The Pension Fund Regulatory & Development Authority Act was passed on 19th September, 2013 and the same was notified on 1st February, 2014. PFRDA is regulating NPS, subscribed by employees of Govt. of India, State Governments and by employees of private institutions/organizations & unorganized sectors.
In light of PFRDA’s overarching responsibility, concomitant to section 14(2)(j) of the PFRDA Act, for spreading awareness and educating subscribers and general public, about pension, retirement savings & planning, old age income security and NPS and its features and benefits, for the citizens of India for planning for retirement, the Authority strives for promoting activities in respect of financial education and literacy.
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