D-Remit for NRI – NPS Subscribers: PFRDA Circular 03 February, 2021

Homenew pension scheme

D-Remit for NRI – NPS Subscribers: PFRDA Circular 03 February, 2021

D-Remit for NRI - NPS Subscribers: PFRDA Circular February, 2021 PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati Shivaji Bhaw

Increased coverage of employees under National Pension Systemराष्ट्रीय पेंशन योजना के तहत कर्मचारियों के कवरेज में वृद्धि
Activities under National Pension System System (NPS) & NPS Lite-Swavalamban Scheme from March to June 20
Payment of family pension, death gratuity and other dues to the family on death of a Government servant during service: DoT O.M. dated 16-06-2021

D-Remit for NRI – NPS Subscribers: PFRDA Circular February, 2021

PENSION FUND REGULATORY
AND DEVELOPMENT AUTHORITY
B-14/A, Chhatrapati Shivaji Bhawan,
Qutub Institutional Area,
Katwaria Sarai, New Delhi-110016

CIRCULAR

CIR no. PFRDA/2021/4/SUP-CRA/4

February 03, 2021

To,
All stakeholders under NPS

Subject: D-Remit for NRI – NPS Subscribers

Reference may be taken of PFRDA circular no. PFRDA/ 2020/44 /SUP-CRA/17 dt 01.10.2020 (copy enclosed).D Remit or Direct Remittance offers the most convenient mode of depositing voluntary contributions into NPS which also optimizes the long term retirement wealth creation by offering same day NAV. Through D Remit, not only one time contributions can be made but also periodic NPS contributions can be automated for any defined amount and for any defined date from the Subscribers bank account.

2. PFRDA, has now decided to extend the option of contribution into NPS through D Remit to NRI-NPS Subscribers who can contribute to their NPS accounts from funds in their NRO/NRE accounts. Also at the time of withdrawal/ Exit, the proceeds of NPS shall be credited into NRO /NRE account of NRI subscribers and repatriation would be as per applicable FEMA guidelines .

3. Under D Remit, the contributions received at Trustee Bank before 9.30 AM on any bank working day (other than Saturday, Sunday, Bank Holidays etc) shall be considered for same day investment. The amount received post 9.30 AM shall be considered for investment on the next bank working day.

4. Central Record Keeping Agencies (CRAs) are advised to develop the required system level functionalities to enable D Remit for NRI-NPS Subscribers with suitable declaration as mentioned in point no 2, at the earliest.

This circular is issued in exercise of powers conferred under Section 14 of PFRDA Act, 2013 to protect the interests of the Subscribers and is available on PFRDA’s website (www.pfrda.org.in) under Regulatory Framework and in Circular Section of CRA and Trustee Bank.

(K. Mohan Gandhi)
General Manager

D Remit – Mode of depositing Voluntary NPS Contributions – SIP in NPS – PFRDA Circular 1 Oct. 2020

d-remit-for-nri-nps-subscribers-pfrda-circular

Source: Click here to view/download the PDF

COMMENTS

WORDPRESS: 0