Business News Desk,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 any settlement day will be invested on the same day. This will give NPS investors the benefit of the net asset value (NAV) of the same day. Till now the investment was done on the basis of T+1 According to the statement, till now the settlement of the investment received by the trustee bank is invested the next day (T+1). This means that the contribution received till one day before is invested the next day. PFRDA said that the contribution received till 9:30 am on any settlement day was 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.

Customers will be able to get more benefits than before
According to the statement, PFRDA has advised the 'Point of Presence' (POP), Nodal Office and NPS Trust for e-NPS to make their NPS operations consistent with the revised timeline. This will benefit the subscribers in the right way. Earlier, there was a gap of one day in investing the deposited money. Because they were invested on the next business day (T+1).

Investing in NPS will become easier and faster than before
Now according to the new rule, this system has become better for investors than before. Now the D-Remit money deposited till 11 am will also be invested on the same day and that too according to the Net Asset Value (NAV) applicable on that day. The Pension Fund Regulatory and Development Authority (PFRDA) has made some changes in NPS to get quick benefits. 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 investment amount of NPS by 30.5%. It increased to Rs 11.73 lakh crore on an annual basis. The total base of NPS subscribers is 18 crore as on 31 May 2024. As of June 20, 2024, the total enrollment under Atal Pension Yojana (APY) crossed 6.62 crore, out of which more than 1.2 crore enrollments were made in 2023-24.