PFRDA Circulars are an important part of current affairs preparation for candidates appearing for the PFRDA Grade A Exam 2026 and other regulatory body examinations. These circulars provide information about new rules, changes in the NPS framework, subscriber services, pension fund management and the functioning of different stakeholders.
In July 2026, PFRDA issued three important circulars covering investment choice options for Central Autonomous Bodies, NPS PRIDE-DISHA, and the engagement of other persons as Pension Agents by Points of Presence (PoPs).
Download PFRDA July Circular 2026 Practice Quiz PDF
The PFRDA July Circular 2026 Practice Quiz PDF covers important facts and concepts from all three PFRDA circulars issued during July 2026.
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| PFRDA July Circular 2026 Quiz PDF | Download Free PDF |
| PFRDA July Circular 2026 Circular Details | Check Details |
Attempt the PFRDA July Circular 2026 Practice Quiz
The PFRDA July Circular 2026 Practice Quiz includes exam-oriented MCQs based on the regulatory updates issued by PFRDA during July 2026. The questions are designed to test both factual and conceptual understanding of the circulars.
1. In the NPS PRIDE-DISHA subscriber awareness and decision-support framework introduced in July 2026, what is the nature of the tool’s return analysis?
2. Under the amended PFRDA Registration of Pension Funds Guidelines, 2026, what was the amendment date?
3. Under the amended PFRDA Registration of Pension Funds Guidelines, 2026, what is the PFRDA website publication date of the amended guidelines?
4. Under the amended PFRDA Registration of Pension Funds Guidelines, 2026, what is the minimum positive net worth requirement appearing in the eligibility conditions?
5. Under the amended PFRDA Registration of Pension Funds Guidelines, 2026, what is the period for which the Rs 50 crore positive net worth condition is stated?
6. Under the July 2026 amendment to the NPS exit and withdrawal framework, what is the regulation amended?
7. Under the July 2026 amendment to the NPS exit and withdrawal framework, what is the treatment of the existing Regulation 4A text?
8. Under the July 2026 amendment to the NPS exit and withdrawal framework, Who may engage another capable entity for a specific-purpose scheme?
9. Under the July 2026 amendment to the NPS exit and withdrawal framework, what is the liability for acts or omissions of an entity engaged for a specific-purpose scheme?
10. Under the July 2026 amendment to the NPS exit and withdrawal framework, what is the technology requirement for the engaged entity?
11. Under the July 2026 amendment to the NPS exit and withdrawal framework, what is one purpose for which such integration may be used?
12. Under the July 2026 amendment to the NPS exit and withdrawal framework, what is another purpose for which such integration may be used?
13. Under the July 2026 amendment to the NPS exit and withdrawal framework, what is the supervisory basis for the Pension Fund and engaged entity?
14. Under the PFRDA Regulatory Sandbox Regulations, 2026, what issue date was shown on the PFRDA website?
15. Under the PFRDA Regulatory Sandbox Regulations, 2026, what is the core objective of a regulatory sandbox?
16. Under the PFRDA Regulatory Sandbox Regulations, 2026, which parameter defines the boundaries of an approved test?
17. Under the PFRDA Regulatory Sandbox Regulations, 2026, which parameter specifies how long an approved test may run?
18. Under the PFRDA Regulatory Sandbox Regulations, 2026, what may PFRDA prescribe to define the conditions or metrics of a sandbox test?
19. Under the PFRDA Regulatory Sandbox Regulations, 2026, what type of limit may PFRDA impose on participation in an approved sandbox test?
20. Under the PFRDA Regulatory Sandbox Regulations, 2026, what is the nature of any exemption or relaxation granted in the sandbox?
Quiz Summary
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What are the PFRDA Circulars issued in July 2026?
