Tuesday, October 21, 2025
spot_img

Pension for All: NPS Private Sector Subscriber Base Hits New High

spot_img
- Advertisement -

National Pension System (NPS) has achieved a significant milestone in FY2024–25, with private sector subscriber enrolment crossing the 12 lakh mark.

This remarkable growth highlights the increasing adoption of NPS among private sector employees, driven by its robust framework and attractive benefits.

The Pension Fund Regulatory and Development Authority (PFRDA) has emphasized the importance of expanding pension coverage to ensure financial security for India’s aging population.

NPS Subscriber Growth and Total Numbers

During FY25, the private sector added over 12 lakh new subscribers to the NPS, bringing the total number of subscribers to over 165 lakh by March 2025.

This growth reflects the rising awareness and trust in the NPS as a reliable retirement planning tool.

The introduction of innovative schemes, such as NPS Vatsalya—a program specifically designed for minors—has further contributed to this expansion.

Launched in September 2024, National Pension Scheme Vatsalya alone registered over one lakh subscribers.

Assets Under Management (AUM) for NPS

The assets under management (AUM) for both NPS and the Atal Pension Yojana (APY) witnessed a 23% increase during FY25, reaching ₹14.43 lakh crore by the end of March 2025.

This growth underscores the financial sustainability and effectiveness of these pension schemes in addressing the long-term needs of subscribers.

The accumulated corpus of ₹14.4 lakh crore positions National Pension Scheme as a cornerstone of India’s pension sector.

Unified Pension Scheme (UPS) and Future Outlook

In addition to the NPS, the government introduced the Unified Pension Scheme (UPS) in April 2025 to provide enhanced financial security for central government employees.

The UPS offers a fixed pension equal to 50% of the average basic salary from the last 12 months before retirement for employees with at least 25 years of service.

This hybrid model combines features of the Old Pension Scheme (OPS) and NPS, catering to employees seeking stable post-retirement income.

The PFRDA has reiterated its commitment to expanding pension coverage and building a pension-inclusive society.

Chairman Deepak Mohanty emphasized the need for policy actions to make “Pension for All” a national priority.”

Deepak, “With targeted initiatives and innovative schemes, the NPS is poised to attract even more subscribers in the coming years, further strengthening India’s pension framework.


Note: We are also on WhatsApp, LinkedIn, Google News, and YouTube, to get the latest news updates, Subscribe to our Channels. WhatsApp– Click HereGoogle News– Click HereYouTube – Click Here, and LinkedIn– Click Here.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

PwC is hiring for various roles, including Interns in HR Team; Apply

A British multinational professional services brand of firms, PricewaterhouseCoopers...

Capgemini to hire 24,000 employees by 2020 end, aiming for similar numbers in 2021

Capgemini to hire 24,000 employees by 2020 end, aiming...

LTIMindtree appoints Vipul Chandra as Chief Financial Officer

LTIMindtree, a global technology consulting, and digital solutions company,...

How TCS is helping its employees combat the second wave of Covid-19

TCS announces Covid Care Services for employees, their dependents India's...

Wipro asks employees to return to office three days a week

Bengaluru-based, India’s IT services provider company Wipro has asked...

Total Rewards – Statutory Benefits 2019

Total Reward is a concept that describes all the...

Brainly layoffs nearly entire Indian team

The world's largest peer-to-peer learning community, Brainly has laid off...

Union Cabinet approves 03 Labour Law Codes

Union Cabinet approves 03 Labour Law Codes at a...

Related Articles

Sahiba Sharma
Sahiba Sharmahttps://sightsinplus.com/
Sahiba Sharma, Senior Editor - Content at SightsIn Plus