Wednesday 19 October 2016

About Pension Fund Regulatory and Development Authority (PFRDA)

PFRDA is a statuary pension regulatory authority established in 2003 under the PFRDA Act.

 It functions under the aegis of Union Ministry of Finance, Department of Financial Services. 

PFRDA promotes old age income security by establishing, developing and regulating pension funds.

 It also protects interests of subscribers to schemes of pension funds and related matters. 

It is responsible for appointment of various intermediate agencies such as Central Record Keeping Agency (CRA), Custodian, Pension Fund Managers, NPS Trustee Bank, etc.

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