Smart APY

Digitization of government schemes Atal Pension Yojana (APY) to enable Financial Distributors serve their clients in retirement
[asvc_list_item icon_fontawesome=”” icon_spacing=”0px”]

Easy and hassle free subscription with auto Debit facility[/asvc_list_item][asvc_list_item icon_fontawesome=”” icon_spacing=”0px”]

Manage APY distribution at lower TCO[/asvc_list_item][asvc_list_item icon_fontawesome=”” icon_spacing=”0px”]

Supports Branch & Internet channel[/asvc_list_item]

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

Features

smartapuy key 1

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
smartapy key
smartapy key

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
smartapy report

Reports

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

Benefits

1 19

User login & access rights control, AD Authentication

Provision of SMS & Emailer alerts (Customizable)

3 18

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

4 13

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

5 10

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

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

7 2

Overdue Penalty calculation