Have opened directly on NSDL eNPS. UI is poor but it’ll hopefully improve. I don’t interact with it much so it’s just setup account once and then I enabled auto debit.
You can also contribute directly to a UPI ID so don’t need to open site. From their site,
For making Instant Contribution through UPI, kindly use UPI ID - PFRDA.15DigitVirtualAccount@axisbank where,15 Digit Virtual Account starts with 600101 for Tier I and 600102 for Tier II
I think Zerodha has higher charges, including per transaction. Have not compared directly so might be wrong.
Entities like SBI or Zerodha are simply POPs (Point of Presence) and are layers built on top of CRAs (Central Recordkeeping Agencies) which as of now are only three.
NSDL, Kfintech (Karvy) and CAMS.
There is no extra security as such when you go with any of the POPs. All POPs ultimately keep the records with one of the 3 CRAs above, moreover their overall charge will always be higher than a CRA.
Could have chosen any of the three CRAs. Charges wise all are almost the same.
Heard about bad UI/UX and recurring website issues at Protean (formerly NSDL) while CAMS is a relatively new addition (so was unsure about them), hence went ahead with Kfintech.
Protean web contribution barely works . The eNPS app seem ok’ish. Workable enough to contribute. So long it works, it’s easy to direct invest and no need of POPs. No need of fancy or glamour UIs .
Contribution via HDFC pension charges 45 rupees approximately per every 5000 rupees (inclusive of GST).
If any new POP has to come up, they must show a real usecase of that 30 or so rupees towards something that can be justifiable.
What he said is still hold true . Google paid 3B (?) USD or so for illegal use of data. But that’s only a fraction of profits. Apple, and specifically M$ loves to mine the data out of the win 11. Amazon app on your phone is a silent consumer of your data though you would only open it few times a month or year. The same is in Europe, though Europe has strict laws about privacy. Once you click “accept all cookies” without looking at “manage my settings/ data / cookies / accept only essential cookies”, you are giving away your privacy rights.
The only way to have the privacy at hand is to have as less virtual interaction as possible , as anonymous as possible, little or no social media, and strict no interconnected devices . This means no internet TV, no Alexa or voice assistants . You didn’t need em in childhood and you don’t need em now.
Keep those apps what really matter and you interact with them in virtual and physical worlds both , delete everything else . This also means not giving up your kyc, not giving up your phone details for a 0 brokerage platforms, quick pay apps, and the list goes on.
The less clutter you have on your phone the better your privacy .