PFRDA
-
National Pension System (NPS): Encouraging Long-Term Planning
Why the scheme is in the news? The Pension Fund Regulatory Development Authority (PFRDA) has announced that NPS subscribers can now purchase multiple annuity schemes from the same provider if they allocate more than Rs 10 lakh towards annuity corpus,...
Published On May 12th, 2023 -
Atal Pension Yojana (APY) Surpasses 5.20 Crore Enrollments
Atal Pension Yojana (APY) Surpasses 5.20 Crore Enrollments In a recent report, the number of people enrolled in the Atal Pension Yojana has surpassed 5.20 crore as of March 31, 2023. In the fiscal year 2022-23, over 1.19 crore new...
Published On April 27th, 2023 -
PFRDA raises ombudsman age limit to 70 years from 65 years
The government increased the maximum age for Pension Fund Regulatory and Development Authority's (PFRDA) ombudsman from 65 to 70 years. The ombudsman is responsible for receiving, evaluating, and helping to resolve complaints or grievances that come under PFRDA regulations. Buy...
Published On March 29th, 2023 -
Deepak Mohanty appointed as PFRDA chairman, Mamta Shankar as Whole-Time Member
Deepak Mohanty named PFRDA chairman The Indian government has appointed Deepak Mohanty as the new chairman of Pension Fund Regulatory and Development Authority (PFRDA), replacing Supratim Bandyopadhyay whose term ended in January. Mohanty, a former executive director of Reserve Bank...
Published On March 17th, 2023 -
NPS rule change: Know all the changes for subscribers from April 1, 2023
NPS rule change The National Pension System (NPS), a market-linked, defined contribution plan run by the Pension Fund Regulatory and Development Authority (PFRDA), provides residents with affordable social security. Both companies and employees make contributions to this low-cost, tax-efficient plan....
Published On February 24th, 2023 -
KVG Bank gets award for Atal Pension Yojana enrolment
Karnataka Vikas Grameena Bank (KVGB) has bagged the national award from Pension Fund regulatory and Development Authority (PFRDA) for significant enrolment under Atal Pension Yojana (APY). So far, the bank has enrolled 3,34,687 (cumulative) accounts under APY. During 2022-23, the...
Published On November 23rd, 2022 -
PFRDA named Suraj Bhan as chairman of NPS Trust
Pension Fund Regulatory & Development Authority has appointed Suraj Bhan as the chairman of the National Pension System Trust (NPS Trust), responsible for managing funds under the National Pension System (NPS). Bhan has been a Trustee on the Board of...
Published On November 17th, 2022 -
PFRDA and Irdai granted licence to FinMapp to sell NPS, insurance
FinMapp, a financial services firm, announced that it has been granted a licence under the National Pension Scheme by the Pension Fund Regulatory and Development Authority (PFRDA). It has also obtained a registration certificate as a corporate agent from the...
Published On March 25th, 2022
