By this the NAV (Net Asset Value) is safeguarded to the extent possible," PFRDA said. Axis Bank is the Trustee Bank under NPS.The regulator further said nodal officer concerned and subscriber would be informed of the monetisation. "This involves instructions from CRA to Pension Fund Manager on monetising the entire accumulated pension wealth of the subscriber and moving into a separate withdrawals bank account held with Trustee Bank by NPS Trust. NEW DELHI: Investments of NPS subscribers that have not been withdrawn upon superannuation will be monitised automatically and parked in separate accounts to safeguard the pensioners' corpus from market fluctuations.Pension funds invest contribution of subscribers in the National Pension System as per the guidelines prescribed by regulator PFRDA . NSDL is the CRA.

Source: Economic Times June 12, 2016 07:07 UTC