PFRDA) along with SEBI has now enabled a consolidated view of the personal investments in the securities market with updated mark-to-market values for National Pension System (NPS) subscribers. It includes the investors' Demat account holdings as well as their mutual fund holdings.
According to the PFRDA circular dated August 10, 2023, “PFRDA has integrated the NPS Statement of Transaction (SoT) with CAS. Currently, the NPS SoT is shared on an annual basis either physically or through email, and it can also be viewed online in the CRA login.
Now, PFRDA has enabled CRAs to integrate with depositories, registered with SEBI to provide NPS Subscribers with the option to include NPS transactions in CAS. Till date, nearly 50000 Subscribers have evinced interest and provided their consent to avail the facility.” The following are some key aspects and benefits of including NPS SoT in CAS, according to the PFRDA circular:Consent basis NPS customers will have the option to opt-in to having their NPS SoT included in their CAS.
On each of the aforementioned CRAs' websites, the consent can be given if the Subscriber chooses to opt for this inclusion.Nominal charges Physical statement requests will incur a price of Re 1/, whereas email statement requests will incur a fee of 10 paise. Benefits of Consolidated Account Statement (CAS), according to the circular.a) Simplified Record-Keeping CAS removes the need to keep separate statements for various investments by consolidating the information into a single thorough statement.
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