Date: 2026-07-14Category: Extra OrdinaryState: Union GovernmentCountry: India
In exercise of the powers conferred by subsection (1) of section 52 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013) read with clauses (g), (h), and (i) of sub section (2) thereof, the Pension Fund Regulatory and Development Authority
**Executive Summary**
The Pension Fund Regulatory and Development Authority (PFRDA) issued the (Exits and Withdrawals under the NPS) (Amendment) Regulations, 2026, on July 13, 2026. These regulations, effective from their date of publication in the Official Gazette, permit Pension Funds to engage external entities to operationalize specific purpose schemes. The document establishes strict accountability standards for Pension Funds and sets technical integration requirements for third-party service providers.
**Key Points / Main Content**
* **Engagement of External Entities**
* Pension Funds are permitted to engage third-party entities to perform functions necessary to operationalize specific purpose schemes.
* Such engagements must strictly follow guidelines issued by the PFRDA.
* **Liability and Accountability**
* The Pension Fund remains directly responsible to the subscriber for all services availed under these schemes.
* The Pension Fund is held liable for any acts of omission or commission by the engaged third-party entity.
* **Technological and Integration Standards**
* Engaged entities must possess the technological capacity to integrate with Pension Funds, Central Recordkeeping Agencies, or other registered intermediaries.
* Technical integration is required for the purpose of collecting information and facilitating the payment of benefits to or on behalf of subscribers.
* **Supervision and Compliance**
* All services and arrangements under these provisions are subject to supervision by the PFRDA.
* Operations must comply with PFRDA guidelines, instructions, and all other applicable laws.
**Impact Analysis**
**Pension Funds**
**Impact**
Pension Funds gain the authority to outsource operational tasks for specific schemes but retain full legal and professional liability for the actions of their partners.
**Action Required**
Pension Funds must ensure that any entity they engage meets PFRDA guidelines and possesses the necessary technical infrastructure to integrate with existing NPS systems.
**Subscribers**
**Impact**
Subscribers may interact with third-party entities for specific services, while their right to hold the primary Pension Fund accountable for service failures remains protected.
**Action Required**
No immediate action is required, but subscribers should be aware that the Pension Fund remains their primary point of accountability for outsourced services.
**Third-Party Entities (Service Providers)**
**Impact**
These entities are now eligible to be formally engaged in the operationalization of NPS-related schemes.
**Action Required**
They must develop and maintain the technological capacity to integrate with the Central Recordkeeping Agency and Pension Funds for data and payment facilitation.
**Pension Fund Regulatory and Development Authority (PFRDA)**
**Impact**
The Authority assumes a supervisory role over the new arrangements between Pension Funds and third-party entities.
**Action Required**
The Authority must issue and enforce guidelines and instructions to regulate these engagements and ensure legal compliance.
Key Entities Referenced
Pension Fund Regulatory and Development Authority (PFRDA): The regulatory body that issued these regulations and oversees the pension sector and the National Pension System in India.
Pension Fund Regulatory and Development Authority Act, 2013: The primary legislation that empowers the PFRDA to frame regulations and manage the pension sector.
National Pension System (NPS): The voluntary contribution-based pension system governed by these exit and withdrawal regulations.
Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the National Pension System) Regulations, 2015: The principal regulatory document being amended to allow pension funds to engage external entities for operationalizing specific purpose schemes.
