Pension Fund Regulatory and Development Authority (PFRDA)

The Pension Fund Regulatory and Development Authority (PFRDA) is a government organization in India that oversees and regulates the pension sector. Its main role is to ensure the security, transparency, and efficiency of pension funds, which help individuals save for retirement. PFRDA manages the National Pension System (NPS), guiding pension fund providers, protecting investors' interests, and promoting the growth of pension schemes. Essentially, it acts as a watchdog to ensure that retirees have reliable financial support in their post-working years.