good news for the subscribers. Pension Regulator PFRDA ie Pension Fund Regulatory and Development Authority has eased the process of change in their investment pattern.
NPS: It is easy for employees to change investment pattern, know what will happen, it will benefit you
There is a good news for the subscribers. Pension Regulator PFRDA ie Pension Fund Regulatory and Development Authority has eased the process of change in their investment pattern. With these changes, these NPS subscribers can change their investment pattern without the approval of the nodal office. . They can put their request directly in the Central Record Keeping Agency ie CRA login. It has to be verified through OTP coming on the registered mobile or email ID. These changes were made because there was a lot of delay in getting approval from the nodal office.
8 million subscribers of NPS in government sector
At present there are around 8 million subscribers of NPS in the government sector. At present, the asset allocation for government NPS subscribers can be changed twice a year while in case of PF it can happen once. Subscribers associated with state governments and autonomous bodies of the state or central can also choose the PF and investment mode of their choice, if approved by the agencies.
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