The Pension Fund Regulatory and Development Authority (PFRDA) is the organization that regulates and develops the National Pension System (NPS) in India. Its main job is to make sure that the pension system is safe, transparent, and works in the best interest of subscribers. PFRDA authorizes and monitors pension fund managers, ensures that contributions are properly invested, and sets rules for how the funds are managed. For example, it decides how much of the money can go into equities, government bonds, or corporate bonds to balance growth and safety. It also protects subscribers by making sure their money is secure and cannot be misused, and by giving them the freedom to choose their investment mix and pension fund managers. Additionally, PFRDA provides clear information on returns, charges, and risk, so subscribers can make informed decisions. For instance, if you join NPS, you can decide whether to invest more in equity for higher returns or more in government bonds for safety, and PFRDA ensures these options are managed fairly and transparently. Overall, PFRDA acts like a guardian for NPS subscribers, making sure their retirement savings grow safely and efficiently.

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