National Pension System

The National Pension System is a defined-contribution pension system in India regulated by the Pension Fund Regulatory and Development Authority which is under the jurisdiction of the Ministry of... Wikipedia

• Abbreviation:  NPS
• Predecessor:  Old Pension Scheme
• Type:  Pension cum investment scheme launched by Government of India
• Legal status:  Regulated by Pension Fund Regulatory and Development Authority
• Purpose:  Provide defined-contribution based pension for retirees and extend old age security coverage to all citizens
• Headquarters:  New Delhi
• Products:  NPS-Central Govt, NPS-State Govt, NPS-Corporate Sector, NPS-All Citizens of India (since May 01, 2009), NPS Lite (since April 01, 2010), NPS Swavalamban and, Atal Pension Yojana (APY) (since June 01, 2015)
• Membership (30 April 2023):  6,35,43,628 Subscribers
• AUM:  ₹ 898,954 crore (April 2023)
• Government Sector Subscribers (April 2023):  Union Govt Employees 24,06,216, State Govt Employees 61,19,900
• Private Sector Subscribers (April 2023):  Corporate Employees 17,14,011, Unorganized 29,83,484
• Other Subscribers (April 2023):  NPS Swavalamban 41,73,888, Atal Pension Yojana 4,61,46,129
• Parent organization:  NPS Trust
• Affiliations:  Central Record Keeping Agency (CRA), Pension Funds (PFs), Trustee Bank (TB), Points of Presence (PoPs), Custodian, Retirement Advisor, Annuity Service Provider
• Website:  Official site
• Data source:  DuckDuckGo