RBI Replaces ‘Pension Fund’ With ‘Central Recordkeeping Agency’ as the Financial Information Provider
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- By Chetan Kulasri
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- Last Updated on 28 October, 2023
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Circular No. RBI/2023-24/76 DoR.FIN.REC.52/03.10.123/2023-24, Dated: 26.10.2023
As per the National Pension System (NPS) architecture, the Central Recordkeeping Agency (CRA), registered u/s 27 of the Pension Fund Regulatory and Development Authority Act, 2013, acts as an interface between the different intermediaries in the NPS system. The CRAs hold information pertaining to the subscribers including the balances under NPS. Now, RBI has decided to replace ‘Pension Fund’ with ‘Central Record keeping Agency’ as the financial information provider.
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