Instruction to stop Facility of Payment of Subscriptions/Contribution to Tier-II Account of NPS through Credit Card: PFRDA Circular dated 03.08.2022
Pension Fund Regulatory and Development Authority
CIR No: PFRDA/2022/18/SUP-POP/02
Point of Presence (PoPs)
Subject: Instruction to stop Facility of Payment of Subscriptions/Contribution to Tier-II Account of NPS through Credit Card – Urgent
The Authority has decided to stop the facility of payment of subscriptions/contributions using credit card as a mode of payment in the Tier-II account of NPS. Accordingly, all PoPs are advised to stop the acceptance of credit card as a mode of payment for the Tier-II account of NPS with immediate effect
2. This circular is issued in exercise of the powers conferred under Section 14 of Pension Fund Regulatory and Development Authority Act, 2013 to protect the interest of subscribers and to regulate, promote and ensure orderly growth of the National Pension System and pension schemes to which the act applies.
3. A copy of this circular is available on the website of PFRDA at www.pfrda.org.in