Govt of India promoted PFRDA (Pension Fund Regulatory and Development Authority) has introduced the New Pension System (NPS) to all citizens of India with the objective of promoting old age income security. NPS empowers subscribers to plan their own pension under the “Defined Contribution” concept. It not only helps to save for post retirement spending but is also a good investment and tax planning tool. PFRDA appoints Points of Presence (POPs) which act as the link between subscribers and PFRDA to promote the NPS. PFRDA also appoints professional fund managers for subscribers to choose among them to manage their pension contributions.
SHCIL has been appointed as Point of Presence (POP) by PFRDA for the New Pension System. SHCIL’s designated branches offer the full spectrum of NPS services and facilities to all citizens.