NPS Funding Withdrawal Times Were Cut In Half
The Pension Fund Regulatory and Development Authority (PFRDA) halved the processing time.
For withdrawing funds under the National Pension System (NPS).
Requests can now be processed within two days after they are submitted.
The withdrawal requests of subscribers at the time of exit will now be executed on working/settlement days.
PFRDA, central accounting authorities (CIA),
pension funds (PF) and custodian intermediaries have improved the system interface.
Enhancing their IT capabilities, reducing the timelines for various transactions under the National Pension Scheme.