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Glossary
National Pension System (NPS): A voluntary, government-regulated retirement savings scheme for Indian citizens PFRDA (Pension Fund Regulatory and Development Authority): The regulatory body overseeing NPS and pension fund operations in India
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Why Do You Need a PRAN for NPS?
The NPS is a pension scheme under the PFRDA (Pension Fund Regulatory and Development Authority). To function in a systematic, transparent, and traceable way, PRAN serves as the central digital identity for all NPS investors.