PFRDA alerts investors about fraudulent NPS website and pension schemes app 'xpo-ru'

The Pension Fund Regulatory and Development Authority (PFRDA) has issued a public notice dated 13th February, cautioning the public against a fraudulent website and mobile application, “xpo-ru,” which has been reportedly carrying out illegal activities by collecting funds from investors.

According to the notice, the platform was promoting schemes such as “high returns and bonus, refer and earn, etc.,” primarily targeting residents in Bharatpur, Rajasthan.

The Authority clarified that the entity “is not registered in respect of activities falling within the jurisdiction of the PFRDA Act, 2013” and is operating fraudulently. PFRDA has strongly advised the public not to deal with or provide any funds or personal documents to the website, mobile application, or any of its representatives.

The notice also clearly states, “PFRDA shall not be liable for any loss suffered by any person on account of any dealings with unauthorised entities/individuals which shall be at their sole risk.”

This advisory comes as part of PFRDA’s ongoing efforts to safeguard the interests of investors and ensure the integrity of pension schemes under its supervision. The Authority reiterated that all participation in regulated pension schemes must be through officially registered channels to avoid exposure to fraud.

This notice has been issued in the interest of the general public to prevent fraud and ensure safe participation in pension schemes regulated under the PFRDA framework.