Major NPS Overhaul: PFRDA Introduces a “Multiple Scheme Framework”
Your NPS, Your Rules: New Framework Gives You More Control. 100% Equity, More Choice: The NPS is Changing On September 16, 2025, the Pension Fund Regulatory and Development Authority (PFRDA) issued a landmark circular introducing the Multiple Scheme Framework (MSF) for non-government National Pension System (NPS) subscribers. This new framework aims to expand and enhance…