Gold loan company, Muthoot Finance has inked pact with the Pension Fund Regulatory and Development Authority (PFRDA) to offer the National Pension Scheme (NPS). After this tie up, Muthoot Finance becomes the only NBFC in Kerala to be approved by the PFRDA to act as a service provider for the pension plan.
With company’s pan-India network of close to 4,000 branches in both urban as well rural areas, it aims to ensure that the benefit of this pension scheme reaches the maximum number of Indians. The salient features of the scheme are that it is open to all citizens between the ages of 18-60 years.
