Positive impactSector
PFRDA brings NPS Tatkal to PhonePe and BHIM: How to open an NPS account online in 3 simple steps?
Mint 1 hr ago·11 Oct 2026, 2:14 am
The Pension Fund Regulatory and Development Authority (PFRDA) has extended the NPS Tatkal service to two popular digital payment apps – PhonePe and BHIM. The move lets eligible users start a National Pension System (NPS) account directly from their smartphones, following a three‑step online registration process.
For retail investors, the integration simplifies the path to a tax‑advantaged retirement product, potentially widening the pool of contributors. Easier access could boost inflows into NPS schemes, which in turn may increase demand for the asset‑management services that manage these funds, benefitting firms in the financial‑services and fintech space.
Investors should keep an eye on adoption metrics, any changes to contribution limits or eligibility, and how quickly other platforms roll out similar features. Tracking the volume of new NPS accounts opened through these apps will give a sense of the initiative’s impact on the broader market.
Excerpt from Mint
PFRDA has made the NPS Tatkal facility available on PhonePe and BHIM, allowing eligible users to open a National Pension System account in three steps. Here is how the digital registration process works, the minimum contribution and what investors should know. The National Pension System (NPS) Tatkal facility is now…Read the original at Mint
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