<h1>New PFRDA Regulations Simplify NPS Registration for Banks and Non-Banks, Enhancing Digital Operations and Reducing Delays.</h1> The Pension Fund Regulatory and Development Authority (PFRDA) has issued the Point of Presence (PoP) Regulations 2023, streamlining the registration process for the National Pension System (NPS). This change allows banks and non-banks to act as PoPs with a single registration, enhancing digital operations and reducing the need for multiple registrations. The application processing timeline is shortened from 60 to 30 days. This initiative aligns with the Union Budget 2023-24's aim to lower compliance costs and improve business ease.