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NPS subscribers elevated to 1.15 crore

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As of 23rd January, 2016 National Pension System (NPS) had 11,459,555 subscribers with a total corpus of Rs. 90, 327 crore. The total Assets under Management are worth Rs. 109,140 crore while Assets under Management per subscriber is Rs. 95,000 on an average.

NPS subscribers elevated to 1.15 croreDivision of subscribers as per different sectors

Sector No. of Subscribers No. of Subscribers (%) Corpus
Central Government 1611,020 14.1% Rs. 34,754 crore
State Governments 2,859,094 24.9% Rs. 45,486 crore
Corporate Sector 448,509
Unorganized Sector 128,484
NPS Lite 4,463,637 39%
Atal Pension Yojana (APY) 1,948,811 17%

Pension Fund Regulatory and Development Authority (PFRDA) completed 2 years of its statutory status
On 1st February, 2016, PFRDA has completed two years of its statutory status. In this regard, it is observing NPS Service Week from 1st to 6th February, 2016, in collaboration with all its intermediaries, which is being dedicated to service-orientation towards the subscribers.

  • Also PFRDA is organizing the 2nd Pension Conclave in New Delhi on 4th February 2016 to recognize the best performing banks and Post Offices under APY and to award best performing POPs under the Voluntary segment of NPS.
  • Theme of 2nd Pension Conclave“Towards Universal Pension: Coverage, Adequacy and Sustainability”.

About National Pension System (NPS)
Establishes in 2004, NPS is a defined-contribution pension system operated by the Government of India and is administered by the Pension Fund Regulatory and Development Authority (PFRDA).

  • NPS is open to all citizens of India between the ages of 18 and 60 on a voluntary basis.
  • Minimum amount per contribution – Rs. 500
  • Minimum number of contributions – 1 per year
  • Minimum annual contribution – Rs 6,000 in each subscriber account.