Launched by the Government of India in 2004, the National Pension System (NPS) is a defined contribution pension scheme introduced after the government decided to discontinue old pensions scheme.
A clearer, more flexible withdrawal framework and simpler procedures are reshaping the usage of subscribers' NPS savings.
The Pension Fund Regulatory and Development Authority (PFRDA) has implemented many regulatory changes in 2024 to better facilitate and support National Pension System (NPS) subscribers. Major changes ...