New Delhi, Aug. 7 -- The Pension Fund Regulatory and Development Authority (PFRDA) has extended the cut-off time for same-day investment of NPS contributions by two-and-a-hours, giving subscribers more time to qualify for receiving same day's Net Asset Value (NAV) on their investments.

According to a recent circular, NPS contributions received by the trustee bank up to 1:30 pm on a business settlement day will now be considered for same-day investment, compared with the earlier 11 am deadline, provided the transactions are successfully matched and booked.

For eligible contributions, NPS units will be allotted at the closing NAV applicable for the same business day, in line with the existing regulatory framework, the circular noted. The ...