PFRDA Circular: Reclassification of Corporates under NPS

Reclassification of Corporates into Government and Legal Entities

Circular No: PFRDA/2026/18/REG-POP/03
Date: 10 March 2026
Issued by: Pension Fund Regulatory and Development Authority (PFRDA)

The PFRDA has issued a new directive regarding the classification of organizations under the National Pension System (NPS). Existing "Corporates" are now being reclassified into two distinct categories: Government Entities and Legal Entities (other than Government).

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What is a "Government Entity"?

A Government Entity includes any statutory body, Government Company, or Body Corporate under the ownership and control of Central or State Governments, including CPSEs and SPSEs. These organizations will now be aligned with the Government Sector model of NPS.

Key Requirements for Government Entities

• No PoP Charges: Employees will no longer be tagged through a Point of Presence (PoP), and PoP-related charges will not apply.
• Mandatory Coverage: Entities must provide an undertaking that all employees are mandatorily covered under NPS from a specific cut-off date.
• Fund Transfer: Any existing Assets Under Management (AUM) in Superannuation Funds must be transferred to the NPS Architecture within one year.
• Technical Capability: Entities must integrate directly with Central Recordkeeping Agency (CRA) systems for onboarding and contributions.

Deadline: Organizations must submit their certification/undertaking to their respective CRA by 27 March 2026. Failure to do so will result in the entity being classified as a "Legal Entity (other than Government)," subject to standard charges.

Contact Information for Queries

CRA / Trustee Bank	Concerned Official	Designation	Email
Protean Technologies	Saurabh Das	Vice Assistant President	saurabhd@proteantech.in
KFintech	Anuroop Ananthula	Assistant Manager	anuroop.ananthula@kfintech.com
CAMS	Rahul Goyal	Head, Business Development	rahul.goyal@camsonline.com
Axis Bank (Trustee Bank)	Hari Ganesh Bala Satya Chappidi	Senior Manager	Hariganesh.Chappidi@axisbank.com

⚠️ Disclaimer

Educational Purpose Only: The information provided in this article is for general informational and educational purposes only.

Accuracy & Mistakes: While every effort has been made to ensure accuracy, human errors or omissions may occur.

No Liability: Under no circumstances shall the author or this website be held liable for any loss arising from the use of this information.

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