Last Updated on Tuesday, 29 June 2010 00:24 Tuesday, 20 April 2010 12:37
Pension Fund Regulatory and Development Authority (PFRDA) is the prudential regulator for the NPS. PFRDA was established by the Government of India on 23 August 2003 to promote old age income security by establishing, developing and regulating pension funds. PFRDA has set up a Trust under the Indian Trusts Act, 1882 to oversee the functions of the PFMs. The NPS Trust is composed of members representing diverse fields and brings wide range of talent to the regulatory framework.
Coverage & Eligibility
Last Updated on Tuesday, 29 June 2010 00:24 Tuesday, 20 April 2010 12:38
NPS will be available to all citizens of India on voluntary basis and mandatory for employees of central government (except armed forces) appointed on or after 1 January 2004. All Indian citizens between the age of 18 - 60 can join the NPS.