National Pension System

Pension scheme in India

The National Pension System (NPS) is a defined-contribution pension system in India regulated by the Pension Fund Regulatory and Development Authority (PFRDA) which is under the jurisdiction of the Ministry of Finance of the Government of India. National Pension System Trust was established by PFRDA as per the provisions of the Indian Trusts Act of 1882 to take care of the assets and funds under this scheme for the best interest of the subscriber.

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A new self-regulatory body, the Association of NPS Intermediaries, has been launched in Mumbai to boost the Indian pension industry. PFRDA chairman Deepak..
Credit: IndiaTimes - Published 1 day ago

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