Good news for those who invest in NPS, the day you invest will get the benefit of NAV

NPS NAV: According to the new rule, this system has become better than before for investors. The de-remit money deposited till 11 am will also be invested on the same day and that too according to the applicable Net Asset Value (NAV) of that day.

NPS Rules: If you also invest in NPS, then this news is of your use. Yes, the Pension Fund Regulatory and Development Authority (PFRDA) is going to implement the T+0 settlement system for NPS holders. This simply means that now the NPS contribution received by the trustee bank till 11 am (T) on the day of any settlement will be invested on the same day. This will give NPS investors the benefit of the same day's Net Asset Value (NAV).

So far investment was done on the basis of T+1

According to the statement, the investment received by the trustee bank till now is settled on the next day (T+1). This means that the contribution received up to one day in advance is invested the next day. PFRDA said contributions received up to 9:30 am on any settlement day were already considered for investment on the same day. Now, the contribution amount received till 11 AM will also be invested on the same day with the applicable NAV.

According to the statement, PFRDA has advised the Point of Presence (POP), Nodal Office and NPS Trust for e-NPS to align their NPS operations with the revised timelines. This will benefit the customers in the right way. Earlier, there was a gap of one day in investing the deposited money. Because they were invested on the next trading day (T+1).

Investing in NPS will be easier and faster than before,

now according to the new rules, this system has 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 according to the applicable Net Asset Value (NAV) of that day. The Pension Fund Regulatory and Development Authority (PFRDA) has made some changes in NPS to get benefits soon. After these changes, the work of investing in NPS will become easier and faster.

Let us tell you that the pension regulator added 9.47 lakh new subscribers from non-government sectors to NPS in the year 2023-24, which increased the amount of investment of NPS by 30.5%. It rose to Rs 11.73 lakh crore on an annual basis. As of 31st May 2024, the total base of NPS subscribers is 18 crore. As on 20th June 2024, the total enrolment under the Atal Pension Yojana (APY) crossed 6.62 crore, out of which more than 1.2 crore enrolments were made in 2023-24.