PhonePe users will now find it even easier to contribute to their National Pension System (NPS) accounts.
PhonePe, in partnership with Bharat Connect, has introduced a new feature that allows users to contribute to their NPS accounts easily and securely.
Previously, NPS contributions could only be made through certain websites and banks, but now this feature is accessible to millions of users through the PhonePe app.
What is NPS and why is it important?
The National Pension System (NPS) is a government scheme that helps individuals save for retirement.
By making regular contributions, people can build a substantial retirement fund, ensuring financial security in their post-retirement years.
In addition, investments in NPS provide tax-saving benefits, making it a great investment option.
How to contribute through PhonePe app?
Users can now easily contribute to NPS through PhonePe by following a few simple steps.
First, go to the ‘Recharge and Bill Payment’ section on the PhonePe app’s home screen.
Click ‘View All,’ and then select ‘National Pension System’ (NPS) under the ‘Financial Services and Taxes’ section.
After selecting NPS, users need to enter their NPS account details, including PRAN number, date of birth, tier, and contribution amount.
Finally, the payment can be completed by choosing the preferred payment method.
Simplified Digital Payment for NPS
The partnership between PhonePe and Bharat Connect is highly beneficial for individuals looking to enhance their financial plans using digital platforms.
Previously, people had to rely on banks or specific government portals to contribute to NPS. Now, they can do so in a simpler and more secure way through the PhonePe app.
Overall, the new initiative by PhonePe and Bharat Connect makes contributing to NPS more accessible and inclusive.
This will enable millions of people to secure their financial future more easily than ever.
