NBBL Launches National Pension System on Bharat Connect Platform.

Banking & Finance

NPCI Bharat BillPay Limited (NBBL), a subsidiary of the National Payments Corporation of India (NPCI), has partnered with the Pension Fund Regulatory and Development Authority (PFRDA) to integrate the National Pension System (NPS) as a biller category on the Bharat Connect platform, previously known as the Bharat Bill Payment System (BBPS).


      - Individual investors can now easily contribute to their existing NPS accounts through Bharat Connect-enabled platforms.

      - This new category is now active on popular platforms such as Bharat Interface for Money (BHIM), PhonePe, MobiKwik, and Kotak Mahindra Bank’s net banking.

     

Main Points:-   (i) Bharat Connect has successfully onboarded all central record-keeping agencies, including Protean, KFintech, and Computer Age Management Services Limited (CAMS), ensuring that every existing NPS customer can conveniently make contributions through the platform.

      (ii) Additionally, NBBL has collaborated with Axis Bank Limited as a Biller Operating Unit (BOU) and partnered with technology service provider Setu for the integration of NPS within its platform.


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