New Pension Scheme(NPS)

New Pension Scheme(NPS)

Pension Fund Regulatory and Development Authority (PFRDA) has been established by the Government of India, Ministry of Finance on 10th October, 2003 to promote old age income security. National Pension System (NPS) is an initiative of PFRDA to regulate and develop the pension sector in India. It aims at building up a corpus sufficient enough to buy an annuity for their old age.

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