KFintech Enables NPS Swasthya Withdrawals For Healthcare

04 Mar 2026 CW Team

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.

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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..