யார் பணத்தை யார் கையாளுவது ? - Karvy as 2nd Central Record keeping Agency
Subscribers of National Pension Scheme (NPS) will soon have an option to
choose Central Record keeping Agency as the sector regulator PFRDA has
appointed Karvy Computershare to offer such services.
Currently, NSDL e-Governance Infrastructure is the only CRA, which
establish an internal system that delivers compliance with standards for
internal organisation and operational conduct, with the aim of
protecting the interests of NPS subscribers and their assets.
“Karvy Computer share Pvt Ltd is currently at an advanced stage of CRA
system development and is expected to become operational in the near
future,” said the Pension Fund Regulatory and Development Authority
(PFRDA).
Now there will be two CRAs operating in the NPS system – NSDL e-Governance Infrastructure and Karvy Compurtershare, it said.
Karvy was issued Certificate of Registration by the PFRDA in June last year.
“The choice of CRA can be made by the employer (existing or prospective)
between the existing CRA and the new CRA depending on the policy of
employer in case where there is employer-employee relationship,” the
regulator said.
Voluntary subscribers will have an option to choose a CRA while in the
case of NPS-Lite subscribers, the aggregator will decide on the CRA.
In case of government sector subscribers, the government will chose the CRA for rendering the services.
A CRA is responsible for recordkeeping, administration and customer
service functions for all NPS subscribers. The function includes
receiving instructions from subscribers through the points of presence,
transmitting such instructions to pension funds and effecting switching
instructions received from subscribers.
It acts as an operational interface between PFRDA and other NPS
intermediaries such as pension fund managers, annuity service providers,
and Trustee Bank.
As on November 30, 2016 there were about 1.4 crore subscribers under NPS with over Rs 1.61-lakh crore asset under management.
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