PFRDA StAR NPS Digital Onboarding Platform Launched
Why in the news
The Pension Fund Regulatory and Development Authority introduced a digital platform that makes joining the National Pension System easier, along with a sandbox for trying out new ideas.
Key facts
- Regulator: Pension Fund Regulatory and Development Authority (PFRDA).
- Platform: StAR NPS, a digital route for enrolling new NPS subscribers.
- Second step: a Regulatory Sandbox Framework for controlled testing of new pension solutions.
Two launches
| Launch | Purpose |
|---|---|
| StAR NPS | Smooth, streamlined subscriber onboarding |
| Regulatory Sandbox Framework | Safe, controlled trials to promote innovation |
Exam angle
- Regulator for NPS: PFRDA.
- Regulatory sandbox means testing products under supervision with limited risk.