Central Recordkeeping Agency: A key intermediary entity mentioned as a required point of technical integration for external agencies engaged by pension funds.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-20072026-274607
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 450] नई दिल्ली, मगं लिार, िुलाई 14, 2026/आषाढ 23, 1948 ष 22, 1947
No. 450] NEW DELHI, TUESDAY, JULY 14, 2026/ASHADHA 23, 1948 s 1947
पिें न जनजध जिजनयामक और जिकास प्राजधकरण
अजधसचू ना
नई दिल्ली, 13 िुलाई, 2026
पिें न जनजध जिजनयामक और जिकास प्राजधकरण (राष्ट्रीय पिें न प्रणाली के अतं गतग जनकास और प्रत्य ाहरण) (सिं ोधन)
जिजनयम, 2026
फा.स.ंपीएफआरडीए/16/14/06/0009/2018-आरईिी-एजजिट.—पेंिन जनजध जिजनयामक और जिकास
प्राजधकरण अजधजनयम, 2013 (2013 का 23) की धारा 52 के उप-धारा (2) के खंड (छ), (ि) और (झ) के साथ पठित
उसकी उप-धारा (1) द्वारा प्रित्त िजियों का प्रयोग करत े हुए, पेंिन जनजध जिजनयामक और जिकास प्राजधकरण द्वारा पेंिन
जनजध जिजनयामक और जिकास प्राजधकरण (राष्टर ीय पेंिन प्रणाली के अंतगगत जनकास और प्रत्य ाहरण) जिजनयम, 2015 म ें
संिोधन करने हते ु जनम्नजलजखत जिजनयम बनाए िाते है, नामत:-
1. इन जिजनयमों को पेंिन जनजध जिजनयामक और जिकास प्राजधकरण (राष्ट्रीय पिें न प्रणाली के अंतगतग जनकास और
प्रत् याहरण) (संिोधन) जिजनयम, 2026 कहा िायेगा।
2. ये रािपत्र म ेंउनके प्रकािन की जतजथ स ेप्रिृत् त होंगे।
3. पेंिन जनजध जिजनयामक और जिकास प्राजधकरण (राष्ट्रीय पिें न प्रणाली के अंतगगत जनकास और प्रत् याहरण)
जिजनयम, 2015 म:ें
क. जिजनयम 4 क में :
5381 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
i. मौिूिा जिजनयम को उप-जिजनयम (1) के रूप में क्रमांदकत दकया िाएगा।
ii. जिजनयम 4 के उप-जिजनयम (1) के पश् चात, जनम्नजलजखत को अतं :स्ट्थ ाजपत दकया िाएगा :
“(2) पेंिन जनजध द्वारा उपलब् ध कराय ेिान ेिाली दकसी जिजिष्टट उद्देश्य योिना हतेु, िह प्राजधकरण द्वारा िारी
दििा-जनिेिों के अनुसरण में, ऐसी योिना के पठरचालन हतेु ऐसे कायों को जनष्टप ादित करने में समथग दकसी अन् य
संस्ट् था को संलज न कर सकती ह।ै हालााँदक, पेंिन जनजध ऐसी योिना के अंतगगत दकसी भी सेिा का लाभ प्राप् त करन े
िाले अजभिाता के प्रजत उत्तरिायी और उसके द्वारा संलजन की गई दकसी संस्ट् था, िैसा दक ऊपर जिजनर्िगष्ट ट है, द्वारा
दकसी भी प्रकार की चूक अथिा लोप संबंधी कृताकृत् य के जलए ििाबिेह होगी।
(3) ऐसी दकसी अन् य सस्ट्ं था के पास अजभिाता को अथिा उसकी ओर से लाभ के भगुतान या अन् य सेिाओं की
सुजिधा अथिा सूचना के एकत्रीकरण के प्रयोिन के जलए केन्र ीय अजभलेखपाल अजभकरण सजहत प्राजधकरण के
साथ पंिीकृत पिें न जनजध अथिा दकसी अन् य मध् यिती के साथ एकीकरण हते ुतकनीकी क्षमता होनी आिश् यक ह।ै
(4) पेंिन जनजध और इस प्रािधान के अंतगगत पठरकजल्पत सेिाओं की व् यिस्ट् था के प्रयोिनाथग संलज न की गई संस्ट्थ ा
का पयगिेक्षण, लाग ूसभी अन् य कानूनों के अनुपालन के अलािा प्राजधकरण द्वारा िारी दििा-जनिेिों और अनुिेिों
के अंतगगत दकया िाएगा।”
श्री जििसुब्रमाजणयन रमण, अध्यक्ष
[जिज्ञापन-III/4/असा./219/2026-27]
ठटप् पणी : पिें न जनजध जिजनयामक और जिकास प्राजधकरण (राष्ट्रीय पेंिन प्रणाली के अतं गगत जनकास और प्रत् याहरण)
जिजनयम, 2015 को अजधसूचना संख्या पीएफआरडीए/12/आरिीएल/139/8 के माध्यम से दिनांक 11 मई, 2015 को
भारत के रािपत्र में प्रकाजित दकया गया था और इसे दिनांक 16 दिसंबर 2025 को अजधसूचना संख्या
पीएफआरडीए/16/14/06/0009/2018-आरईिी-एजजिट के माध् यम से भारत के रािपत्र में प्रकाजित पेंिन जनजध
