Nps Scheme

Is the UPS deadline extended? See if you can still switch from NPS to UPS

The deadline for Central Government employees to switch from the NPS to the assured-payout UPS has closed, leaving those who failed to opt-in automatically enrolled in the market-linked NPS by default

EPF vs NPS: Will Indian employees get a choice soon? | PFRDA's S Ramann answers

PFRDA Chairperson S. Ramann discusses the future of India’s retirement system, and whether employees may soon have the freedom to choose between the EPF and the NPS

PFRDA to expand NPS coverage to include agri sector and gig workers

PFRDA Chairman S Ramann says the regulator aims to extend pension coverage through FPOs, self-help groups and fintech tie-ups, and may allow gold and silver investments

Zomato, HDFC Pension launch NPS model for delivery partners' benefit

Zomato and HDFC Pension have collaborated to introduce 'NPS Platform Workers Model' for delivery partners of the food delivery platform, in a bid to provide them access to formal retirement benefits. The model was formally launched by Finance Minister Nirmala Sitharaman at an event organised by the Pension Fund Regulatory and Development Authority (PFRDA) on October 1. "More than 30,000 delivery partners onboarded on Zomato have already generated their PRANs (Permanent Retirement Account Numbers) within 72 hours of this integration and the platform is committed to enable over 1 lakh delivery partners with their NPS retirement accounts within 2025," Zomato said in a statement. Zomato operates on a gig-first model, supporting an average of 5,09,000 independent monthly active delivery partners as of Q1 FY26. According to a NITI Aayog report, the number of platform workers in India is estimated to grow to 23.5 million by FY 2029-30. Currently, there exists a gap in terms of awareness a

Tax clarity for govt staff, DFS releases FAQs on Unified Pension Scheme

The FAQs confirm that the tax incentives applicable to the National Pension System will also extend to UPS, providing certainty to government employees under the new framework

Govt extends UPS option for staff who joined April-August 2025 till Sept 30

The Finance Ministry said central staff who joined service between April 1 and August 31, 2025 can now opt for UPS instead of NPS, with flexibility to return later if they wish

A frozen NPS account can derail your tax break: Here's why it happens

A frozen NPS account blocks contributions and tax perks, but reactivation is simple, here's the step-by-step process to get it back on track

Rewriting retirement: A new window has opened for pension subscribers

The government has opened a one-time window for employees under the Unified Pension Scheme (UPS) to switch back to the National Pension Scheme (NPS), reshaping retirement choices for millions

130K minors enrolled under NPS Vatsalya Scheme till August 3: Govt

Minister of State for Finance Pankaj Chaudhary on Monday said that 1.30 lakh minor subscribers are registered so far under the NPS Vatsalya Scheme launched in September last year. NPS-Vatsalya promotes inter-generational equity and financial security by encouraging early savings for children as well as promoting a culture and habit of retirement planning across generations, Chaudhary said in a written reply in the Lok Sabha. Under the old tax regime, income tax deduction u/s 80CCD (1B) up to Rs 50,000 has been extended towards NPS-Vatsalya contribution made by the parent or guardian with effect from April 1, 2025. As on August 3, 2025, a total of 1.30 lakh minor subscribers are registered under the NPS Vatsalya Scheme, out of which 29 minor subscribers are from the Dahod district, he said. The scheme is implemented through Points of Presence (PoPs), which include the bank branches and non-bank entities, under the regulation of the Pension Fund Regulatory and Development Authority .

No plan to restore OPS due to its 'unsustainable fiscal liability', says FM

Finance Minister Nirmala Sitharaman said the features of Unified Pension Scheme have been designed to ensure payment of assured payouts while also maintaining the fiscal sustainability of the fund

Indian pension managers request to relax bond investment guidelines

Retirement fund managers in India have asked the Pension Fund Regulatory and Development Authority to ease the cap on the purchase of corporate bonds with a maturity period of less than three years

Govt extends NPS-like tax benefits to Unified Pension Scheme staff: FinMin

In a bid to promote Unified Pension Scheme, the government has made necessary changes to provide tax benefits to employees opting for UPS at par with those under National Pension System (NPS). The inclusion of UPS under the tax framework marks another step forward in the government's effort to strengthen retirement security for central government employees through transparent, flexible and tax-efficient options, the finance ministry said in a statement. "The government has decided that tax benefits as available under NPS would apply mutatis mutandis to UPS as it is an option under NPS," it said. These provisions ensure parity with the existing NPS structure and provide substantial tax relief and incentives to employees opting for the UPS. The finance ministry through a notification dated January 24, 2025 had notified introduction of the UPS as an option under NPS for the recruits to the central government civil service with effect from April 1, 2025, giving one-time option to the .

Allow gig workers the option to choose between EPF and NPS schemes

If millions of gig workers are forced into EPF without the option of NPS, complaints about the system's inefficiencies will intensify as its shortcomings inevitably emerge

Govt retirees under NPS with 10+ yrs can claim UPS scheme benefits

Central govt employees retired under NPS with 10+ years of service can now claim additional pension benefits under the new Unified Pension Scheme (UPS) by June 30, 2025.

Centre announces unified pension scheme for retired NPS subscribers

The new scheme provides a guaranteed monthly pension, lump sum payout, and interest-bearing arrears for NPS subscribers who retired on or before 31 March 2025

Extra pension perks? UPS has something for NPS retirees and spouses

Such benefits are over and above the existing NPS entitlements, including annuities

Benefits of NPS Account with Retire100

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Budget 2025 FAQs: Key tax, insurance and investment changes explained

Budget 2025 brings key tax, insurance, and investment changes. From ULIP taxation to NPS benefits and Kisan Credit Card updates, here's a breakdown of FAQs to help you understand the new provisions

Budget 2025: Govt plans NPS reforms to boost pension cover for gig workers

The government may hike the minimum pension amount under Atal Pension Yojana in the upcoming Union Budget to attract informal sector workers

NPS Vatsalya growing, onboards 75,000 people since launch: PFRDA chairman

Finance Minister Nirmala Sitharaman had in September launched NPS Vatsalya, a scheme for minors to secure their future