NPS aims to institute pension reforms and to inculcate the habit of saving for retirement amongst the citizens. ![]() ![]() ![]() The National Pension System (NPS) was launched on 1st January, 2004 with the objective of providing retirement income to all the citizens. Government of India established Pension Fund Regulatory and Development Authority (PFRDA) - External website that opens in a new window on 10 th October, 2003 to develop and regulate pension sector in the country.
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