NPS Covers 12 Lakh Pvt Sector Subscribers In FY25

New Delhi: The National Pension System (NPS) has achieved significant growth of private sector subscriber enrolment of over 12 lakh during 2024-25, taking total subscriber number to over 165 lakh by March 2025, according to the government.

NPS Vatsalya, a scheme specifically designed for minors, introduced in September 2024 has registered over one lakh subscribers, according to a Ministry of Finance statement.

The assets under management (AUM) for both NPS and Atal Pension Yojana (APY) expanded by 23 per cent during 2024-25 to Rs14.43 lakh crore by end-March 2025.

NPS has emerged as a cornerstone of India’s pension sector with an accumulated corpus of Rs 14.4 lakh crore and 8.4 crore subscribers under NPS and the Atal Pension Yojana (APY), PFRDA chairman Deepak Mohanty said earlier this month.

Mohanty said the focus of the pension system remains on expanding coverage, ensuring financial sustainability, and building a pension-inclusive society for future generations.

‘Pension for All’ must become a national priority, requiring policy action to ensure a dignified and secure future for our aging population. Unified Pension Scheme set to roll out from April 1, to benefit 23 lakh employees.

Meanwhile, central government employees with at least 25 years of service are now eligible for a fixed pension equal to 50 per cent of their average basic salary from the last 12 months before retirement under the new Unified Pension Scheme (UPS).