RBI permits NBFCs to offer new pension scheme
July 8th, 2017
The Reserve Bank of India has allowed systematically important non-banking finance companies (NBFCs) to sell and market the new pension scheme (NPS). All the non-banking financial companies who are with an asset size of Rs 500 crore and above and also in the previous financial year who had reported net profit will be allowed to offer non pension scheme after registration with Pension Fund Regulatory and Development Authority.