Chairman, PFRDA launches Bank of India’s UPI enabled digital platform for NPS
Chairman, PFRDA launches Bank of India’s UPI enabled digital platform for NPS
Hyderabad, 16th July 2022: Bank of India today has given a significant boost to its commitment towards the National Pension System (NPS) by launching its digital mode for NPS enrollment in association with K-fintech. Customers can now open the NPS account on their mobile in a hassle free & paperless manner, simply by scanning the QR code.
The new digital platform was inaugurated by Sh. Supratim Bandhyopadhyay, Chairman, Pension Fund Regulatory and Devlopment Authority (PFRDA) in presence of Sh. A K Das (MD & CEO) Bank of India, Sh. Swarup Dasgupta (Executive Director, Bank of India), Sh. M Karthikeyan (Executive Director, Bank of India), Ms Monika Kalia (Executive Director, Bank of India) who also joined the event virtually, from their Corporate Office at Mumbai.
The digital process of account opening is simple, fast and completely paperless making it easier for the customers to open the new account in just a few clicks. Further, new subscribers can also make additional contributions through QR code.
Speaking at the sidelines of the ocassion, Sh. Supratim Bandyopadhyay, Chairman, PFRDA said, “We are happy to announce that Bank of India has lauched its digital mode in association with K-fintech for new NPS registration. I believe that this digital initiative by the Bank will compliment our efforts in a dynamic way in realizing our vision of a pensioned society.”
Sh. A K Das, MD & CEO, Bank of India said, “ The NPS scheme offers number of benefits to subscribers to enhance and secure their future. Through our techological integration with K-fintech, We have made the NPS subscription process easy, fast and hassle free for the customers.” He further added that he firmly believes that this technological advancement will act as a impetus to help further in the growth of NPS accounts signifantly.
Among the other attendees, were Sh. A G Das, Executive Director, PFRDA and Sh. Mono Phukon, CGM PFRDA along with Sh. D S Shekhawat, GM, Government Business Department, BOI and Sh. Mukesh Sharma, ZM, New Delhi, BOI and the K-fintech team.
About Bank of India
Established in 1906, Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was under private ownership and control till July 1969 when it was nationalised along with 13 other banks.
Beginning with one office in Mumbai, with a paid-up capital of Rs.50 lakh and 50 employees, the Bank has made a rapid growth over the years and blossomed into a mighty institution with a strong national presence and sizable international operations. In business volume, the Bank occupies a premier position among the nationalised banks. Presently Bank has over 5000 branches domestic branches loacted all over India besides overseas presence in 18 foreign countries spread over 5 continents – with 45 offices including 4 Subsidiaries, 1 Representative Office and 1 Joint Venture, at key banking and financial centres viz., Tokyo, Singapore, Hong Kong, London, Paris, New York and DIFC Dubai.