New Delhi, Aug. 28 -- Tired of waiting two days for your National Pension Scheme (NPS) investment to show up? A facility called D-Remit promises to change that by giving subscribers the same-day net asset value (NAV) on their contributions-cutting the usual T+2 settlement lag.

Typically, NPS transactions take two working days to be processed. That means if you buy units today, you'll only get the NAV applicable two days later. With D-Remit, the process is instant: the money flows directly to the trustee bank (currently Axis Bank), avoiding the detour through central recordkeeping agencies (CRAs) and Points of Presence (PoPs).

How D-Remit works

D-Remit links a subscriber directly with the trustee bank through a virtual account ID. This ...