जिजनयामक और जिकास प्राजधकरण (राष्ट्रीय पेंिन प्रणाली के अंतगतग जनकास और प्रत् याहरण) (संिोधन) जिजनयम, 2025
के द्वारा अंजतम बार संिोजधत दकया गया था।
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
NOTIFICATION
NEW DELHI, the 13th July, 2026
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY (EXITS AND
WITHDRAWALS UNDER THE NATIONAL PENSION SYSTEM) (AMENDMENT)
REGULATIONS, 2026
F. No. PFRDA/16/14/06/0009/2018-REG-EXIT.—In exercise of the powers conferred by
subsection (1) of section 52 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of
2013) read with clauses (g), (h), and (i) of sub-section (2) thereof, the Pension Fund Regulatory and
Development Authority hereby makes the following regulations to amend the Pension Fund Regulatory
and Development Authority (Exits and Withdrawals under the National Pension System) Regulations,
2015, namely: -
1. These regulations may be called the Pension Fund Regulatory and Development Authority (Exits and
Withdrawals under the National Pension System) (Amendment) Regulations, 2026.
2. These shall come into force on the date of their publication in the Official Gazette.
3. In the Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the
National Pension System) Regulations, 2015:
a. In Regulation 4A:
i. Existing regulation shall be numbered as sub-regulation (1).[भाग III—खण् ड 4] भारत का रािपत्र : असाधारण 3
ii. After sub-regulation (1) of regulation 4A, following shall be inserted:
“(2) For any specific purpose scheme to be provided by the Pension Fund, it may engage any other
entity capable of performing such functions to operationalize such scheme, in accordance with the
guidelines issued by the Authority. However, the Pension Fund shall be responsible to the
subscriber, who has availed any service under such scheme and be liable for any act of omission
or commission of any entity engaged by it, as specified above.
(3) Such other entity shall have the technological capacity to integrate with Pension Fund or any
other intermediary, registered with the Authority, including the Central Recordkeeping Agency, for
the purpose of collection of information or facilitation of payment of benefits or any other services,
to or on behalf of the subscriber.
(4) The Pension Fund and the entity engaged by it for the purpose of provision of services
envisaged under this provision shall be supervised under the guidelines and instructions issued by
the Authority besides compliance with all other laws as are applicable.”
Shri SIVASUBRAMANIAN RAMANN, Chairperson
[ADVT.-III/4/Exty./219/2026-27]
Note: The Pension Fund Regulatory and Development Authority (Exits and Withdrawals under the
National Pension System) Regulations, 2015 were published in the Gazette of India on 11th May, 2015
vide notification No. PFRDA/12/RGL/139/8; and were last amended by the Pension Fund Regulatory
and Development Authority (Exits and Withdrawals under the National Pension System)
(Amendment) Regulations, 2025 published in the Gazette of India on 16th December 2025 vide
notification No. PFRDA/16/14/06/0009/2018-REG-EXIT.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.