UPI allows you to instantly and electronically transfer money from your bank account to someone elseвЂ™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 bankвЂ™s UPI app or third-party apps like WhatsApp Pay, Google Pay, BHIM, PhonePe, Paytm, etc.Дepending on the amount and frequency you decide when you help activate your NPS account, you will receive a periodic вЂњcollect requestвЂќ 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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