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PFRDA Multiple Scheme Framework for non-government NPS

22 September 20251 min read
BANKING & FINANCEPFRDA MultipleScheme Frameworkfor non-governmentNPS22 September 2025safalsetu.com

Why in the news

PFRDA let non-government NPS subscribers hold several schemes together.

PointEarlierUnder MSF
SchemesOne choice per tierMultiple under one PRAN
Record keepersOne CRAVarious CRAs
High-risk equity75%Up to 100%
  • Pension funds can tailor schemes for digital economy workers, self-employed professionals and corporate staff with employer contributions.
  • Each scheme needs a moderate-risk and a high-risk variant.

About PFRDA

  • Statutory under the PFRDA Act, 2013 (notified 1 February 2014); under DFS, Ministry of Finance.
  • Chairman: Sivasubramanian Ramann; HQ: New Delhi.

Test yourself

1. Under PFRDA's Multiple Scheme Framework, what is the maximum equity allocation in high-risk NPS schemes?

Equity in high-risk schemes can go up to 100%, previously 75%.

2. How many variants must each scheme have at minimum under the NPS Multiple Scheme Framework?

Each scheme needs at least two variants: moderate-risk and high-risk.

3. The PFRDA Act under which PFRDA became statutory was passed in which year?

PFRDA was made statutory under the PFRDA Act, 2013, notified on 1 February 2014.

This topic is part of Daily Current Affairs 20 September 2025 (12 topics).

All topics of the dayDay quizSeptember 2025

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