National Pension System (NPS) subscribers will see changes in how pension investment schemes are presented on digital platforms from December 1, 2026. The Pension Fund Regulatory and Development Authority (PFRDA) has revised its framework to make scheme names, categories and investment risk information clearer for subscribers.
New Guidelines for NPS Scheme Names
Under the revised framework, pension fund schemes operating under the Multiple Scheme Framework (MSF) will have to follow a standardised naming format.
The new format is intended to help subscribers identify schemes more easily and understand which pension fund and investment category they belong to.
PFRDA has also clarified that category codes A to E will not be included as part of the official scheme names.
Pension Platforms Must Display More Information
The revised guidelines also explain how schemes should be displayed on Point of Presence (PoP) websites and digital platforms.
In most cases, platforms operating their own services will have to show subscribers the schemes offered by all pension funds within the investment category selected by them.
This change is expected to make comparisons between available pension investment options more transparent.
When Will the New NPS Rules Apply?
The updated framework was issued through a circular and will become effective from December 1, 2026.
The changes are aimed at improving consistency in NPS scheme presentation and helping subscribers make better-informed retirement investment decisions.
