PFRDA (Registration of Pension Funds) Guidelines, 2026 (as amended on 13.07.2026)
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
(REGISTRATION OF PENSION FUNDS) GUIDELINES, 2026
(as amended on 13.07.2026)
CONTENTS
DISCLAIMER
- INTRODUCTION
- PROCEDURE FOR PENSION FUND REGISTRATION
- SPONSOR (APPLICANT)
- FUNCTIONS AND OBLIGATIONS OF SPONSOR (APPLICANT)
- APPLICATION FEE
- ELIGIBILITY CRITERIA (PRE-QUALIFICATION)
- DISQUALIFICATION / REJECTION
- SUBMISSION OF APPLICATION BY APPLICANT (SPONSOR)
- APPLICATION EVALUATION PROCESS
- REGISTRATION OF PENSION FUND
- DOCUMENTATION BY PENSION FUND WITH INTERMEDIARIES
- COMMENCEMENT OF BUSINESS BY PENSION FUND
- TECHNICAL PARAMETERS
- BUSINESS MANAGEMENT
- INVESTMENT CAPABILITIES
- INVESTMENT TRACK RECORD
- OPERATIONS AND RISK MANAGEMENT
- COMMERCIAL PROPOSAL
- PFRDA’S RIGHT TO ACCEPT OR REJECT ANY OR ALL APPLICATIONS
- GOVERNING LAWS/ JURISDICTION OF COURTS
- POWER TO RESOLVE DIFFICULTIES
ANNEXURE I: FORMAT OF UNDERTAKING LETTER
ANNEXURE II: FORMAT FOR SUBMITTING COMMERCIAL PROPOSAL
ANNEXURE III: FORMAT FOR CONFIRMING FULFILLMENT OF ELIGIBILITY CRITERIA (PRE-QUALIFICATION)
ANNEXURE IV: FORMAT FOR FURNISHING EQUITY SHAREHOLDING IN THE PROPOSED PENSION FUND AND OF THE APPLICANT/ SPONSOR COMPANY/ ENTITY
ANNEXURE V: TECHNICAL EVALUATION PARAMETERS
DISCLAIMER
1. In terms of the PFRDA Act, 2013 and the PFRDA (Pension Fund) Regulations, 2015 and amendments thereof, this guideline is being published to enable/facilitate eligible applicants sponsor(s) to make an application for establishing and registering a Pension Fund with Pension Fund Regulatory and Development Authority (PFRDA), hereinafter referred as ‘Authority’, interchangeably.
2. This document confers neither the right nor an expectation on any party to participate in the process of registration of a Pension Fund by PFRDA. These guidelines do not commit the Authority to issue a letter of appointment or to engage in negotiations.
3. An application submitted under this document, it shall be presumed by PFRDA that the applicant has fully ascertained and ensured about its eligibility to act as a Sponsor of Pension Fund and that there is no statutory or regulatory prohibition or impediment to act as such and it suffers no disability in law or otherwise to act as such.
4. Applicant is advised to go through carefully the provisions of the PFRDA Act, 2013, the Rules notified thereunder and the Regulations issued by Authority, including the PFRDA (Pension Fund) Regulations, 2015 and subsequent amendments (available on the website of the Authority www.pfrda.org.in) and the provisions of NPS trust Regulations before making an application
To read full
COMMENTS