You would get an SMS from the KCRA confirming that the contributions is credited into your NPS account. How will I know that my contribution has reached my NPS account? You should get an SMS from your bank confirming the UPI payment. When you approve the payment using your UPI PIN, the funds from your bank account will be transferred directly to HDFC Pension’s NPS Scheme account. The “UPI collect request” you get from HDFC Pension will be linked to your NPS account number. How will my contributions flow to my account? In case you do you receive your confirmation for a contribution within an hour, please contact our helpline at 080 2300 2000. Sometimes, the success message or SMS from your bank can take longer. Once you complete a transaction with UPI, you should instantly see a success status on the UPI app screen and also receive an SMS from your bank. What happens once I make a UPI payment into the NPS account? In case you enter the wrong UPI PIN, the transaction will fail.ĭo money transfers happen on UPI only during banking hours?Īll UPI payments are instant and 24/7, regardless of your bank's working hours. What happens if I enter wrong UPI-PIN during a transaction? And your bank's customer support will never ask for it. UPI payment apps do not store or read your UPI-PIN details. Note: Please do not share your UPI-PIN with anyone. You have to enter your UPI-PIN to authorize all bank transactions.
#Pinbox for android code
UPI-PIN (UPI Personal Identification Number) is a 4 to 6-digit pass code that you create or set when you first set up UPI on an app like WhatsApp Pay, Google Pay, BHIM, PayTm or PhonePe. UPI allows you to instantly and electronically transfer money from your bank account to someone else’s bank account without any risk using your mobile. Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an entity regulated by the Reserve Bank of India. Please do not share your UPI PIN with anyone. Your money will be transferred instantly and directly from your bank account to your NPS account with HDFC Pension. You will need to simply enter your UPI PIN on your chosen UPI app to authorize and transfer the payment. You can regularly put money into your NPS account using your bank’s UPI app or third-party apps like WhatsApp Pay, Google Pay, BHIM, PhonePe, Paytm, etc.ĭepending on the amount and frequency you decide when you help activate your NPS account, you will receive a periodic “collect request” from HDFC Pension. How can I use UPI to put money into my NPS account? Please read the Scheme documents carefully before investing. The illustrations shown do not take fees, charges and any government taxes into account. NPS investments are subject to market risk. Actual returns as well as pension benefits and savings values in financial instruments may rise or fall and you should seek appropriate financial advice independently before investing yourself or before encouraging others to do the same in any pension or savings instrument. pinBox Inclusion has no financial liability whatsoever in connection with any decision, observation or conclusion that may be made by any person or entity on the basis of the illustrations presented in this calculator. Neither pinBox Inclusion, nor any NPS product or ecosystem partners guarantee or represent that the assumptions, market returns and calculations expressed or implied, or savings values depicted in this calculator are guaranteed or correct.
Disclaimer: This calculator seeks to only illustrate the power of compounding over multiple year savings horizons and the importance of starting old age savings as early as possible.
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