PFRDA allows NPS subscribers to contribute via UPI QR code

Pension fund regulator PFRDA allowed National Pension System (NPS) subscribers to deposit their contributions directly under the DRemit process through the Unified Payments Interface (UPI) QR code.

This advancement aims to simplify the contribution process, making it more accessible and efficient for NPS participants, the Pension Fund Regulatory and Development Authority (PFRDA) said in a statement. The National Pension System (NPS) has long been a reliable savings avenue for those looking to secure their financial futures, it said.