NPS: Reaching the masses remains a challenge: Raman

S. Raman, Chairman of the Pension Fund Regulatory and Development Authority (PFRDA), stated that making the National Pension Scheme (NPS), which he described as the lowest-cost retirement plan, accessible to the public is challenging. He noted that while the scheme is designed for every citizen and is cheaper than any mutual fund, the challenge lies in reaching the 60 crore people with bank accounts across the country. To address this, measures have been taken to reduce the cost of acquiring new customers, allowing distributors to bring customers into the pension fund domain through the Star NPS Digital system.