The National Pension System allows citizens to contribute a part of their income towards a pension fund, which they can withdraw up to 60 per cent on retirement

The Pension Fund Regulatory and Development Authority (PFRDA) announced that subscribers could select their annuity service providers upon exit from the National Pension System (NPS)

The Pension Fund Regulatory and Development Authority has issued a circular announcing a change to the National Pension System that will allow subscribers to choose multiple annuity schemes from the same annuity service provider at the time of exit