Bank of Baroda has entered the pension fund business after receiving a Certificate of Appointment as a pension fund sponsor from PFRDA. The lender becomes the second public sector bank to enter the segment and will sponsor a fund under the NPS framework
Gig workers associated with Zomato, Swiggy, Blinkit, Ola, Uber and Urban Company can now build a retirement corpus through the National Pension System, with contributions starting at Rs 99. PFRDA has introduced a flexible framework allowing workers to invest at their own pace
The Finance Ministry has urged central government employees to opt for the Unified Pension Scheme (UPS) before September 30, 2025. The Ministry highlighted benefits, tax incentives, and a one-time UPS-to-NPS switch facility for timely processing of requests
Finance Minister Nirmala Sitharaman told Parliament there is no proposal to restore the Old Pension Scheme for central government staff under NPS. Instead, the Unified Pension Scheme offers defined retirement benefits while ensuring fiscal sustainability. Household net financial position has improved
