Panchkula, July 26 -- The Pension Fund Regulatory and Development Authority (PFRDA) has amended the National Pension System (NPS) exit and withdrawal regulations.
Pension funds may now engage other entities to operationalise specific-purpose schemes, but remain responsible for services provided to subscribers. The amendment took effect upon publication in the Official Gazette.
Under the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) (Amendment) Regulations, 2026, Regulation 4A has been renumbered as sub-regulation (1), and three new sub-regulations have been added.
The amended regulations allow a pension fund to engage another entity to operationalise any specific-purpose schem...