The Pension Fund Regulatory and Development Authority (PFRDA) on December 06, 2023, issued a circular regarding the Convenience of NPS Contribution through the Personalized QR Code of D-Remit.
It is stated that the NPS subscribers can now contribute to their NPS accounts using the D-remit based Quick Response (QR) code. The subscribers can scan the QR code and make contributions using any UPI-enabled application. The QR code is unique to each subscriber and can be saved offline for making payments and the QR codes are different for Tier I and Tier II.
Only subscribers who have enabled D-remit ID can make the QR code-based contributions to NPS. The subscribers can create the D-remit ID/Virtual ID on the websites of CRAs.
The process flow to deposit contributions through a QR code is placed in the Annexure for ready reference and the same has been attached to the document below.
[Circular No: PFRDA/2023/35/Sup-CRA/11]
