Lakshmi Vilas Bank, Fisdom launches digital NPS facility

MUMBAI: Fisdom and Lakshmi Vilas Bank have partnered to enable investments in National Pension System (NPS) in a completely digital and paperless manner. This service has been made available on the Fisdom mobile app, and Lakshmi Vilas Bank (LVB) will be the point of presence for the NPS service.

Using the fisdom app, any registered user can invest in NPS within couple of minutes without any paperwork; the user can choose the risk profile and fund they want to invest in. After investments, the user can also track the value of their NPS portfolio on the app.

The Fisdom app includes services like getting the KYC done, investing money in various instruments like mutual funds and pension funds, viewing account summary, withdrawing invested money among many other services.


“It is our continuing endeavor to bring more financial products digitally; through our fintech partner Fisdom, we are glad to bring 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,” said P Mukherjee, MD & CEO, Lakshmi Vilas Bank.