PFRDA Circulars are an important part of current affairs preparation for candidates appearing for the PFRDA Grade A Exam and other regulatory body examinations. The September 2026 PFRDA updates covered important developments related to NPS contribution remittances and NPS Swasthya. These updates are useful for understanding the latest changes in the NPS framework and can be important for current-affairs-based questions in the PFRDA Grade A Exam.
Download PFRDA September Circular 2026 Practice Quiz PDF
The PFRDA September Circular 2026 Practice Quiz PDF covers important regulatory updates issued during September 2026.
| Particulars | Link |
|---|---|
| PFRDA September Circular 2026 Quiz PDF | Download Free PDF |
| PFRDA September Circular 2026 Details | Check Details |
Attempt the PFRDA September Circular 2026 Practice Quiz
The PFRDA September Circular 2026 Practice Quiz helps candidates test their understanding of the latest PFRDA regulatory updates through exam-oriented MCQs. The quiz covers important factual and conceptual points from the September updates and can be useful for quick revision before the PFRDA Grade A Exam.
1. Under the September 2026 advisory on mandatory TID capture for Government-sector NPS remittances, what is the sector specifically targeted by the advisory?
2. Under the September 2026 advisory on mandatory TID capture for Government-sector NPS remittances, what is the approximate proportion of Government remittances stated as requiring manual intervention due to TID issues?
3. Under the September 2026 Operational Guidelines for NPS Swasthya, on which date was the update issued?
4. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the broad purpose of NPS Swasthya?
5. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the eligibility principle?
6. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the insurance condition for enrolment?
7. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the legal relationship between NPS account and insurance policy?
8. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the minimum amount to be invested in the NPS Swasthya account at enrolment?
9. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the minimum subsequent contribution?
10. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the annual HBA maintenance charge?
11. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the maximum additional Pension Fund management charge?
12. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the investment pattern followed by NPS Swasthya?
13. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the partial-withdrawal cap for eligible healthcare expenses?
14. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the numerical limit on the number of healthcare partial withdrawals?
15. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the minimum waiting period for the first or subsequent partial withdrawal?
16. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the normal settlement destination of an eligible healthcare withdrawal?
17. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the condition enabling premature exit for healthcare?
18. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the treatment of balance after eligible healthcare expense on premature exit?
19. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the standard family floater composition?
20. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the treatment of parents under the standard family floater?
21. Under the September 2026 Operational Guidelines for NPS Swasthya, what is the subscriber entry-age range for the insurance component?
Quiz Summary
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What are the PFRDA Circulars covered in September 2026?
As of September 2026, PFRDA has issued two important regulatory updates in September 2026. One deals with the remittance of NPS contributions to the Trustee Bank, while the other introduces the detailed operational framework for NPS Swasthya.
- Mandatory capture of TID while remitting NPS contributions to the Trustee Bank
- Operational Guidelines for NPS Swasthya under NPS, 2026
What is the PFRDA TID Advisory issued in September 2026?
The PFRDA issued an advisory on to make NPS contribution remittances easier to identify and track. The advisory requires the Transaction ID (TID) to be captured in the “Sender to Receiver Information” field while remitting NPS contributions to the Trustee Bank.
| Topic | Details |
| Advisory Date | 14 September 2026 |
| Issued By | Pension Fund Regulatory and Development Authority (PFRDA) |
| TID Full Form | Transaction ID |
| Purpose | To make NPS contribution remittances easier to identify and track |
| Where is TID captured? | In the “Sender to Receiver Information” field |
| Applicable To | Remittance of NPS contributions |
| Contribution Remitted To | Trustee Bank |
What are the Operational Guidelines for NPS Swasthya 2026?
PFRDA issued the Operational Guidelines for NPS Swasthya under the National Pension System (NPS), 2026 on 18 September 2026. NPS Swasthya combines retirement savings with healthcare-related benefits through an NPS investment account and a separate super top-up health insurance policy. The guidelines came into force immediately.
| Topic | Details |
| Scheme | NPS Swasthya |
| Main Purpose | Combines retirement savings and healthcare benefits |
| Account Structure | 1. NPS Swasthya investment account 2. Separate super top-up health insurance policy |
| Insurance Requirement | The health insurance policy is mandatory for enrolment |
| Relationship Between the Two | The investment account and insurance policy remain legally and operationally separate |
| Eligibility | Any individual eligible to join NPS can enrol, subject to applicable guidelines |
| Minimum Initial Contribution | Includes first-year insurance premium with taxes + ₹200 annual maintenance charge with applicable taxes + ₹1,000 investment in the NPS Swasthya account |
| Minimum Subsequent Contribution | ₹10 |
| Investment Pattern | Follows the Central Government Scheme under applicable PFRDA investment guidelines |
| Pension Fund | Each Pension Fund maintains a separate scheme account for NPS Swasthya |
What are the charges under NPS Swasthya?
