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Pension Fund Regulatory and Development Authority

Circular no.: PFRDA/2022/20/SUP-TB/1 | Dated: 11th Aug, 2022

All the NPS stakeholders

Subject: Voluntary Contributions under D Remit enabled through UPI

In continuation of our Circular no. PFRDA/2020/44/SUP-CRA/17 dt 01.10.2020 and Circular no. PFRDA/2021/6/SUP-CRA/5 dt 10.03.2021 vide which the features of ‘D-Remit’ and ‘Enablement of IMPS mode of contribution under DRemit’, PFRDA is pleased to launch of UPI handle for depositing contributions through D-Remit for the benefit of Subscribers.

2. PFRDA.15digitVirtualAccount@axisbank: At present, the Subscribers deposit their voluntary contributions under D-Remit into Tier I/II from the net banking account of the Subscribers Bank Account by using IMPS/NEFT/RTGS. Now, the contributions through UPI is enabled to further ease the process of depositing contributions. The UPI handle for the D Remit is PFRDA.15digitVirtualAccount@axisbank. It is important to note that D Remit virtual Account is different from the associated Permanent Account Number (PRAN) and it starts from either 6001 or 6002. D remit Virtual Account no is also different for Tier I & II.

3. Same Day Investment: Under D-Remit, the contributions received by the Trustee Bank (TB) before 09:30 AM shall be considered for investment on the same day. The contributions received after 09:30 AM shall be considered for investment on the next investment day as per the guidelines.

4. Return of UPI contributions into Source Bank Acct no. of the Subscriber as per NPCI norms:

A. Since the minimum value of contribution under D-Remit is equal to or above Rs.500/, those UPI based contributions which are below Rs 500/- shall be returned by TB.

B. Those contributions received for PRANs which are frozen/inactive would be returned by TB post receipt of confirmation from the respective Central Record Keeping Agency (CRA).

5. Benefits of D Remit: Same Day Investment/NAV, Facility of setting up periodical auto debit viz monthly, quarterly, half yearly etc, Option for one time or regular contribution, Ease of modifying the amount/periodicity auto debit, enable/pause Auto debit as per convenience, Optimizing the investment benefit though Standing Instructions and rupee cost averaging, long term retirement wealth creation etc.

A detailed process flow in this regard is attached in the Annexure for ready reference and information of stake holders.

6. The circular is issued under Section 14 of PFRDA Act 2013 and is made available in PFRDA website ( under regulatory framework in the Circular section.

(K. Mohan Gandhi)
Chief General Manager


Process Flow: Creation of Virtual Account Number & Remittance through UPI Handle

Creation of Virtual Account Number & Remittance through UPI Handle

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June 2024