NPS units allocation delays

POSTED BY Pradeep.P.Kavi ON February 14, 2012 11:25 pm ONE COMMENT

I have a NPS Tier I A/c and I am not a Govt Employee. I have noticed that Units allocation is not done properly. That is, unlike MF’s units are not allocated based on cut off time of the day. if I invest Rs.500.00 today through SIP, the units are allocated based on NAV of some other date and not today’s date. It varies with as many as 3-8 working days after money has been debited from investors A/c.
I feel that this is some thing unacceptable to any investor.

Can we do something about this?

One reply on this article “NPS units allocation delays”

  1. Dear Pradeep, are you investing online or offline. If offline, when do you present the cheque?

    The delay in realization of amount to the fund, may be a reason of delayed allotment of units.

    Thanks

    Ashal

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