New Delhi, April 16 (IANS) To curb money laundering and financial crimes, the Financial Intelligence Unit-India (FIU-IND) has signed two separate memorandums of understanding (MoUs) with the Securities and Exchange Board of India (SEBI) and the Pension Fund Regulatory and Development Authority (PFRDA) to enhance information sharing and inter-agency coordination, the Ministry of Finance said on Thursday.The agreements mark a step towards strengthening collaborative intelligence-sharing mechanisms…
Latest Pension Fund Regulatory and Development Authority News & Updates
Gandhinagar, Jan 19 (IANS) Under the nationwide financial awareness drive titled ‘Your Money, Your Right’, more than Rs 104 crore has been returned to original account holders in Gujarat, reaffirming the principle that every rupee saved by citizens rightfully belongs to them and their families.The campaign was formally launched in October 2025 from Gandhinagar, the capital of Gujarat, in the presence of Union Finance Minister Nirmala Sitharaman, who flagged off the initiative at the national lev…
New Delhi, Jan 1 (IANS) The Pension Fund Regulatory and Development Authority’s (PFRDA) board has approved a framework to permit Scheduled Commercial Banks (SCBs) to independently set up Pension Funds to manage NPS, with the objective of strengthening the pension ecosystem, it was announced on Thursday.This will enhance competition and safeguard subscriber’s interests.The proposed framework seeks to address existing regulatory constraints that had limited bank participation till now, said Mini…
New Delhi, Dec 26 (IANS) The government has succeeded in returning to the rightful owners a total amount of nearly Rs 2,000 crore that was stuck as “unclaimed savings” across banks, insurance, mutual funds, dividends, shares, and retirement benefits held within the regulated financial system, according to an official statement issued on Friday.The funds have been restored through the Centre’s “Your Money, Your Right” nationwide awareness and facilitation initiative, launched in October 202…