PFRDA notifies Point of Presence (PoP) Regulations | 18 Jan 2024

Recently, the Pension Fund Regulatory and Development Authority (PFRDA) notified the Point of Presence (PoP) Regulations 2023,

• This regulation makes it easier for people to join the National Pension System (NPS) by simplifying the registration process.
  • Banks and non-banks can serve as Points of Presence (PoPs) to help people join the NPS.
  • Now, people require only single Registration for NPS, instead of multiple registrations as earlier required and can operate with just one branch with wider digital presence.
• The Central Government has introduced the National Pension System (NPS) with effect from January 2004.
• National Pension System Trust (NPST) established by PFRDA is the registered owner of all assets under NPS.