Who is the present chairman of PFRDA?

Who is the present chairman of PFRDA?

chairman Supratim Bandyopadhyay
Helped by distribution partners — mainly banks and banking correspondents —, the NPS subscriber base, which stood at 4.24 crore at the end of FY21, will get to expand by a record one crore in the current financial year, Pension Fund Regulatory and Development Authority (PFRDA) chairman Supratim Bandyopadhyay told FE in …

What does PFRDA mean?

Interim Pension Fund Regulatory & Development Authority
On 23rd August, 2003, Interim Pension Fund Regulatory & Development Authority (PFRDA) was established through a resolution by the Government of India to promote, develop and regulate pension sector in India.

What is PFRDA pension scheme?

Pension Fund Regulatory and Development Authority (PFRDA) is a statutory regulatory body set up under PFRDA Act enacted on 01.02.2014 with an objective to promote old age income security and protect the interests of NPS subscribers.

Is PFRDA a financial regulator?

It is a Central autonomous body and is a quasi-government organisation and has executive, legislative and judicial powers similar to other financial sector regulators in India such as Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority (IRDA) and.

Who is supratim Bandyopadhyay?

Supratim Bandyopadhyay – Executive Director – Life Insurance Corporation Of India | LinkedIn.

What is the full form of Pran?

PRAN is an acronym for Permanent Retirement Account Number, which is the unique and portable number provided to each subscriber under NPS and remains with him throughout. On successful registration, a PRAN (Permanent Retirement Account Number) will be allotted to the subscriber.

Is PFRDA a statutory body?

PFRDA is regulating NPS, subscribed by employees of Govt. of India, State Governments and by employees of private institutions/organizations & unorganized sectors. The PFRDA is ensuring the orderly growth and development of pension market….Pension Fund Regulatory and Development Authority.

Type	Regulatory body
Divisions	NPS Trust
Website	pfrda.org.in

What is PFRDA and its functions?

Functions of PFRDA The preamble of PFRDA states that the aims of the authority is – “to promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds and for matters connected therewith or incidental thereto.”

What are the roles of PFRDA?

The preamble of PFRDA states that the aims of the authority is – “to promote old age income security by establishing, developing and regulating pension funds, to protect the interests of subscribers to schemes of pension funds and for matters connected therewith or incidental thereto.”

Who regulates money market in India?

The Reserve Bank derives statutory powers to regulate market segments from specific provisions of the Reserve Bank of India Act, 1934. The prudential guidelines issued to eligible market participants form the broad regulatory framework for Government securities, money market and interest rate derivatives.

Who is Hemant Contractor?

Mr Hemant G. Contractor is the first Chairman to head the statutory Pension Fund Regulatory and Development Authority (PFRDA) after notification of PFRDA Act in 2014. He joined PFRDA on 7th October 2014.

When was national pension launched?

January 1, 2004
The Central Government had introduced the National Pension System (NPS) with effect from January 1, 2004 (except for armed forces).