The July 2026 PFRDA Circulars mainly focused on enhancing investment choices under NPS, helping subscribers understand Pension Fund returns, and allowing Points of Presence to engage other persons as Pension Agents.
| Date | Circular | What You Need to Remember |
| 9 July 2026 | Enhancement of Investment Choice Options under NPS for subscribers of Central Autonomous Bodies (CABs) | Two new Auto Choice options |
| 14 July 2026 | Introduction of NPS PRIDE-DISHA | Tool to understand and compare Pension Fund returns |
| 30 July 2026 | Permitting PoPs to engage other persons as Pension Agents | PoPs can engage eligible other persons as Pension Agents |
What was the PFRDA circular on investment choice options for CAB subscribers?
PFRDA issued the circular “Enhancement of Investment Choice Options under NPS for subscribers of Central Autonomous Bodies (CABs)”. The circular relates to the investment choices available to NPS subscribers of Central Autonomous Bodies (CABs).
Following an Office Memorandum issued by the Department of Expenditure, Ministry of Finance, on 1 July 2026, PFRDA expanded the existing investment choice options available to CAB subscribers. Two additional Auto Investment Choice options were introduced.
The two new options are:
- Life Cycle 75 – High
- Life Cycle – Aggressive
With the introduction of these two options, the total number of investment choice options available to CAB subscribers increased to six. This update is important as this scheme did not introduce a new pension scheme. It expanded the investment choice options available under NPS for CAB subscribers.
What is NPS PRIDE-DISHA introduced by PFRDA?
PFRDA issued the circular “Introduction of NPS PRIDE-DISHA (Pension Fund Returns for Informed Decision & Empowerment): A Subscriber Awareness and Decision Support Digital Tool Kit”. NPS PRIDE-DISHA is a digital tool designed to help NPS subscribers understand the historical performance of different Pension Funds and investment choices.
The full form of PRIDE-DISHA is: Pension Fund Returns for Informed Decision & Empowerment
The main purpose of the tool is to provide subscribers with information that can support their investment decisions. Instead of simply looking at point-to-point returns, the tool allows historical performance to be assessed using periodic contributions and the XIRR methodology.
How does NPS PRIDE-DISHA work?
The tool uses historical scheme-wise NAV data dating back to 2008. It uses thousands of days of historical NAV data to compare different investment combinations. PFRDA’s tool provides historical comparisons rather than predicting future returns. Subscribers can use the tool to understand how their retirement corpus would have accumulated under different investment choices based on historical data.
Is NPS PRIDE-DISHA a return prediction tool?
No. NPS PRIDE-DISHA uses historical data to compare past performance. It does not predict future returns or provide future performance estimates. PFRDA has positioned the tool as a decision-support and awareness tool, not as a forecasting or investment advisory tool.
What is the PFRDA update on Pension Agents and PoPs?
PFRDA issued a circular permitting Points of Presence (PoPs) to engage other persons as Pension Agents for the distribution of pension schemes. The circular was issued under Regulation 2(1)(j)(iv) of the PFRDA (Point of Presence) Regulations, 2018. It allows additional categories of entities to act as Pension Agents, subject to the conditions specified by PFRDA. One important category specifically covered by the circular is Cluster-Based Business Organisations (CBBOs).
PoPs can engage eligible CBBOs as Pension Agents when these organisations have been empanelled, appointed or engaged by Central Government Ministries or Departments, State Governments, or implementing agencies for the formation, promotion or handholding of Farmer Producer Organisations (FPOs).
The circular mentions agencies such as:
- Small Farmers’ Agri-Business Consortium (SFAC)
- National Agricultural Cooperative Marketing Federation of India (NAFED)
- National Cooperative Development Corporation (NCDC)
- National Bank for Agriculture and Rural Development (NABARD)
Also Check:
| Particulars | Link |
| PFRDA Grade A Practice Quiz | Download PDF |
| PFRDA Grade A Previous Year Papers | Download Now |
| PFRDA Grade A Prep Kit | Download Now |
FAQs
Life Cycle 75 – High and Life Cycle – Aggressive.
The total increased to six investment choice options.
Pension Fund Returns for Informed Decision & Empowerment.
No. It uses historical data to provide comparisons and does not predict future Pension Fund returns.
Eligible Cluster-Based Business Organisations (CBBOs) involved in the formation, promotion or handholding of FPOs can be engaged by PoPs, subject to the specified conditions.
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