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Recent Current Affairs related to NPS

2 News
21 May 2026 BANKING

The Pension Fund Regulatory and Development Authority (PFRDA) has introduced a new post-retirement framework under the National Pension System (NPS) to provide subscribers with flexible periodic payout options. The regulator has launched Retirement Income Schemes (RIS) to facilitate flexible payouts during the decumulation phase while supporting corpus appreciation.

Currently, NPS subscribers can withdraw 60% of their corpus tax free at retirement, while the remaining 40% must be used to purchase an annuity. Additionally, PFRDA has extended the maximum age for maintaining NPS accounts from 75 years to 85 years for both government and non-government subscribers.

15 April 2026 BANKING

The Pension Fund Regulatory and Development Authority (PFRDA) has approved PPFAS Asset Management Company (AMC) to act as a sponsor for a pension fund under the National Pension System (NPS).

PPFAS AMC, a subsidiary of Parag Parikh Financial Advisory Services Limited, will set up a separate pension fund company to invest in Equities (EQ), Government Securities (G-Secs), and Corporate Bonds (CBs). Currently, there are 10 AMCs authorized to function as fund managers under the NPS framework.

It is to be noted that the NPS was launched in 2004 for government employees and was extended to all citizens in 2009, allowing individuals to choose and switch between various fund managers.

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