The National Pension System (NPS) is open to all Indian citizens, except Hindu Undivided Family (HUF), Overseas Citizens of India (OCI), and People of India Origin (PIO).

PFRDA issues new guidelines for regulated entities (REs) and intermediaries to protect the data and privacy of the National Pension System (NPS) subscribers.

Union Finance Minister Nirmala Sitharaman on Tuesday introduced the NPS Vatsalya that allows parents to contribute and open an account on behalf of their minor children. Learn more.

India’s pension sector is on a positive trajectory, the economic survey notes but achieving comprehensive coverage and financial security for all requires sustained effort and collaboration across various sectors.

Enrolments in the Atal Pension Yojana (APY) scheme rose around 24 per cent to 643.52 lakhs in FY2023-24, with higher participation from women and younger people.

All eligible Indian citizens can open a National Pension System (NPS) account online and offline with certain conditions.

The National Pension System (NPS) is a government-backed small savings scheme for retirement; it offers various tax benefits during the contribution phase and at maturity.

As of March 1, 2024, NPS added 7.92 lakh new members, and PFRDA has set a goal of adding one million new users by the end of March 2024.

Sharing the national figures, Mohanty said 144 lakh employees, including 90 lakh government ones, have enrolled under the National Pension System (NPS) so far.

The National Pension System (NPS) is a retirement planning tool open for non-resident Indians (NRIs) as well.