PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITYPFRDA/2013/10/CRTB/1
30th April, 2013To
All Central Government Ministries & State Governments All PrAOs / PAOs / DTAs / DTOs
All POPs / POP-SPs I Aggregators / Corporates All PFMs / ASPs
Dear Sir / Madam,
Subject: Appointment of new Trustee Bank (TB) under National Pension System (NIPS) - reg.
1. All the offices are hereby informed that Axis Bank has been appointed as a new Trustee Bank in place of Bank of India (the current Trustee Bank) for National Pension System (NPS) with effect from 1st July, 2013.
2. Accordingly, all NPS related funds are to be remitted to the designated accounts of Axis Bank from 1st July, 2013. The Offices shall continue to remit funds to the designated NPS Trust accounts being maintained with the current Trustee Bank, i.e., Bank of India till 30th June, 2013.