How To Activate NPS D-Remit Account?
The Direct remittance (D-Remit) facility allows you to get the same-day NAV on your investments by registering a Virtual Account Number for making seamless investment directly through your bank account. You may "Generate Virtual ID" for D-Remit process for both Tier I and Tier II accounts.
Given below are the steps to create and activate the D-Remit account:
- Choose your CRA to activate / contribute through D-Remit Enter your credentials as requested.
- Create a virtual account.
- After the virtual account is created, the next step is to add it as a beneficiary. For this, log in to the internet banking facility of your bank account and add the virtual account ID created as the 'Beneficiary Account'. Enter your registered name as the 'Beneficiary'.
- Input the IFSC code of the Trustee Bank and enter the account type as 'Current', if required.
- You can now get same day NAV if Trustee Bank receives the funds before the cut-off time of 11:00 AM on any working day. Beyond the cut-off time of 11:00 AM, you will get the subsequent day NAV.
- The Virtual Account will be registered/available after T+1 working day (subject to Trustee Bank confirmation), T being date of registration of virtual account in CRA system
- Virtual Account Number will remain same for all the subsequent contribution transactions for your PRAN and Tier Type.
Important FAQs
What is the minimum contribution that can be made via the D-Remit facility?
You can contribute a minimum amount of ₹500 to NPS account via the D-Remit facility.
Can I enable auto debit to make my contributions?
You can enable periodic auto debit in your bank account for making NPS contributions.
What is the cost of availing of the D-Remit facility?
At present, there are no charges for creating a virtual ID and availing the benefit of the D-Remit facility.