Expansion of NPS Investment Universe: Inclusion of NDB Rupee Bonds
Overview
The Pension Fund Regulatory and Development Authority (PFRDA) has officially amended its investment guidelines to include Rupee-denominated Bonds issued by the New Development Bank (NDB) as eligible investments under the National Pension System (NPS). This move follows the in-principle approval from the Ministry of Finance, Government of India.
Key Amendments
The changes apply to both Government and Non-Government sector investment guidelines:
| Investment Category | Previous Eligible Institutions | New Eligible Institutions |
|---|---|---|
| Govt Sector (Category ii (c) Debt) | IBRD, IFC, and ADB | IBRD, IFC, ADB, and New Development Bank |
| Non-Govt Sector (Asset Class C) | IBRD, IFC, and ADB | IBRD, IFC, ADB, and New Development Bank |
Investment Safety & Compliance
- Credit Rating: All investments in these bonds must maintain a credit rating of AA or above.
- Maturity: Existing maturity specifications prescribed under the Investment Guidelines remain unchanged.
- Effective Date: These amendments have come into force with immediate effect as of May 13, 2026.
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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