PFRDA inaugurates app to widen financial inclusion through fintech and to boost NPS
In order to foster innovation and inclusivity within the NPS architecture, particularly through its engagement of fintech entities as Point of Presence (PoP) thus, enhancing accessibility and convenience, Shri Deepak Mohanty, Chairperson, Pension Fund Regulatory and Development Authority (PFRDA), inaugurated Zerodha Broking Limited's NPS web-app, in New Delhi, today. The app offers seamless access of NPS to a wider subscriber base.
Shri Mohanty said that there is merit in joining NPS at a young age to harness the benefit of compounding. NPS provides continuity to retirement saving account irrespective of one’s employment status and is available for non-resident Indians (NRIs). As youngsters are tech savvy, the facilitation by Zerodha Broking Limited would expand access to NPS.