National Pension System: Making changes in PF, scheme setup? CRAs change statement of transaction – News 24-7 Live News 24-7 Live
National Pension System: Making changes in PF, scheme setup? CRAs change statement of transaction

National Pension System: Making changes in PF, scheme setup? CRAs change statement of transaction

National Pension System (NPS): The Pension Fund Regulatory and Development Authority (PFRDA) has notified new NPS functionalities released by Central Record Keeping Agencies (CRAs) during the fourth quarter of FY 2020-21. The PFRDA has appointed CRAs to provide system-level functionalities as per the evolving needs of NPS stakeholders.

According to a PFRDA circular dated May 27, 2021, CRAs are responsible for developing “new functionalities, utilities, establish new processes, and offer multiple models of interface for the uploading offices in order to provide maximum flexibility in terms of operation for the benefit of the subscribers as an ongoing exercise to fulfill their obligations.”

Source – FinancialExpress

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