Hey,
I have been looking at many pension and investment schemes. I think of it as research for my future. The government of India has set a Pension Fund Regulatory and Development Authority. I will tell you what this body does and why it is so important for the functioning of pension schemes.
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It is a statutory regulatory body that has been set by the central government under the PFRDA Act enacted on 01.02.2014. The aim of the body is to protect the interests of NPS subscribers. On a nationwide basis, they promote, regulate and develop the pension sector while promoting old age income security. People can gain information about the National Pension Scheme this way. The PFRDA administers and regulates the National Pension System (NPS) and also administers any scheme.
Earlier on, it was only introduced for Government employees. Now, any eligible citizen and non-resident Indians can subscribe to the PFRDA pension scheme and can get a PRAN (Permanent Retirement Account Number). The subscriber can open either of the two accounts – Tier-I and Tier-I available in the scheme.
All the pension funds of the PFRDA pension scheme are managed by the authorities.They also settle disputes among intermediaries and between intermediaries and subscribers
when required.
You can read more about ‘What is PFRDA pension scheme’ on the official website of the government services. I will leave the link below.
Click here to open PFRDA official website
Hope it clarifies all your doubts on
Pension Fund Regulatory and Development Authority
Read more : How Family pension is to be Calculated? What are the Documents Required for Family pension? Who Is Eligible For Widow’s pensionYour Feedback Matters! How was this Answer?
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What is PFRDA ?
Hannah
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3 Year
2022-08-23T17:44:16+00:00 2022-08-23T17:44:17+00:00Comment
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