The Pension Fund Regulatory and Development Authority (PFRDA), on August 4, 2026, issued a circular extending the cut-off time for same-day investment of National Pension System (NPS) contributions received by the Trustee Bank. The cut-off has been revised from 11:00 AM to 1:30 PM on a Business Settlement Day, enabling eligible contributions received within the extended timeline to be considered for investment on the same day.
Under the revised framework, NPS contributions received by the Trustee Bank up to 1:30 PM and successfully matched and booked will be allotted units based on the closing Net Asset Value (NAV) of the same day, in accordance with the existing regulatory framework. The revised timeline applies to all contribution channels, including Government Nodal Offices, Points of Presence (PoPs), eNPS, D-Remit, BBPS, UPI, STAR NPS, Tatkal NPS, and other operational channels.
PFRDA has advised NPS subscribers and intermediaries, including PoPs, Corporates, Government Nodal Offices, and Payment Gateway Service Providers (PGSPs), to initiate fund transfers well in advance to ensure receipt of contributions by the Trustee Bank before the revised cut-off time. All intermediaries have also been directed to align their operational and technology systems with the revised timeline to facilitate seamless implementation of the enhanced same-day investment framework.
[Circular No. PFRDA/2026/42/REG-PF/08]
