PFRDA is the nodal agency for National Pension System (NPS). Which division of Finance Ministry has jurisdiction over it?

The nodal agency for the National Pension System (NPS) is indeed the Pension Fund Regulatory and Development Authority (PFRDA). The division of the Finance Ministry that has jurisdiction over the PFRDA is the Department of Financial Services (DFS).

The DFS is responsible for the formulation and implementation of policies related to financial sector regulation, including pensions, insurance, and banking. This department oversees the operational framework within which the PFRDA operates, ensuring that the regulatory framework for the NPS is in line with the overall economic policies of the government. The collaboration between the PFRDA and the DFS is essential for the effective governance and growth of pension services in India, contributing to the financial security of individuals in their retirement years.