The Pension Fund Regulatory and Development Authority (PFRDA) on June 26, 2024, issued a circular regarding the Same Day Investment of NPS contributions (T+0) received by Trustee Bank effective from July 01, 2024.
It is stated that TB and CRAs, contributions received by TB till 11 AM (T) on any settlement day will now be considered for same-day investment. This new timeline for same-day investment will be effective from 1st July 2024. Contributions received by TB after 11 AM will be invested the next day (T+1).
The extended timeline for accepting contributions will apply to all types of contributions received by TB from/through Government Nodal Offices, PoPs, eNPS, D-Remit, UPI, etc. D-Remit contributions received by 9:30 AM on any settlement day already considered for same-day investment will also be extended according to the revised timelines of 11 am.
[Circular No. PFRDA/2024/13/SUP-CRA/07]
