Page 2 - Pfrda

PFRDA proposes NPS exit, withdrawal rule changes; seeks feedback by Oct 17

PFRDA has proposed amendments to NPS exit and withdrawal rules, including redefining exit, higher lump sum limits, revised partial withdrawals and financial assistance options

Centre extends one-time switch for govt staff to move back to UPS from NPS

Government gives NPS subscribers who joined after April 2025 till Sept 30 to switch to UPS, offering a chance to choose between assured pension and market-linked returns

NPS, UPS, APY charges revised from Oct 1: Here's how much you'll pay now

: PFRDA updates CRA fees for NPS, UPS, APY and NPS-Vatsalya from October 1; Check how PRAN opening and annual maintenance charges will impact your pension savings.

Step up efforts to expand pension coverage: PFRDA Chairperson S Ramann

PFRDA Chairperson S Ramann called on banks, particularly private lenders, to step up efforts, improve persistency, and enhance financial literacy for broader pension coverage

New website makes work easier for NPS users: Here's how revamp helps them

Portal simplifies navigation and improves search function for locating circulars and schemes

Indian pension managers request to relax bond investment guidelines

Retirement fund managers in India have asked the Pension Fund Regulatory and Development Authority to ease the cap on the purchase of corporate bonds with a maturity period of less than three years

Sivasubramanian Ramann takes charge as PFRDA chairperson for five years

Former SIDBI chairman brings decades of experience in finance and regulation as he assumes charge of pension regulator PFRDA for a five-year term or until age 65

Govt appoints Sivasubramanian Ramann as the next PFRDA chirperson

Ramann, who is currently serving as the deputy comptroller and auditor general (CAG) and chief technology officer at the CAG of India, has been appointed for a tenure of five years

Govt appoints S Ramann as new PFRDA chairperson, to succeed Deepak Mohatny

The government has appointed Deputy CAG S Ramann as Chairperson of pension fund regulator PFRDA. Ramann would replace incumbent Deepak Mohanty whose term comes to an end in May 2025. The Appointments Committee of the Cabinet (ACC) has approved the appointment of Sivasubramanian Ramann, Deputy Comptroller & Auditor General, to the post of chairperson, Pension Fund Regulatory and Development Authority (PFRDA), a government notification dated April 1 said. The ACC has approved his appointment for a tenure of five years or till he attains age of 65 years, it said. Ramann, presently serving as Deputy CAG, belongs to 1991 batch of Indian Audit & Accounts Service (IA&AS). He has also served as Chairman & Managing Director, Small Industries Development Bank of India (SIDBI), for 3 years between 2021 and 2024. Before joining SIDBI, he was MD & CEO of National E-Governance Services Limited (NeSL). Prior to joining NeSL, Ramann was the Principal Accountant General (Audit), ...

PFRDA notifies UPS new rules: Govt employees must opt by June 30

Enrolment and claim forms for all these categories of central government employees will be available online from April 1 on website of Protean CRA

PFRDA issues regulations for implementation of Unified Pension Scheme

The enrolment and claim forms for all these categories of central government employees will be available online on the Protean CRA website from April 1, 2025

Over 100,000 babies enrolled for NPS Vatsalya, says PFRDA Chairperson

More than 1 lakh babies have opted for the NPS Vatsalya scheme, which was launched in September last year to allow parents to save for their children by investing in pension accounts, according to a senior official. Pension Fund Regulatory & Development Authority (PFRDA) Chairperson Deepak Mohanty on Wednesday said the regulator is doing a lot of outreach and also expanding the intermediary base as pension penetration is low in the country. "New born babies can also opt for NPS. I am happy to say that since the product was launched by the finance minister in September last year, we have more than 1 lakh babies opting for NPS Vatsalya," he said at an event in the national capital. He was participating in a discussion at the Civis' Public Consultation Awards 2025 function organised by non-profit platform Civis. Under the NPS Vatsalya scheme, all minor citizens up to the age of 18 years are eligible to open an account. The minimum monthly contribution that can be made by a parent or .

PFRDA warns NPS & APY subscribers about ongoing fraud in their name

The authority also urged users to perform due diligence when offered unrealistic returns, and report any suspicious activities to the relevant authorities

NPS Vatsalya growing, onboards 75,000 people since launch: PFRDA chairman

Finance Minister Nirmala Sitharaman had in September launched NPS Vatsalya, a scheme for minors to secure their future

NPS' assets under management to touch Rs 15 trn by FY end: PFRDA Chairman

The assets under management (AUM) of the National Payment System are expected to touch Rs 15-lakh crore by the end of current fiscal year, Pension Fund Regulatory Development Authority Chairman Deepak Mohanty said on Saturday. At a media interaction following the official launch of the Association of NPS Intermediaries, Mohanty also said the take up rate by the employees in the corporate sector remains a challenge. This Association of NPS comprises stakeholders including pension fund managers, points of presence (bank and non-bank), central record keeping agencies, trustee banks, custodians, aggregators, annuity service providers, pension agents, retirement advisors, and other industry participants. The association aims to represent the interests of all intermediaries in the NPS ecosystem, promote NPS as a reliable, flexible, and tax-efficient retirement product, focus on subscriber welfare by ensuring smooth and transparent processes within the system and also to collaborate with .

Govt invites applications for post of pension fund panel PFRDA chief

The government has begun searching for a successor to Pension Fund Regulatory and Development Authority (PFRDA) chairman Deepak Mohanty whose term is ending in May next year. The PFRDA chairman holds office for five years or till the age of 65 years. The chairman is entitled to a consolidated salary of Rs 5.62 lakh per month without the facility of house and car, the finance ministry said while inviting applications for the post. As per the eligibility criteria mentioned in the public notice issued by the Department of Financial Services, the applicant should have a minimum of two years of residual service as of the last date of submission of applications. Applicants should be a government servant and have worked as Secretary/Additional Secretary in the Government of India or its equivalent level in a State Government for at least three years, it said. A public sector official, and has worked at least at one level immediately below the board level for at least three years or an ..

NBBL introduces national pension system on Bharat Connect platform

With this partnership, individual investors will be able to contribute to existing NPS accounts with the help of Bharat Connect-enabled platforms

Regulators' panel brainstorm on taking action on spammers making robo calls

A joint panel of sectoral regulators brainstormed on taking urgent action on spammers making promotional voice, robo and pre-recorded calls in a meeting convened by the telecom regulator Trai on Tuesday. The joint committee of regulators (JCOR) was attended by the Reserve Bank of India (RBI), Securities and Exchange Board of India (Sebi), Insurance Regulatory and Development Authority of India (Irdai), Pension Fund Regulatory and Development Authority (PFRDA), Ministry of Consumer Affairs (MoCA) and Ministry of Electronics and IT (MeitY), an official statement said. The Department of Telecom (DoT) and Home Ministry representatives also attended the meeting as special guests. The regulators deliberated on business entities making commercial voice calls using cloud-based telephony and fixed-line connection-based private exchanges, with hundreds of indicators in violation of Trai's regulations. "These entities should be migrated to the designated 140 series for making promotional call

New pension norms in the works; finance ministry to meet state govts

Approved by the Union Cabinet on Saturday, the UPS kicks in from April 1, 2025

Same-day settlement for NPS subscribers from July 1: Check details

The changes ensure that the benefits of same-day investments are passed on to the subscribers as applicable