Non-govt a/c additions to double to 20L in NPS in FY23

The Pension Fund Regulatory and Development Authority expects enrolments from non-government subscribers to the National Pension System (NPS) to double from 9.7 lakh in March this year to 20 lakh in March 2023 with growth having reaching an inflection point in March 2020. It also granted approval to Max Life Insurance, Tata Asset Management and Axis Bank to promote pension management firms.

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