The go-live and opening of the Central Record Keeping Agency (CRA) under the National Pension System has been announced by Computer Age Management Services Limited (CAMS), India’s largest registrant and transfer agent of mutual funds (a SEBI regulated business). CAMS was chosen as a CRA by the sector regulator, the Pension Fund Regulatory and Development Authority (PFRDA), to broaden the services available to NPS subscribers and the ecosystem.
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The National Pension Scheme (NPS), a voluntary retirement scheme created and administered by the Pension Fund Regulatory and Development Authority (PFRDA), was launched by the Central Government on January 1, 2004 to assist in the building of a retirement corpus.
KEY POINTS:
CAMS CRA:
CAMS CRA will provide services to NPS users from all sectors, including the general public, the government, and the unorganised sector. The platform will also provide services to the authority, the NPS Trust, and all NPS ecosystem intermediaries, such as point-of-presences, nodal offices, trustee banks, pension fund managers, and annuity service providers.
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