SmartAPY
Comprehensive APY & KVP Distribution Platform for Banks
Easy and hassle free subscription with auto Debit facility
Manage APY distribution at lower TCO
Supports Branch & Internet channel
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
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
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
Reports
- Acknowledgement slip generation
- SI Registration report
- SI due for the day
- SI status report
- Collection summary report
- APY account status report
Benefits
User login & access rights control, AD Authentication
Provision of SMS & Emailer alerts (Customizable)
Facility for modification of Subscriber details (i.e Personal / Nominee / Pension details)
Provision to generate required files (SRF/SMF/SCF/DCF) to be uploaded on NSDL website
Supports Pension upgrade/Downgrade, APY Closure, Spouse continuation.
EOD and BOD processes for SI execution, SRF/SCF file generation
Overdue Penalty calculation