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    <title>PFRDA introduces policy reforms to promote sustainable growth of NPS</title>
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    <description>PFRDA has approved a framework permitting Scheduled Commercial Banks to sponsor Pension Funds subject to eligibility criteria aligned with prudential banking norms; it revised the slab-based Investment Management Fee for Government and Non-Government subscribers effective 1 April 2026, kept the Annual Regulatory Fee at 0.015% of AUM, and earmarked 0.0025% of AUM to the Association of NPS Intermediaries for outreach.</description>
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