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5 Key Regulatory Changes In NPS Scheme You May Hear Soon!!!

Investors India

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May 2021

Being the key product in retirement planning and the rising popularity of NPS among individuals and corporates, PFRDA has made announcement of 5 key changes it is willing to introduce soon in NPS.

-  Jyotsna Joshi

5 Key Regulatory Changes In NPS Scheme You May Hear Soon!!!

India is home to 130 billion people and as per estimates very soon 1 in every 5 will be above the age of 60 here. To bring more people under the ambit of a structured retirement scheme and provide better financial security to individuals in later age, PFRDA has made several announcements with respect to NPS, a primary product in the category through a virtual session held few days ago.

With 38 per cent growth in AUM and 23 per cent in number of subscribers, the awareness around retirement product National Pension System is growing. To make it more attractive among individuals and investors the pension regulator suggested key changes it is willing to make very soon.

What’s there for the investor??

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