Payment made through BHIM App in NPS will be processed in a single working day, so that your contribution can be invested properly without wasting any time.
NPS contributions through BHIM App: Making contributions to the National Pension System (NPS) has become even easier now. NPCI BHIM Services Limited (NBSL), a subsidiary of the National Payments Corporation of India (NPCI), has started the facility of contribution to NPS through its BHIM app. Payments made through the BHIM app are processed in a single working day, so that your contribution can be invested properly without wasting time.
NPS contribution will be easy through BHIM app
This feature of the BHIM app is operated through Bharat Connect, which provides a seamless, secure and easy retirement savings solution for customers. BHIM app users can now make payments to their NPS account very easily. For this, they will have to provide only mobile number and some basic details.
How to pay in NPS through BHIM app
1. Open BHIM app and go to “Recharge and Bill Pay” section on the home screen and click on “View All”.
2. Go to Other Categories and select “NPS” option.
3. Enter the required details, such as:
– Permanent Retirement Account Number (PRAN) or 10 digit mobile number
– Date of Birth
– Tier (Tier 1 or Tier 2)
– Contribution Amount
4. After ticking the Terms and Conditions check box, tap on “Get Bill Details”.
5. Go to “Bill Info” and check the details of NPS investment and amount.
6. After selecting the preferred payment mode, complete the payment by tapping on “Pay”.
Big step towards financial inclusion
Rahul Handa, Chief Business Officer, NBSL said, “The facility of payment through NPS on BHIM reflects our commitment towards financial inclusion. This step will motivate people towards retirement planning and will help in securing their future.” Nupur Chaturvedi, CEO, NPCI Bharat BillPay Limited (NBBL) said, “We want to make the entire process easy for all citizens by introducing the facility of contribution to NPS through BHIM app.”
Increasing popularity of NPS
The popularity of NPS is continuously increasing in the country. By September 2024, more than 38.25 lakh retail accounts have been added to it. With the introduction of this new facility, more people will now be encouraged to adopt NPS and create a reliable source of income for their retirement. NPCI BHIM Services Limited (NBSL) was established in 2024 as a wholly-owned subsidiary of NPCI. Its main objective is to promote digital payments through BHIM app and provide a safe and easy payment experience to users across the country.
