StAR NPS Platform and PFRDA Regulatory Sandbox
Why in the news
The pension regulator rolled out two tools together: a simpler digital sign-up route for NPS, and a safe testing space for new pension-sector ideas.
Key facts
- Regulator: Pension Fund Regulatory and Development Authority (PFRDA).
- Platform: StAR NPS, built to make digital onboarding of National Pension System (NPS) subscribers simpler.
- Channels: Points of Presence and pension agents.
- Framework: Regulatory Sandbox Framework for controlled trials of innovative pension solutions.
- Who can test: fintech companies and registered intermediaries, before large-scale implementation.
Exam angle
- Regulator for NPS: PFRDA.
- Related terms: regulatory sandbox, Points of Presence, digital onboarding.