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PFRDA lets govt entities pay ₹500/year for NPS services
PFRDA allows government entities to continue using Point of Presence services for a flat ₹500 per subscriber per year, easing compliance burden for CPSEs.
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Government-linked organisations under the National Pension System can keep using Point of Presence service providers for a flat annual charge of ₹500 per subscriber. The Pension Fund Regulatory and Development Authority issued a circular on 16 June 2026 that takes immediate effect.
The move follows complaints from several Central Public Sector Enterprises and other government entities. They said an earlier requirement to handle NPS administration directly through Central Recordkeeping Agency systems was operationally difficult.
In March 2026, PFRDA split existing NPS corporates into two categories: Government Entities and Legal Entities (other than government). Under that framework, government entities were expected to have the technical ability to interface directly with CRA systems without relying on PoPs.
Many organisations found it challenging to independently manage subscriber onboarding, contribution uploads, and withdrawal processing, the regulator said. Others flagged grievance management and general administration as barriers.