and Unified Payments Interface (UPI) ID.
How to contribute to NPS account using UPI
To be able to make a contribution using UPI, the key requirement is to have a UPI ID. The subscriber needs to download the UPI application of the bank. A UPI id of the subscriber’s choice needs to be registered on the application.
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