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    Pension Fund Regulatory and Development Authority prescribes New NPS Subscriber Registration Form – Additional Mandatory Requirements
    Plan for Accelerating Growth of Districts by 3%
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    April 20, 2018
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    Mandatory subscriber data and FATCA compliance now required for NPS registrations to streamline operations and regulatory adherence.
    New Common Subscriber Registration Forms for the National Pension System require mandatory bank account details and mobile number to facilitate operations and exits. Compliance with FATCA, CERSAI registration, and Prevention of Money Laundering Act requirements is compulsory for new and existing subscribers; existing subscribers may submit FATCA self certification online via CRA portals, which provide guidance for the process. Subscribers must complete mandatory fields correctly to avoid form rejection.
    April 18, 2018
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    District-led growth plan to boost local economies through resource-based interventions, steering committees, and district implementation bodies.
    Creation of a district-level development mechanism requiring resource-based District Plans tailored to local strengths with sectoral interventions in agriculture, industry and services, skilling, Ease of Doing Business improvements, access to credit, and convergence of public and private efforts; oversight by a central Steering Committee and preparation by designated Indian Institutes of Management, with district Implementation Committees headed by District Collectors responsible for execution.

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