The Pension Fund Regulatory and Development Authority (PFRDA) has decided to enhance incentives to distributors from Rs 50 to Rs 150 for each subscriber for this financial year, a move aimed at popularising the citizen pension plan, which has received lukewarm response so far.

"With a view to boosting the Points of Presence (PoPs) efforts to enrol more subscribers in New Pension Scheme (NPS), PFRDA has decided to enhance, with immediate effect, the monetary incentive for subscriber acquisition from Rs 50 to Rs 150 for the current financial year," PFRDA said in a statement.

Currently, there are 35 PoPs, including banks like State Bank of India and ICICI Bank, which act like contact and collection points for customers wanting to be part of NPS.