NPS kitty at Rs 3.8cr with 2100 takers
TIMES NEWS NETWORK New Delhi: The government’s ambitious pension plan for all citizens does not seem to be attracting people as since its launch on May 1, it has been able to get only 2,100 subscribers with Rs 3.8 crore as collection. The New Pension System has a multiple point of presence through which the scheme is being extended to the common man, in particular to people from unorganised sectors. The points of presence are extension counters provided by six fund managers appointed by the pension regulator, the Pension Fund Regulatory and Development Authority (PFRDA). According to PFRDA, so far 2,183 accounts have been opened by various collection and distribution centres. The country’s largest private sector lender ICICI Bank has opened the maximum number of 393 accounts, while SBI has opened 264 accounts through its 38 designated branches. The poor response has forced PFRDA to take some corrective measures. It has asked all points of presence to come up with their business plans as it feels more effort is needed to enthuse investors. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
