The number of non-government subscribers who adopt NPS crosses 30 lakhs

The number of subscribers from the corporate and retail sectors under the National Pension Scheme (NPS) has so far exceeded 30 lakhs. This shareholder corpus has reached a historic level of Rs 1 trillion. Pension Fund Regulation and Development Authority (PFRDA) Chairman Supratim Bandopadhyay gave this information on Tuesday. The NPS subscriber dataset consists of five categories … Central Government, State Government, Corporate, All Citizen Model and NPS Lite. The model of all citizens refers to retail customers.

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PFRDA President Government employees are joining the NPS because they need to do so. But people in the retail sector have the option of joining or not joining. The number of people joining the NPS in this category is constantly increasing. As of August 14, in the private sector (corporate and all civil model), we have crossed the total number of shareholders by 30 lakhs. This is a big achievement for us retail. Speaking to journalists in a virtual manner, Bandopadhyay said that three years ago, the number of our shareholders in the retail and corporate sector was 13 to 13.5 lakhs (March, 2018).

Shareholders in these two divisions have more than doubled in these three years, he said. He said retail customers are serious investors. To date, the total investment by the corporates in the retail sector has been estimated at Rs 97,000 crore. In such a situation, it will soon reach a historic figure of one trillion rupees. 11.97 Lakhs for Corporate Shareholders August 14, 2021. It was 6.96 lakh till March 2018. The number of subscribers under the All Citizen Model increased from 6.92 lakhs to 18.06 lakhs. From 1 April 2015 new subscribers will not be allowed under NPS Lite. The shareholder base in this category is 42.92 lakhs.

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