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BIZARRE: Pfrda - You Need To See This

PFRDA launches AI-powered portal to transform pension grievance redressal

The PFRDA has unveiled 'Pension Sahayak,' an AI-powered platform designed to streamline pension services. This initiative aims to boost inclusivity and accessibility by supporting 22 Indian languages and offering voice-based grievance submission. The system ensures timely resolution through automated escalations, marking a significant stride in citizen-centric digital governance for pension…

The Economic Times

PFRDA tightens NPS audit rules: Pension body orders regular audit checks for PoP service providers

The Pension Fund Regulatory and Development Authority now requires Points of Presence offering National Pension System services to undergo audits. This directive, effective from April 1, 2026, to March 31, 2027, ensures compliance with NPS rules, KYC norms, and proper handling of subscriber funds.

The Economic Times

Now easier to enrol for NPS: Pension body launches StAR NPS for online onboarding

The Pension Fund Regulatory and Development Authority has launched a new digital platform called StAR NPS. This platform, developed by BSE Technologies, allows Points of Presence to onboard National Pension System subscribers digitally. The process includes electronic data collection and KYC verification. Subscribers can make their first contribution through the…

The Economic Times

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NPS withdrawal rules clarified: Postal department says pension body explains conditions to withdraw 100% NPS-Lite corpus

NPS-Lite subscribers can now withdraw their entire accumulated pension wealth up to Rs 2 lakh as a lump sum, the Department of Posts announced. PFRDA's revised regulations offer enhanced flexibility, allowing this option for smaller corpus amounts. This move aims to simplify withdrawals for eligible subscribers, particularly those not auto-migrating…

The Economic Times

Have NPS grievances? Expect quicker redressal soon as pension body proposes reducing resolution timelines

National Pension System subscribers will soon experience quicker grievance resolution. The Pension Fund Regulatory and Development Authority is proposing significant cuts to complaint handling times.

The Economic Times

PFRDA sets up panel to look at adding more asset classes for better returns

PFRDA is exploring new asset classes to boost long-term, stable returns for National Pension System subscribers, aiming to avoid market volatility. The regulator is also considering a Minimum Assured Pension plan and a Unified Pension Scheme for the private sector, while actively engaging farmers, MSMEs, and SHG groups to promote…

The Economic Times

Banks need to push Atal Pension Yojana subscribers toward higher pension slab: DFS Secy

Financial institutions are urged to guide Atal Pension Yojana subscribers towards higher pension slabs. Many subscribers remain in the minimum Rs 1,000 monthly pension category. This amount may not be sufficient in the future. Banks must counsel individuals to choose plans reflecting future needs and current affordability. Efforts are also…

The Economic Times

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NPS launches Retirement Income Schemes: New drawdown option for pension payouts, benefits & rules

The Pension Fund Regulatory and Development Authority has launched new Retirement Income Schemes and drawdown options for National Pension System subscribers. These changes aim to provide predictable cashflow and extend the life of retirement funds.

The Economic Times

NPS annuity exit rules relaxed: Policy surrender allowed in cases of critical illness, old policies with surrender clause

The Pension Fund Regulatory and Development Authority has revised rules for National Pension System annuity surrenders. Subscribers facing critical illness or holding older annuity contracts with specific surrender clauses can now seek surrender.

The Economic Times

NPS gets new investment option: Pension body allows NPS funds to invest in these rupee bonds

The PFRDA has updated NPS investment guidelines, effective May 13, 2026, to include rupee-denominated bonds issued by the New Development Bank (NDB). This expands investment options for both government and private sector NPS funds, previously limited to bonds from IBRD, IFC, and ADB. Other conditions like credit rating and maturity…

The Economic Times

Motilal Oswal Asset Management Company gets approval to sponsor pension funds under NPS

Motilal Oswal Asset Management Company has received PFRDA approval to operate as a Pension Fund Sponsor under the National Pension System. The company will establish a separate pension fund entity to manage NPS assets and retirement investments, aiming to strengthen its presence in India’s long-term retirement planning and pension management…

The Economic Times

NPS Sanchay scheme launched for informal sector employees: Age, eligibility criteria, minimum investment, withdrawal, exit, and other rules explained

PFRDA has launched NPS Sanchay, a simplified National Pension System variant, to serve India's informal sector employees. This scheme aims to reduce investment complexities and asset allocation challenges for nearly 90% of the workforce lacking formal pension coverage. Eligibility extends to Indian citizens aged 18-85, with rules aligning to existing…

The Economic Times

PFRDA makes 'penny drop' verification mandatory for NPS fund withdrawal

PFRDA makes 'penny drop' verification mandatory for NPS withdrawals. Test transaction verifies account validity, name matching. Failure of penny drop verification leads to communication to subscriber and contact with nodal officer. CRAs to complete development of functionality within a month.

The Hindu

Over ₹10 lakh crore under its watch, NPS to ease withdrawal options

The NPS, which was earlier referred to as the New Pension Scheme, now offers retirement schemes for the unorganised sector

The Hindu

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The Hindu

T.N. government employees’ associations question Thennarasu remark on pension scheme

TN govt. employees' groups question FM's "double standards" over old pension scheme. CPS Abolition Movement says TN govt. not signed agreement with PFRDA. TANSA shocked by FM's statement, asks why TN govt. worried about AP govt. decision. Groups to protest on Aug. 1.

The Hindu

Pension fund authority's assured return scheme in final stages

However the launch may take another few months, says PFRDA chairperson

The Times of India

Bank of India with PFRDA launches platform for opening NPS account via mobile phone

NEW DELHI: Bank of India along with pension fund regulator PFRDA on Friday launched a digital platform which will allow customers to open NPS accounts using mobile phones.

The Times of India

Return 17,240 cr from PFRDA: Bhupesh Baghel to Prime Minister Narendra Modi

RAIPUR: Chhattisgarh chief minister Bhupesh Baghel on Friday wrote to Prime Minister Narendra Modi, requesting him to direct the Pension Fund Regulatory and Development Authority (PFRDA) to return the Rs 17,240 crore deposited with NSDL under the New Pension Scheme to the state. Chhattisgarh has reverted to the old pension…

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The Hindu

Chhattisgarh government asks PFRDA to return ₹17,240 crore for old pension scheme rollout

In a letter to the Chairman of PFRDA, State's Finance Secretary said the Chhattisgarh government has decided to reinstate the old pension scheme and therefore, the demand is being made to implement the decision

The Hindu

Six national awards for KVG Bank

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The Hindu

‘Rajasthan case on pension scheme not applicable to T.N.’

Tamil Nadu is yet to sign an agreement with the PFRDA, says official

The Hindu

The demand for restoring the old pension scheme

How will the National Pension Scheme benefit the employees ? What are the changes introduced in the scheme ?

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