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National Securities Depository Limited (NSDL) and The Pension Fund Regulatory and
Development Authority (PFRDA) have entered into a formal agreement on November
26, 2007 relating to the setting up of a Central Recordkeeping Agency (CRA) for
the New Pension System (NPS). The NPS was introduced by Government of India for its new recruits (except the Armed Forces) w.e.f. January 1, 2004. |
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| The CRA is a first of its kind venture in India and is critical to the successful operationalization of the NPS.
The main functions and responsibilities of the CRA include: |
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