Pension Fund Regulatory and Development Authority (PFRDA) will allow online exit of subscribers from National Pension System from 1st of April this year. Speaking at a pension conclave in New Delhi today, PFRDA Chairman Hemant G Contractor said the regulator is constantly striving to improve the risk and reward profile of the investment portfolio. Over the last one year, the PRFDA has also spruced up the pension product, making it user friendly by introducing the online registration and contribution.He said at present, 16 banks are providing the facility and around 35 lenders are using the SBI payment gateway, which can facilitate the service to all citizens. The Chairman said efforts are required to meet the challenges facing the unorganised sector including low awareness and low income levels to save for the future.