Home Finance
Personal Finance
SME Finance
Loan Against Securities
Business
Mutual Funds
Stock and Securities
Portfolio Management Services
Pension Fund
Real Estate Investments
Life Insurance
Health Insurance
Multiply Wellness
Motor Insurance
Travel Insurance
Pay Bills
Pay anyone
Pay on call
Payment Lounge
ABC Credit Cards
1800-270-7000
MSF
Goal-based, flexible retirement planning scheme
Multiple Scheme Framework (MSF)
The Non-Government Sector (NGS) under the National Pension System (NPS) has steadily evolved into a strong and growing part of India's retirement planning landscape. It reflects how more people outside government jobs—such as corporate employees, professionals, self-employed individuals, and those working in the platform or digital economy—are showing trust in NPS as a reliable way to build financial security for their future.
Encouraged by the steady progress so far, there is now a focus on tapping into the much larger potential this sector holds. To support this, the Pension Fund Regulatory and Development Authority (PFRDA) has introduced a new initiative called the Multiple Scheme Framework (MSF). This move is aimed at strengthening the overall pension ecosystem in the country by offering NPS subscribers' greater freedom and more options when it comes to planning for retirement.
The MSF has been launched under the provisions of the PFRA Act, which allows subscribers to access more than one scheme within the NPS. The goal is to provide more flexibility and a wider range of choices, so that individuals can align their pension investments more closely with their personal financial goals. This approach also brings India's pension framework closer to global standards, making it more modern and responsive to the diverse needs of today's workforce.
Overall, this marks an important step forward in making the NPS more inclusive, adaptable, and appealingespecially for those outside the traditional government sector.
Encouraged by the steady progress so far, there is now a focus on tapping into the much larger potential this sector holds. To support this, the Pension Fund Regulatory and Development Authority (PFRDA) has introduced a new initiative called the Multiple Scheme Framework (MSF). This move is aimed at strengthening the overall pension ecosystem in the country by offering NPS subscribers' greater freedom and more options when it comes to planning for retirement.
The MSF has been launched under the provisions of the PFRA Act, which allows subscribers to access more than one scheme within the NPS. The goal is to provide more flexibility and a wider range of choices, so that individuals can align their pension investments more closely with their personal financial goals. This approach also brings India's pension framework closer to global standards, making it more modern and responsive to the diverse needs of today's workforce.
Overall, this marks an important step forward in making the NPS more inclusive, adaptable, and appealingespecially for those outside the traditional government sector.
