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        News and Press Release

        1.15 Crore Subscribers for National Pension System (NPS) as on 23.1.2016

        February 2, 2016

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

        The number of NPS Subscribers of the Central Government are 1611,020 with a total corpus of ₹ 34,754 crore while subscribers from the different State Governments are 2,859,094 with a total corpus of ₹ 45,486 crore. The number of NPS subscribers in the Corporate Sector are 448,509 while in Unorganized Sector is 128,484, the total being 576,993. The number of subscribers under NPS Lite include 4,463,637 and under Atal Pension Yojana (APY) 1,948,811, with a total number of subscribers 6,412,448 in these two categories.

        NPS subscribers of Central Government are 14.1% of the total subscribers while that of the State Governments are 24.9%. The NPS subscribers under NPS Lite constitute 39% while under APY 17% of the total subscribers.

        Since PFRDA has completed two years of its statutory status on 1st February, 2016, to mark this occasion, PFRDA in collaboration with all its intermediaries in the National Pension System including Central and State Governments’ Nodal Offices, POPs, Aggregators, Central Recordkeeping Agency and NPS Trust etc. is observing NPS Service Week from 1st to 6th February, 2016. This week-long campaign is being dedicated to service-orientation towards the subscribers and aimed at awareness building and improved information dissemination. During this Service Week, besides sharing of information on the range of functionalities and services now available under the NPS, the subscriber community will be apprised about the need for constant updation of data/information to enable the system to operate at its optimum service level, so that the intended benefits can reach all the employees/subscribers under NPS. Besides, the subscribers will also be able to make best use of all the opportunities and facilities.

        The Pension Fund Regulatory and Development Authority (PFRDA) is organizing the 2nd Pension Conclave in national Capital on 4th February 2016 with the theme, “Towards Universal Pension: Coverage, Adequacy and Sustainability” in which all the stake holders are expected to participate and share their experiences. PFRDA proposes to use this occasion to acknowledge/award the best performing banks and Post Offices in mobilization and registration of subscribers under the Atal Pension Yojana (APY) up to 31st December 2015, and institute awards for best performing POPs under the Voluntary segment of the National Pension System.

        Earlier, PFRDA launched NPS Awareness Programme for State autonomous bodies, Unorganized Sector, Corporate Sector and other categories in order to highlight the benefits of joining NPS and has requested the various State Governments to implement NPS more inclusively among the State Autonomous Bodies, Boards, Corporations, Societies, Universities and State aided institutions under various State Government departments. During the awareness programme, key features and benefits of NPS, details and process of joining NPS, details about NPS architecture investment and exit guidelines of NPS are highlighted.

        National Pension System expansion: subscriber distribution and outreach measures to boost coverage and enrolment. Aggregate subscriber totals and Assets under Management for the National Pension System (NPS) are reported with segmental breakdowns for Central and State government employees, corporate and unorganised sectors, and schemes including Atal Pension Yojana (APY) and NPS Lite. Proportional shares of subscribers by segment are noted. Regulatory outreach measures include a Service Week for subscriber awareness and data updation, targeted awareness programmes for wider state-level adoption, a Pension Conclave on coverage and sustainability, and awards to incentivise mobilisation under APY and the voluntary NPS segment.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                National Pension System expansion: subscriber distribution and outreach measures to boost coverage and enrolment.

                                Aggregate subscriber totals and Assets under Management for the National Pension System (NPS) are reported with segmental breakdowns for Central and State government employees, corporate and unorganised sectors, and schemes including Atal Pension Yojana (APY) and NPS Lite. Proportional shares of subscribers by segment are noted. Regulatory outreach measures include a Service Week for subscriber awareness and data updation, targeted awareness programmes for wider state-level adoption, a Pension Conclave on coverage and sustainability, and awards to incentivise mobilisation under APY and the voluntary NPS segment.





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                                ActsIncome Tax
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