NPS app lacks important features

To make investing in the National Pension System (NPS) easier, the Pension Fund Regulatory and Development Authority (PFRDA) has recently added more features in its online offering. A subscriber can now transfer funds, change the asset class and allocation ratio, activate Tier-II investments, request for withdrawals, and change the address by using Aadhaar on the internet.  Keeping up with the changing preferences of investors, who are increasingly using their smartphones for financial transactions, the regulator has also released a mobile app.

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