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Pension Fund Regulatory & Development Authority gives its approval to Scheduled Commercial Banks to independently set up Pension Funds


Pension Fund Regulatory & Development Authority gives its approval to Scheduled Commercial Banks to independently set up Pension Funds

New Delhi, Jan 01: The Pension Fund Regulatory and Development Authority (PFRDA) has given its approval to Scheduled Commercial Banks to independently set up Pension Funds for managing the National Pension System (NPS).

Now, SCBs will also be eligible to become sponsors of Pension Funds.  Details with CTN read as under:-

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