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The Latest Breaking News from PFRDA

NPS launches Retirement Income Schemes: New drawdown option for pension payouts, benefits & rules

The Pension Fund Regulatory and Development Authority has launched new Retirement Income Schemes and drawdown options for National Pension System subscribers. These changes aim to provide predictable cashflow and extend the life of retirement funds.

The Economic Times

NPS annuity exit rules relaxed: Policy surrender allowed in cases of critical illness, old policies with surrender clause

NPS annuity exit rules relaxed: Policy surrender allowed in cases of critical illness, old policies with surrender clause

The Pension Fund Regulatory and Development Authority has revised rules for National Pension System annuity surrenders. Subscribers facing critical illness or holding older annuity contracts with specific surrender clauses can now seek surrender.

The Economic Times

NPS gets new investment option: Pension body allows NPS funds to invest in these rupee bonds

NPS gets new investment option: Pension body allows NPS funds to invest in these rupee bonds

The PFRDA has updated NPS investment guidelines, effective May 13, 2026, to include rupee-denominated bonds issued by the New Development Bank (NDB). This expands investment options for both government and private sector NPS funds, previously limited to bonds from IBRD, IFC, and ADB. Other conditions like credit rating and maturity…

The Economic Times

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Motilal Oswal Asset Management Company gets approval to sponsor pension funds under NPS

Motilal Oswal Asset Management Company has received PFRDA approval to operate as a Pension Fund Sponsor under the National Pension System. The company will establish a separate pension fund entity to manage NPS assets and retirement investments, aiming to strengthen its presence in India’s long-term retirement planning and pension management…

The Economic Times

NPS Sanchay scheme launched for informal sector employees: Age, eligibility criteria, minimum investment, withdrawal, exit, and other rules explained

PFRDA has launched NPS Sanchay, a simplified National Pension System variant, to serve India's informal sector employees. This scheme aims to reduce investment complexities and asset allocation challenges for nearly 90% of the workforce lacking formal pension coverage. Eligibility extends to Indian citizens aged 18-85, with rules aligning to existing…

The Economic Times

PFRDA makes 'penny drop' verification mandatory for NPS fund withdrawal

PFRDA makes 'penny drop' verification mandatory for NPS withdrawals. Test transaction verifies account validity, name matching. Failure of penny drop verification leads to communication to subscriber and contact with nodal officer. CRAs to complete development of functionality within a month.

Over ₹10 lakh crore under its watch, NPS to ease withdrawal options

The NPS, which was earlier referred to as the New Pension Scheme, now offers retirement schemes for the unorganised sector

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T.N. government employees’ associations question Thennarasu remark on pension scheme

T.N. government employees’ associations question Thennarasu remark on pension scheme

TN govt. employees' groups question FM's "double standards" over old pension scheme. CPS Abolition Movement says TN govt. not signed agreement with PFRDA. TANSA shocked by FM's statement, asks why TN govt. worried about AP govt. decision. Groups to protest on Aug. 1.

Pension fund authority's assured return scheme in final stages

Pension fund authority's assured return scheme in final stages

However the launch may take another few months, says PFRDA chairperson

Bank of India with PFRDA launches platform for opening NPS account via mobile phone

Bank of India with PFRDA launches platform for opening NPS account via mobile phone

NEW DELHI: Bank of India along with pension fund regulator PFRDA on Friday launched a digital platform which will allow customers to open NPS accounts using mobile phones.

The Times of India

Return 17,240 cr from PFRDA: Bhupesh Baghel to Prime Minister Narendra Modi

Return 17,240 cr from PFRDA: Bhupesh Baghel to Prime Minister Narendra Modi

RAIPUR: Chhattisgarh chief minister Bhupesh Baghel on Friday wrote to Prime Minister Narendra Modi, requesting him to direct the Pension Fund Regulatory and Development Authority (PFRDA) to return the Rs 17,240 crore deposited with NSDL under the New Pension Scheme to the state. Chhattisgarh has reverted to the old pension…

The Times of India

Chhattisgarh government asks PFRDA to return ₹17,240 crore for old pension scheme rollout

Chhattisgarh government asks PFRDA to return ₹17,240 crore for old pension scheme rollout

In a letter to the Chairman of PFRDA, State's Finance Secretary said the Chhattisgarh government has decided to reinstate the old pension scheme and therefore, the demand is being made to implement the decision

Six national awards for KVG Bank

Six national awards for KVG Bank

‘Rajasthan case on pension scheme not applicable to T.N.’

‘Rajasthan case on pension scheme not applicable to T.N.’

Tamil Nadu is yet to sign an agreement with the PFRDA, says official

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The demand for restoring the old pension scheme

How will the National Pension Scheme benefit the employees ? What are the changes introduced in the scheme ?

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People

Atal Bihari Vajpayee

Thangam Thennarasu

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Bharatiya Janata Party

Finance Ministry

Central Government

Asian Development Bank

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