New Delhi
India’s National Pension System (NPS) saw over 12 lakh new private sector subscribers join during the financial year 2024-25, raising the total to more than 165 lakh by March 2025, the government announced. This growth highlights the increasing trust in the NPS among private employees.
A new NPS scheme called NPS Vatsalya, launched in September 2024 for minors, has already registered over one lakh subscribers. It aims to promote long-term savings from an early age.
The combined assets under management (AUM) of the NPS and the Atal Pension Yojana (APY) rose by 23% to ₹14.43 lakh crore by March-end. These schemes now have a total of 8.4 crore subscribers, according to Pension Fund Regulatory and Development Authority (PFRDA) chairman Deepak Mohanty.
Mohanty stressed the importance of expanding pension coverage and ensuring long-term financial security for all Indians. He said building a pension-friendly society should be a national goal.
A new Unified Pension Scheme (UPS) has also launched from April 1, benefiting around 23 lakh central government employees. Under the UPS, those with 25 years of service will get a fixed pension of 50% of their average last-year salary. Employees with 10–25 years of service will receive a minimum pension of ₹10,000 per month.
This hybrid scheme merges features of the Old Pension Scheme and the NPS, and allows eligible employees to switch over from NPS.
