KFin Technologies Limited (KFintech), acting as a Central Recordkeeping Agency (CRA) for the National Pension System (NPS), is facilitating instant withdrawal under the new NPS Swasthya Scheme. This initiative, developed in partnership with Apollo 24/7, allows subscribers to pay for eligible medical expenses directly from their NPS contributions. The goal is to provide financial relief for healthcare needs while keeping the remaining retirement corpus invested, ensuring a smooth and compliant transaction flow.
KFintech Partners to Launch NPS Healthcare Withdrawal
KFin Technologies Limited, a Central Recordkeeping Agency (CRA) for the National Pension System (NPS), announced on February 24, 2026, that it is enabling instant withdrawal capabilities under the NPS Swasthya Scheme. This new facility has been developed in collaboration with Apollo 24/7 and is integrated into the Apollo 24/7 Payment App and portal.
Subscribers can now link their NPS Swasthya account and utilize their NPS contribution to pay for eligible medical expenses, treating the transaction speed as fast as a UPI payment. This scheme is designed to help individuals manage immediate healthcare costs while ensuring their remaining retirement savings stay invested for the future, thereby maintaining financial discipline.
Role of the Central Recordkeeping Agency
In its capacity as the CRA, KFintech manages account validation, transaction processing, and settlement within the NPS system. When a payment is initiated through the designated partner network, KFintech’s architecture ensures the request is securely validated, the necessary units are redeemed according to applicable rules, and the payment is settled directly to the healthcare provider. This process guarantees a smooth, transparent, and compliant experience for all subscribers.
Management Commentary on Regulatory Innovation
Sreekanth Nadella, Managing Director and CEO of KFin Technologies Limited, commented that the NPS Swasthya Proof of Concept represents a progressive step toward advancing financial inclusion. He emphasized that enabling flexibility within a long-term retirement system requires a robust technology and recordkeeping infrastructure to ensure governance and rule-based processing. KFintech’s digital architecture facilitates secure validation and auditable transaction flows, safeguarding the continuity and integrity of the retirement corpus.
This initiative highlights the critical role of technology-led recordkeeping infrastructure in supporting regulatory innovation within the NPS ecosystem, particularly under the Sandbox framework, by enabling seamless execution and enhanced accessibility for subscribers.
About KFintech
KFin Technologies Limited (“KFintech”) is described as a leading technology-driven financial services platform. It provides comprehensive solutions to the capital markets ecosystem, including services for asset managers and corporate issuers across various asset classes in India. KFintech serves as one of the three operating central record keeping agencies for the National Pension System in India and is listed on both the NSE (KFINTECH) and BSE (543720).
Source: BSE
