Smart APY

Digitization of government schemes Atal Pension Yojana (APY) to enable Financial Distributors serve their clients in retirement

Easy and hassle free subscription with auto Debit facility

Manage APY distribution at lower TCO

Supports Branch & Internet channel

Win over your challenges with SmartAPY

SmartAPY is a comprehensive Browser Based solution which offers Back Office & Front Office processing of contributions in APY (Atal Pension System) with precise reporting features.

Integrated SmartAPY suite

Key Features

Operational Convenience

Operational Convenience

Reports

Features

Key Features

  • Capture and process APY request for subscriber registration, subsequent debit of contribution
  • Caters large volume of Subscriber
  • SI Debit execution logic implementation in a. FIFO basis and b. Lump sum basis based on client’s requirement
  • Supports APY FATCA regulations
  • PRAN library maintenance
  • Interface with NSDL for SRF/SCF/SMF file generations
  • Generation of Pullout & Business MIS Report
  • Compliance with PFRDA regulations
  • Designed to accept the APY subscriptions through e-NPS platform using Aadhaar based eKYC.
  • SmartAPY integrates with core banking system using APIs
  • APY On Net application integrated with Internet banking
  • API available for integration with banks retail mobile application

Operational Convenience

  • Two way security and data checks by Maker / Checker Flow.
  • User Level Access Rights.
  • Consolidated Subscriber Registration Form along with data entry validations.
  • Initial Contribution Transaction and Auto Allocation of PRAN.
  • SI Execution for Contribution Charges, Overdue Interest.
  • Subscriber SI Auto Closure at the age of 60 years.
  • Integrations with Core Banking for Customer & bank account data, Fund Transfer API
  • NFT available through branch module

Operational Convenience

  • Two way security and data checks by Maker / Checker Flow.
  • User Level Access Rights.
  • Consolidated Subscriber Registration Form along with data entry validations.
  • Initial Contribution Transaction and Auto Allocation of PRAN.
  • SI Execution for Contribution Charges, Overdue Interest.
  • Subscriber SI Auto Closure at the age of 60 years.
  • Integrations with Core Banking for Customer & bank account data, Fund Transfer API
  • NFT available through branch module

Reports

  • Acknowledgement slip generation
  • SI Registration report
  • SI due for the day
  • SI status report
  • Collection summary report
  • APY account status report

Benefits

User login & access rights control, AD Authentication

Provision of SMS & Emailer alerts (Customizable)

Facility for modification of Subscriber details (i.e Personal / Nominee / Pension details)

Provision to generate required files (SRF/SMF/SCF/DCF) to be uploaded on NSDL website

Supports Pension upgrade/Downgrade, APY Closure, Spouse continuation.

EOD and BOD processes for SI execution, SRF/SCF file generation

Overdue Penalty calculation