NPS are being regulated by the PFRDA.What is the full form of PFRDA

2016

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Pension Fund Regulatory and Development Authority
B	Pension Fund Regulatory and Department Authority
C	Pension Funding Regulatory and Department Authority
D	Pension Funding Regulated and Department Authority

Explanation:

Detailed explanation-1: -Pension Fund Regulatory and Development Authority (PFRDA) | Department of Financial Services | Ministry of Finance | Government of India.

Detailed explanation-2: -National Pension System (NPS) was introduced for Central Government employees vide Ministry of Finance (Department of Economic Affairs) Notification No. 5/7/2003-ECB & PR dated 22nd December, 2003. NPS is now regulated under PFRDA Act, 2013 and regulation framed thereunder by Department of Financial Services and PFRDA.

Detailed explanation-3: -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.

Detailed explanation-4: -The National Pension System (NPS) is being administered and regulated by Pension Fund Regulatory and Development Authority (PFRDA) set up under PFRDA Act, 2013. NPS is a market linked, defined contribution product.

Detailed explanation-5: -SBI Pension Funds Pvt. Limited LIC Pension Fund Limited UTI Retirement Solutions Limited ICICI Prudential Pension funds Management Company Limited Kotak Mahindra Pension Fund Limited Reliance Capital Pension Fund Limited HDFC Pension Fund Limited Birla Sun Life Pension Management Ltd.

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