Fisdom and Lakshmi Vilas Bank have partnered to enable
investments in NPS (National Pension Scheme) in a completely digital and
paperless manner. With this launch Fisdom is the first Fintech company to
provide NPS digitally. 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.
LVB is lining up an array of services as a part of its digital
focus. This association with Fisdom will help the customers plan their finances
in a better way. Using this application, the customer will be able to plan
their investments under the pension scheme in accordance with their goals. 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.
P Mukherjee, MD & CEO, Lakshmi Vilas Bank said, “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”
Peeush Jain, Head of Transformation and Partnerships, Lakshmi
Vilas Bank added, “Going
digital is the way to the future; and with this partnership with Fisdom we will
be able to offer more services to all the customers digitally”
Subramanya SV, CEO and Co-founder of Fisdom stated, “We are delighted to partner with
Lakshmi Vilas Bank to bring NPS to customers across the country. This new
feature of investing in NPS through the Fisdom app, would help everyone make
smart pension related investments for their future in a hassle free way.
Fisdom is a Bangalore
based startup that uses cutting edge technology to solve inherent issues with
financial investments by making investing easy to understand, quick and highly
accessible through a mobile and web app.
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