Aizawl : The pension Fund Regulatory and Development Authority (PFRDA) introduced the New Pension Scheme (NPS) for all citizens of the country from 1st May 2009. Any citizen including Non-Resident Indians (NRIs) between the age of 18 and 55 can join the NPS.
The Scheme is regulated by Pension Fund Regulatory & Development Authority. The scheme is operated through organizations which are designated as Points of Presence (POP). PFRDA has appointed the DoP as POP to operate the scheme through identified Post Offices (POP_SP). Initially 817 HOs through out the country has been enlisted as a Point of Presence (POP) to operationalised NPS and later on it will be extended to more POs in phase manner by the association of both PFRDA & DOP.
The service has been started in 49 HOs of South Karnataka and Coimbatore regions since 26.02.2010 and found a good response from the public. In the North East Circle, it will be launched initially from all the 9 HOs w.e.f 30.04.2010. The scheme is operated by the National Securities & Depository Ltd (NSDL) through Central Recordkeeping Agency (CRA). DoP has established a Nodal Office that has been registered with the CRA as POP. The Nodal Office is functioning from CEPT, PTC Mysore. The post offices identified for carrying out NPS transactions are called POP_SPs (Point of Presence Service Providers).