KFin Technologies Limited (KFintech), a Central Recordkeeping Agency (CRA) under the National Pension System (NPS), has enabled instant withdrawals under the NPS Swasthya Scheme in collaboration with Apollo 24/7. The option is available on the Apollo 24/7 payment app and portal and subscribers may link their NPS Swasthya account to meet medical expenses as quickly as making a UPI payment. This allows eligible medical costs to be addressed from NPS Swasthya contributions while the remaining retirement corpus stays invested.

KFintech will perform account validation, transaction processing and settlement within the NPS framework to facilitate payments to healthcare providers. When a payment request is made through the partner network the request will be validated, units will be redeemed as per rules and the payment will be settled to the provider to ensure a compliant experience. Registration for NPS Swasthya is open on the Apollo 24/7 app and the ICICI Prudential Pension Funds website.

The company said that the proof of concept represented a progressive step towards financial inclusion by making retirement solutions responsive to healthcare needs within a regulated structure. It said that such flexibility within a long term retirement system required robust technology and recordkeeping to ensure governance, transparency and rule based processing rather than discretionary access. KFintech noted that its digital architecture provides secure validation, compliant unit redemption and auditable transaction flows to protect subscriber retirement savings.

The initiative underlines the role of technology led recordkeeping in supporting regulatory innovation within the NPS ecosystem and aims to improve accessibility and execution for subscribers under the sandbox framework. The company described the service as an example of how digital platforms can integrate payment rails and pension recordkeeping to address real life healthcare needs without compromising long term retirement goals. KFintech is listed on the National Stock Exchange of India and BSE and said that General Atlantic Singapore Fund Pte Ltd is its promoter.