Mobile number, Bank a/c must for pension scheme subscribers, navyamedia

Mobile number, Bank a/c must for pension scheme subscribers

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Pension regulator Pension Fund Regulatory and Development Authority (PFRDA) has made bank account details and mobile number mandatory for subscribers of the National Pension Scheme.

PFRDA has also made Foreign Account Tax Compliance Act and Central Registry of Securitisation Asset Reconstruction and Security Interest mandatory for new and existing subscribers.

The purpose is to improve and simplify the operational issues in National Pension System.