SBI new pension scheme ?

by admin on December 11, 2011

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plz tell me about State bank of india new pension scheme , some of my friend took that scheme, but i dont any thing about that, they told its good scheme thats all , i searched in google i did not got good info, if u know plz help me .


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{ 1 Answer… read it below or add one }

HMT December 11, 2011 at 11:35 am

NPS is a scheme introduced by the central govt & not SBI. SBI MF is one of the 6 fund managers. It seems you do not know how to use the search engine.

REGULATOR: Pension Fund Regulatory & Development Authority

NPS TRUST: A trust, set up under the Indian Trusts Act, that is responsible for taking care of the funds under the New Pension Scheme (NPS) and protect subscriber interests

POINTS OF PRESENCE(PoPs): It is the first point of interaction. The 22 registered PoPs have authorised branches to act as collection points and extend services to customers

CENTRAL RECORDKEEPING AGENCY (CRA): The back office for maintaining records, administration and customer service functions. National Securities Depository Ltd has been designated the CRA

PENSION FUND MANAGERS: At present, there are six fund managers

TRUSTEE BANK: Bank of India is the designated agency to facilitate fund transfers across various entities such as subscribers, the fund managers and the annuity service providers



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