The Government of India is extremely concerned about the old age income security of the working poor and is focused on encouraging and enabling them to join the National Pension System (NPS). To address the longevity risks among the workers in unorganised sector and to encourage the workers in unorganised sector to voluntarily save for their retirement, the Government had started the Swavalamban Scheme in 2010-11. However, coverage under Swavalamban Scheme is inadequate mainly due to lack of guaranteed pension benefits at the age of 60. Bank is appointed by Central Government to act as a point of presence to transact in Pension Scheme for National Pension Scheme under “Pension Regulatory and Development Authority”. Registration Code of the Point of Presence (POP) is POP297082019
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