The body that regulates retirement planning organisations is also aiming to enrol 13 lakh new non-government individuals under the Nation Pension System in FY24.
For subscribers associated with Protean eGov Technologies Ltd, which is one of the Central Recordkeeping Agencies (CRAs), the "requests authorised up to 10:30 AM will be settled on a T+2 basis".
After this decision, the payment option via credit card for tier-1 account holders of NPS will continue, whereas for tier-2 account holders, the facility is no more available.
As of November 30, 2021, total pension assets under management stood at Rs 6,87,468 crore, showing a year-on-year growth of 29.13 percent
Commenting on the passage of Pension Bill in Lok Sabha, Ashvin Parekh, Senior Expert, E&Y says, it gives the new authority a lot more powers to put things together particularly in the voluntary pension area.