Home / Economy / News / Changed and new rules for National Pension Scheme: All you need to know

Changed and new rules for National Pension Scheme: All you need to know

Here is a list of the changed and new rules by Irdai and PFRD regarding the National Pension Scheme

Premium

Photo: Shutterstock

1 min read Last Updated : Nov 01 2022 | 9:04 PM IST

The Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory Development Authority (PFRDA) have made several changes and enforced new rules of the National Pension System (NPS). Here is a list of the changed and new rules.

e-nomination process

The nodal officer will now have the authority to accept or reject your application once he/she receives it. Also, if the officer does not take action on your application within 30 days, it will be automatically submitted to the Central Recordkeeping Agency (CRA).

No proposal form required for annuity on maturity

Irdai has said that it no

Topics : IRDAI National Pension Scheme PFRDA pension schemes National Pension System pension fund Insurance firms Government pension Pensions National Pension Savings

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in