<h1>Government Employees' NPS Funds Delayed; Rs. 971.48 Crore Credited to Public Account, 8% Interest Paid Instead of Market Investment.</h1> A total of Rs. 971.48 crore collected from government employees for the New Pension System (NPS) between 2004 and March 2008 was credited to the Public Account of India due to the delayed operationalization of the NPS by the Interim Pension Fund Regulatory and Development Authority (PFRDA). Consequently, these funds were not invested in the market. Instead, the government paid an interest of 8% per annum on the contributions. The Minister of State for Finance clarified that no enquiry was necessary as the delay was due to the time taken to establish the institutional framework by PFRDA.