Vision Statement

To be a model Regulator for promotion and development of an organized pension system to serve the old age income needs of people on a sustainable basis.


PFRDA (Pension Fund Regulatory and Development Authority) is the regulating authority of National Pension Scheme subscribed by Govt. Employees, State Govt. Employees and employees of private institutions/organizations & unorganized sector. The NPS was subsequently extended to all citizens of the country w.e.f. 1st May, 2009 including self employed professionals and others in the unorganized sector on a voluntary basis.

PFRDA act was passed on 19th September 2013 and head office of PFRDA is situated in Delhi.

The Authority consists of a Chairperson and not more than six members, of whom at least three shall be Whole-Time Members, to be appointed by the Central Government.

 Functions of PFRDA

  • To appoint various intermediate agencies like Pension Fund Managers, Central Record Keeping Agency (CRA) etc.
  • Educating all about the importance of pension.
  • Addressing the grievances related to pension scheme.
  • Regulating and resolving the issues/disputes between various intermediaries like bank, customer etc
  • Supervising and dictating the National Pension System (Both Tier1 and Tier 2).

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