Stock Holding Corporation of India Ltd., a leading financial services company, has been appointed as ‘Points of Presence’ (POP) for ‘New Pension System’ (NPS) by ‘Pension Fund Regulatory and Development Authority’ (PFRDA). SHCIL’s designated branches will offer the full spectrum of NPS services to all citizens.
It is expected that millions would join into the NPS and POPs would play a major role in spreading it to all the corners of the country. SHCIL as a POP with its nation wide branch network has embarked on this exiting journey to bring joy to millions of Indians as they age in future. SHCIL is among the early entrants to be registered as POP and has now joined the ranks of large banks and financial institutions. With multitude of financial products in its basket, SHCIL is a one stop solution provider for various financial services. Thus the new services of NPS enhances SHCIL’s role of partnering with millions of citizens to enable their well being during their golden years of life.
About SHCIL: SHCIL is a leading financial services company set up in 1986 by leading financial institutions. The promoter organizations of SHCIL include banks such as IDBI Bank, ICICI Bank and insurance majors such as LIC, GIC, NIA, NIC, TOICL and other institutions such as IFCI and SU-UTI. As the first and one of the largest Depository Participants in the country, it has been playing a pivotal role in the evolution and development of capital market related services. SHCIL has been well acclaimed for its dependable services to institutional and individual customers across the country. SHCIL has earned high reputations for it’s domain expertise and excellence in service delivery standards. SHCIL takes pride in positioning itself as a technology driven and customer focused leader in various financial services and operations oriented services. Please visit the website – www.shcil.com for more details.
SHCIL’s product range comprises of the following: DP and Broking Services for corporate as well as individual entities; Distribution of Investment Products such as Mutual Funds, Insurance–life & non-life, IPOs, Govt. of India Bonds, Capital Gain Bonds, Fixed Deposits and Debentures of reputed companies; Loan against shares, Money Transfer, e-Stamping, and Document Management Services. As a part of its business diversification initiatives in non-capital market areas, SHCIL has launched e-Stamping and Document management services, and now the corporation has rolled out yet another new initiative, as a POP for ‘New Pension System'.