NPS Swasthya follows the applicable charges under the All Citizen Model of NPS. In addition, the Pension Fund may charge up to 0.08% per annum of the NPS Swasthya corpus, while an annual maintenance charge of ₹200 plus applicable taxes is payable to the Health Benefit Administrator (HBA) through the Pension Fund. All charges must be clearly disclosed before enrolment and whenever there is any change.
| Charge | Details |
| NPS Charges | Charges applicable under the All Citizen Model of NPS will apply |
| Pension Fund Charge | Pension Fund may charge up to 0.08% per annum of the NPS Swasthya corpus, plus applicable taxes |
| Annual Maintenance Charge | ₹200 per year + applicable taxes, payable to the Health Benefit Administrator (HBA) through the Pension Fund |
| Disclosure of Charges | Charges must be disclosed before enrolment and whenever they are changed |
How does partial withdrawal work under NPS Swasthya?
NPS Swasthya allows subscribers to make partial withdrawals for eligible healthcare expenses, including outpatient and inpatient treatment. A subscriber can withdraw up to 25% of the contributions made to the NPS Swasthya account, with no limit on the number of withdrawals or any minimum waiting period. The withdrawn amount is paid directly to the hospital, healthcare provider or other eligible entity, rather than to the subscriber.
| Topic | Details |
| Purpose | Withdrawal is allowed for eligible healthcare expenses, including eligible outpatient and inpatient expenses |
| Maximum Withdrawal | Up to 25% of the contributions made by the subscriber to the NPS Swasthya account |
| Number of Withdrawals | There is no restriction on the number of partial withdrawals |
| Waiting Period | There is no minimum waiting period for the first or subsequent partial withdrawal |
| Payment | The amount is not paid directly to the subscriber. It is settled with the hospital, healthcare provider or other eligible entity |
| Example | If the subscriber has contributed ₹4 lakh, the maximum eligible partial withdrawal can be ₹1 lakh |
Can funds be transferred to NPS Swasthya?
Yes. Funds can be transferred from an existing NPS scheme under the All Citizen Model to NPS Swasthya. However, the transfer is limited to the amount required to meet the applicable deductible under the health insurance policy.
When can NPS Swasthya be closed?
NPS Swasthya can be closed under different situations, including normal exit, premature exit, non-availability of funds for insurance renewal, and death. Premature exit is subject to specific healthcare-related conditions, while closure may also take place if the subscriber does not have sufficient funds to renew the health insurance policy.
| Situation | Details |
| Normal Exit | NPS Swasthya can be closed through normal exit provisions |
| Premature Exit | Allowed in specific healthcare-related situations |
| Insurance Renewal Issue | Closure may occur if sufficient funds are not available to renew the insurance |
| Death | Closure is also covered in case of death |
When is premature exit allowed under NPS Swasthya?
Premature exit is allowed when eligible inpatient healthcare expenditure in a single instance is higher than the amount that can be met through partial withdrawal.
- The accumulated NPS Swasthya corpus is first used for the eligible inpatient healthcare expense.
- If any amount remains after meeting the expense, the NPS Swasthya account is closed.
- The remaining amount is merged into an NPS scheme under the All Citizen Model.
What happens if the NPS Swasthya insurance is not renewed?
If the balance in the NPS Swasthya account may not be sufficient to pay the renewal premium, the Pension Fund should, where practicable, alert the subscriber 90, 60 and 30 days before the renewal date. If the premium is still not paid after the applicable grace period and the insurance policy lapses:
- The NPS Swasthya account will be treated as closed.
- The account will be merged into an NPS scheme under the All Citizen Model.
What are the roles of different entities under NPS Swasthya?
NPS Swasthya involves different entities, with each having a specific role. PFRDA regulates the scheme, while the Pension Fund manages it. The Health Benefit Administrator (HBA) handles technology and administrative support, the insurer provides the super top-up health insurance, and the TPA performs functions assigned under the insurance arrangement.
| Entity | Role |
| PFRDA | Regulates NPS Swasthya and provides the regulatory framework |
| Pension Fund (PF) | Offers and manages NPS Swasthya and handles administration, governance, technology, risk management, subscriber services and compliance |
| Health Benefit Administrator (HBA) | Handles technology, account administration, coordination for authorisation, record keeping and healthcare technology platform services |
| HBA | Being empanelled does not make the HBA an insurer or a Third Party Administrator (TPA) |
| Insurer | Provides the super top-up health insurance policy and must be registered with IRDAI |
| Insurer’s Responsibilities | Insurance conduct, underwriting, policy issuance and claims are governed by applicable insurance laws |
| TPA | Performs functions assigned under the applicable insurance arrangements |
What happened to the earlier NPS Swasthya Regulatory Sandbox schemes?
The earlier Regulatory Sandbox NPS Swasthya schemes will be discontinued once the new framework is implemented. Existing subscribers can:
- Migrate to the new NPS Swasthya scheme, or
- Merge their investment into an NPS scheme under the All Citizen Model.
PFRDA has directed the concerned Pension Fund, Central Recordkeeping Agency (CRA) and other intermediaries to facilitate the required migration and transfer.
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
TID stands for Transaction ID.
The TID must be captured in the “Sender to Receiver Information” field.
TID capture is required while remitting NPS contributions to the Trustee Bank.
NPS Swasthya consists of an NPS Swasthya investment account and a mandatory super top-up health insurance policy.
The minimum initial investment in the NPS Swasthya account is ₹1,000.
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