PensionBox BlogsHow do the Payments on Auto-Pilot work?

How do the Payments on Auto-Pilot work?

11 Oct 2023 • 2 min read

Written By

Ananya Goel

PensionBox

What is Payments on Auto-Pilot ?

Envision accessing a store and being recognized by the merchant based on your smart device. Everything you purchase in the store will automatically bill your card and can leave hassle-free. Take a moment mentally brew this dreamy visual. Well, with AI's assistance, it's essentially possible. Automated payments have only recently begun their enterprising voyage, much like a devoted traveller seeking their ideal destination, soon it’ll be a frictionless process. The engineering adhesive streamlining the dedicated flow of events is the Internet of Things.

How does the Payments on Auto-Pilot Work ?

It is accomplished with the aid of sensors and cameras that track your movements. Additionally, weight sensors on the shelf detect the removal of a product. The assistance of "Dash Carts" makes the experience even more effortless. The price and the list of things added to the cart are displayed virtually. There is an incorporated weighing scale for fresh goods. There won't be a need for a human to get involved or for a POS system to be used; the entire process would happen autonomously.

Running behind schedule but there's a long billing line?

By purchasing Whole Foods and its 500 stores, Amazon entered the supermarket market, but it hasn't yet overtaken its main rival Walmart with its 4700 outlets. Amazon Go Grocery offers a simple shopping process in just three steps - Take items off the shelves Scan them with the smart device Then leave the store Artificial intelligence would be utilised to handle the basic intermediate phase. Along with Amazon, the first cashier-free store in India was opened by Kochi-based company Nayasale Retail Pvt Ltd. Watasal also enables a similar experience.

How does PensionBox help?

PensionBox PensionBox AI processor helps you to find answer of your question and assist you to the right path for planning your dream retirement plan. Sign Up and download the app on Android and on IOS.

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NPS Withdrawal Rules you must know- Explained by PensionBox

The National Pension System (NPS) is a quite popular retirement savings scheme among salaried individuals in India. It is a pension scheme launched by the government of India. It has been designed to provide retirement income to all the citizens of India. The goal is to encourage saving for retirement among Indian citizens. It is managed by the Pension Fund Regulatory and Development Authority (PFRDA). The key features of NPS include flexibility, low cost, and some impressive tax benefits. Knowledge of the withdrawal rules of the NPS is essential for every individual who contributes to the scheme because it helps them make informed decisions regarding their retirement funds.

09 Jan 2026

How and Where To Check Your NPS Balance

One of the most commonly asked questions today is how to check NPS balance online! The world is moving forward at an astonishing speed, and keeping track of your retirement savings has never been more crucial. Individuals today have to be one step ahead in their financial planning. The National Pension System (NPS), designed to secure financial independence post-retirement, has gained immense attraction as an investment tool across India. The key aspects of being an NPS subscriber includes monitoring the growth of your contributions and understanding how they align with your long-term plans. The process has become even more simpler and user friendly with the advent of digital platforms. Thus, checking NPS balance has become a streamlined process, offering multiple methods to ensure you stay informed. Whether you prefer using the official websites, mobile apps like UMANG, or leveraging tools like PensionBox, checking your NPS balance is now easier and more accessible than ever.

09 Jan 2026

How much should you invest in NPS Vatsalya for your child?

As a parent, you probably already know that raising a child is both a joy and a responsibility. From diapers to degrees, the expenses never really stop, right? So, planning for your child's financial future—especially their retirement—might not be the first thing on your mind. But what if we told you there’s a smart, tax-efficient way to gift your child a financially secure future? Say hello to NPS Vatsalya.

21 Apr 2025

Financial Year and Assessment Year

Knowledge of the finances is extremely important. Terms like Financial Year and Assessment year play a vital role in the financial aspect of an individual's life. While planning finances, a taxpayer requires the knowledge of what financial and assessment year is so that he can be wholly and completely informed and make decisions that are in his best interests.

03 Dec 2024

Frequently asked questions

What is PensionBox and how does it work?

PensionBox is India’s first pension platform/app that helps you access, invest in, and track your NPS and other pension products with better user experience & minimum charges.

PensionBox simplifies the National Pension System(NPS), the government's pension scheme for private employees both for retail users and HRs/companies.

If you don’t have an NPS account, you can simply open your pension account within 2 minutes and if you have NPS PRAN already, you will be able track, invest and manage everything free of charge with best user experience.

Is PensionBox compliant and regulated?

Absolutely. PensionBox is fully ISO 27001 compliant with the Pension Fund Regulatory and Development Authority (PFRDA), the government body that regulates pensions in India.

We never touch or hold your money directly, your investments go safely to your chosen pension fund through approved channels.

We are built with Zerodha as POP , ensuring transparency, data security, and peace of mind. Your retirement savings are protected by regulation and secured by technology.

Why should I invest in NPS through PensionBox instead of directly or via another app?

Banks/POPs charges high fees on account opening & every investment Even CRA apps have hidden charges/low transparency & lack timely support Pension Funds restrict pension fund choice & selection to themselves.

That’s why, PensionBox brings transparency, zero charges, timely support and freedom to select any pension fund so that you get the best experience investing in NPS & be better future ready.

That’s not it, we help you & your company together to maximise contribution and tax savings with minimal charges & best user experience.

How do I start using PensionBox, and what do I need to get started?

It’s super easy to use PensionBox, just start by signing up using your browser on laptop/mobile or downloading the app on appstore or playstore.

If you are an existing zerodha user then you get a fast login or sign up using kite ID.

Once you are onboarded with kite ID, you get free access to

Open NPS in 2 minutes
Track existing NPS
POP shift or CRA shifting
Invest in one time or create SIP in NPS
Withdraw NPS requests & instant withdraw tier 2
Create your dream retirement plan
Open NPS Vatsalya for your kid
Share with HR (To unlock more tax benefits)

What are the tax benefits on PensionBox?

Tax Benefits in New Tax Regime

Employer Contribution:
- Contributions made by your employer to your NPS account are tax-free up to 14% of your basic salary under Section 80CCD(2). Do connect us with your HR to enable this for you.
Tax Benefits in Old Tax Regime
Self-Contribution:
- Deduction up to ₹1.5 lakh under Section 80C.
- Additional deduction of ₹50,000 under Section 80CCD(1B) — exclusive to NPS investments!
- This allows you to claim a total deduction of up to ₹2 lakh every year on your NPS contributions.
Employer Contribution:
- Contributions made by your employer to your NPS account are tax-free up to 10% of your basic salary (Basic + DA) under Section 80CCD(2). Do connect us with your HR to enable this for you.
- This is over and above your personal deduction limits, giving you extra tax efficiency.

Have more questions? Book a free call with us

We understand NPS can be confusing, complex and there is a lot of information out there to believe in. Don’t worry, our team is here to help you with the right information.

Feel free to book a free call to learn more about NPS, NPS Vatsalya, Corporate NPS & PensionBox or contact the support team.