Functions of Custodian
- Hold the scheme securities in Demat a/c in the name of NPS Trust.
- Undertaking activities as a Domestic Depository in terms of the Depositories Act, 1996 or as permitted by the Securities and Exchange Board of India.
- Providing custodial services to Pension Funds managing the Schemes on behalf of NPS Trust.
- Collection of benefits or rights accruing on the securities.
- Informing Pension Funds about corporate actions
- Maintaining and reconciling records of the securities.
- Additionally, provides valuation services to Pension Funds for computing Scheme NAV