{"id":60250,"date":"2026-08-26T10:39:40","date_gmt":"2026-08-26T05:09:40","guid":{"rendered":"https:\/\/marudharchronicle.com\/index.php\/2026\/08\/26\/pfrda-conducts-outreach-event-on-star-nps-national-pension-system-for-mutual-fund-distributors-in-chennai\/"},"modified":"2026-08-26T10:39:40","modified_gmt":"2026-08-26T05:09:40","slug":"pfrda-conducts-outreach-event-on-star-nps-national-pension-system-for-mutual-fund-distributors-in-chennai","status":"publish","type":"post","link":"https:\/\/marudharchronicle.com\/index.php\/2026\/08\/26\/pfrda-conducts-outreach-event-on-star-nps-national-pension-system-for-mutual-fund-distributors-in-chennai\/","title":{"rendered":"PFRDA Conducts Outreach Event on StAR NPS & National Pension System for Mutual Fund Distributors in Chennai"},"content":{"rendered":"
\n

Chennai (Tamil Nadu) [India], August 26: <\/strong>The Pension Fund Regulatory and Development Authority (PFRDA)\u00a0organised\u00a0an Outreach Event for Mutual Fund Distributors (MFDs) on\u00a0StAR\u00a0NPS & National Pension System (NPS)<\/strong>\u00a0in\u00a0Chennai\u00a0today. The\u00a0programme\u00a0brought together Mutual Fund Distributors, industry stakeholders and ecosystem partners to create awareness about the\u00a0StAR\u00a0NPS platform, strengthen the role of Pension Agents in expanding pension coverage, and promote greater adoption of the National Pension System across the country.<\/p>\n

Shri S. Ramann, Chairperson, PFRDA<\/strong>,\u00a0emphasised\u00a0that expanding pension coverage requires greater accessibility, simplified onboarding and stronger last-mile outreach.\u00a0He further added,\u00a0Mutual Fund Distributors already have something very valuable,\u00a0the trust of thousands of customers and an ongoing relationship with them. That trust is exactly what the pension ecosystem needs as we work towards making retirement planning a more regular part of financial conversations. For MFDs, NPS is not just another product to offer. It is an opportunity to build a long-term relationship with a customer, potentially spanning three decades or more, from their working years well into retirement. With NPS managing an AUM of around \u20b918.4 lakh crore, the opportunity is significant, but there is still considerable scope to take it deeper through the distribution network. We have also made the onboarding process simpler by taking it fully digital, reducing paperwork and turnaround time. With\u00a0StAR\u00a0NPS, our aim is to make it easier for MFDs to participate in this journey. The Chennai programme is part of more than 400 outreach initiatives we are undertaking nationally to take this conversation to a much wider audience.\u201d<\/em><\/p>\n

Shri Ashutosh Singh, MD & CEO, BSE Index Services Pvt. Ltd.<\/strong>, highlighted the role of technology in strengthening pension accessibility and simplifying the subscriber onboarding journey.\u00a0He said,\u00a0\u201cPFRDA has laid the vision and regulatory framew<\/em>ork, and the industry is building the products and technology to support it. But for NPS to truly reach every household, we need greater participation. Our MFD community is best placed to start that conversation with customers they already know and trust.\u201d<\/em><\/p>\n

He further added,\u00a0\u201cWe have seen what is possible when access and technology come together. BSE\u00a0<\/em>StAR<\/em>\u00a0MF grew fr<\/em>om one crore transactions in a month in May 2021 to consistently around eight crore transactions today. We hope to bring the same simplicity and scale to Star NPS. And we are particularly proud that Chennai is among the first cities to begin this journey.\u201d<\/em><\/p>\n

The platform enables a fully digital onboarding journey through electronic data capture, CKYC and\u00a0DigiLocker-based verification, direct remittance of subscriber contributions to the Trustee Bank, and seamless integration with Central Recordkeeping Agencies (CRAs) for instant PRAN generation. The direct settlement mechanism eliminates fund pooling and manual reconciliation at the\u00a0PoP\u00a0level, improving operational efficiency while ensuring transparency, security and a better subscriber experience.<\/p>\n

The outreach programme featured presentations on the National Pension System and the\u00a0StAR\u00a0NPS platform, followed by a dedicated session on the role of Mutual Fund Distributors as Pension Agents.\u00a0Certificates were also distributed to Mutual Fund Distributors onboarded as Pension Agents, recognising their participation in expanding the reach of the National Pension System. An interactive Open House session enabled participants to engage with PFRDA officials and industry experts on various aspects of the pension ecosystem.<\/p>\n

PFRDA reaffirmed its commitment to working closely with Points of Presence, Mutual Fund Distributors and other stakeholders to strengthen pension awareness, expand retirement coverage and make pension services more accessible\u00a0through technology-enabled initiatives. The Authority will continue to undertake similar outreach programmes across the country to further deepen pension penetration and support India\u2019s vision of building a financially secure and pension-inclusive society.<\/p>\n

About PFRDA<\/strong><\/p>\n

The Pension Fund Regulatory and Development Authority (PFRDA) is the statutory regulatory body established by the Government of India to promote, regulate and ensure the orderly growth of the National Pension System (NPS) and other pension schemes to safeguard the old-age income security of Indian citizens.<\/p>\n

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Chennai (Tamil Nadu) [India], August 26: The Pension Fund Regulatory and Development Authority (PFRDA)\u00a0organised\u00a0an Outreach Event for Mutual Fund Distributors (MFDs) on\u00a0StAR\u00a0NPS & National Pension… <\/p>\n","protected":false},"author":1,"featured_media":60251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[92],"tags":[659],"class_list":["post-60250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-lifestyle"],"_links":{"self":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/60250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/comments?post=60250"}],"version-history":[{"count":0,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/posts\/60250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media\/60251"}],"wp:attachment":[{"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/media?parent=60250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/categories?post=60250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marudharchronicle.com\/index.php\/wp-json\/wp\/v2\/tags?post=60250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}