Computer Age Management Services Limited (CAMS), India’s largest registrar and transfer agent of mutual funds (a SEBI regulated entity), has announced the go-live and launch of Central Record Keeping Agency (CRA) under the National Pension System (NPS).

• UK Self-Driving Startup Wayve Raised USD 1.05 Billion From SoftBank Group 
• Apple Working on a Project To Develop Chip Running AI Softwares in Data Centres
• GST on Corporate Guarantees Temporily Ceased for Holding Companies in India
• Avantel Limited Shares Gain 2% on Securing Rs 2.29 Crore Order  
• India Allowed the Export of Non-Basmati White Rice to Mauritius Through National Cooperative Exports

Sector regulator Pension Fund Regulatory and Development Authority (PFRDA) appointed CAMS as a CRA to broad-base the services to NPS subscribers and the ecosystem. NPS, a voluntary retirement scheme designed and regulated by Pension Fund Regulatory and Development Authority (PFRDA), was launched on 1st January 2004 by the Central Government to help build a retirement corpus.

As one of the three CRAs, the CAMS NPS platform will provide subscriber services leveraging robust technology and deep experience in serving customers for pension account opening, record keeping and maintenance services. This will include subscriber onboarding with multiple KYC options, maintenance and account keeping functions and infrastructure for record-keeping, including customer interaction systems and interfaces like web, mobile app, call centre, etc.