Email : This email address is being protected from spambots. You need JavaScript enabled to view it.      Phone : +91-11-42390909

National Pension System - Architecture

National Pension System (NPS) is an open architecture completely regulated by Pension Fund Regulatory and Development Authority (PFRDA). PFRDA is a statutory body constituted as per Pension Fund Regulatory and Development Authority Act passed on 19th Sept 2013 and notified on 1st Feb 2014. PFRDA has segregated different duties to separate entities, and has accordingly laid down the rules and regulations for all the entities.


NPS - Point of Presence

Point of Presence (PoP)

Points of Presence (POPs) are appointed as the first point of contact for all the NPS subscribers. Abhipra is one of the appointed of PoP, providing NPS services to organised as well as unorganised sector. All entities appointed as Point of Presence have deputed authorised PoP-SPs all across the country and are acting as collection points and are rendering various customer services.


NPS - Record Keeping Agency

Record Keeping Agency

NSDL e-Governance Infrastructure Limited and Karvy Computershare Private Limited are appointed as the central record keeping agency with following task

  • Recordkeeping,
  • Administration and
  • Customer service functions for all subscribers of the NPS


 NPS - Fund Managers

Pension Fund Managers (PFM)

PFRDA has appointed following Pension Fund Managers to manage / invest / administer the fund collected from the NPS Subscribers as per the laid rules and regulations :

  • LIC Pension Fund Limited
  • SBI Pension Funds Private Limited
  • HDFC Pension Management Company Limited
  • ICICI Pension Fund Management Company Limited
  • UTI Retirement Solutions Limited
  • Kotak Mahindra Pension Fund Limited
  • Reliance Capital Pension Fund Limited
  • Birla Sunlife Pension Management Limited 

Subscribers have the flexibility to select the fund manager to manage the funds invested in NPS account. At any point of time, if the subscriber is not happy with the returns, he may switch the fund manager as per his convenience. Funds are accordingly allocated to the fund managers.

NPS - Annuity Service Providers

 Annuity Service Provider (ASP)

PFRDA has appointed Annuity Service Providers to take care of monthly disbursement of the Pension to the subscribers on attaining retirement age. Subscribers will have the flexibility to select one of the approved Annuity Service Provider as per his choice.

Trustee Bank

Trustee Bank is casted with the role of managing the movement of funds among PFM, ASP, Subscriber etc. Axis Bank is appointed as the Trustee Bank.

NPS Trust

A separate trust named NPS Trust is constituted for taking care of the assets and funds under the National Pension Scheme in the interest of the subscribers.