Bengaluru-based start-up Fisdom and Lakshmi Vilas Bank have entered into a partnership to enable investments in the National Pension Scheme (NPS) in a completely digital and paperless manner.
Fisdom provides the NPS digitally through its mobile app with which any registered user can invest in the NPS within a couple of minutes, according to a statement.
Under the partnership, the customers of LVB will be able to plan their investments under the pension scheme in accordance with their goals.
The Fisdom app provides services such as getting KYC done, investing money in various instruments like mutual funds and pension funds, viewing account summary, and withdrawing invested money.
“Through our fintech partner Fisdom, we are glad to bring the NPS for everyone and to encourage them to invest smarter. This association will be part of our broader focus on diversifying and offering products and services in the banking and financial space,” P Mukherjee, MD and CEO, Lakshmi Vilas Bank, said.
“This new feature of investing in the NPS through the Fisdom app would help everyone make smart pension-related investments for their future in a hassle-free way,” said SV Subramanya, CEO and Co-founder of Fisdom.