Pension Fund Regulatory and Development Authority (PFRDA) has introduced certain additional facilities for the New Pension Scheme (NPS) subscribers. Now they can make contributions to accounts online and with draw from Tier-II accounts by using the registered mobile number and a mobile application.
NPS along with Atal Pension Yojana has got about 1.29 crore subscribers and assets worth Rs. 1.34 lakh crore. The corporates and big business are eyeing and pressurizing the government for getting this fund in to the market. The central trade unions have strongly opposed the move.