Nps And Atal Pension Yojana See Record Subscriber Growth In 2024-25

The National Pension System (NPS) has marked a important milestone by adding complete 12 lakh caller backstage assemblage subscribers during nan financial twelvemonth 2024-25, raising nan full subscriber count to much than 165 lakh by March 2025. This accomplishment underscores nan increasing entreaty of NPS arsenic a viable status readying action among backstage individuals. Notably, NPS Vatsalya, a strategy introduced for minors successful September 2024, has attracted much than 1 lakh subscribers. 

In parallel, nan Atal Pension Yojana (APY) has besides exhibited robust description , registering 11.7 cardinal caller enrollments successful nan aforesaid period. With this surge, APY's full gross enrollments person now surpassed 76 cardinal by nan extremity of March 2025. The Pension Fund Regulatory and Development Authority (PFRDA) reports that this marks nan 3rd consecutive twelvemonth wherever APY has consistently added much than 10 cardinal caller subscribers annually, reflecting sustained liking successful government-backed pension schemes. 

The Atal Pension Yojana (APY), now celebrating its tenth year, offers subscribers a guaranteed monthly pension ranging from Rs 1,000 to Rs 5,000 starting astatine property 60. With APY, subscribers tin remainder assured knowing they will person a minimum pension of Rs 1,000 to Rs 5,000 per period for life from nan property of 60, based connected their contributions. In nan unfortunate arena of a subscriber's passing, their spouse will proceed to person nan aforesaid pension amount. Furthermore, upon nan demise of some nan subscriber and spouse, nan accumulated pension wealthiness until nan subscriber reaches 60 years aged will beryllium returned to nan nominee.

The financial capacity of these schemes has been commendable, pinch nan mixed Assets Under Management (AUM) for NPS and APY increasing by 23 percent to Rs 14.43 lakh crore by nan extremity of March 2025. This maturation trajectory highlights nan schemes' expanding domiciled successful financial readying for retirement. Since its inception, APY has delivered an yearly return of 9.11%, further solidifying its position arsenic a reliable financial merchandise for status savings. 

The demographic floor plan of caller subscribers indicates a important gender balance, pinch women comprising astir 55% of nan caller enrollments this year. This summation suggests a displacement towards greater financial inclusion and consciousness among women. Last year, PFRDA expanded nan process of opening APY accounts, allowing subscribers to take from 3 Central Recordkeeping Agencies (CRAs)—CAMS, KFin, and Protean eGov Technologies—for relationship initiation and maintenance. Contributions to APY are collected done an auto-debit strategy from nan subscribers' slope accounts aliases station agency savings accounts. 

To heighten consciousness and accessibility, PFRDA conducted 32 APY Outreach programs crossed India during 2024-25. These initiatives, conducted successful tandem pinch State Level Bankers’ Committees (SLBCs) and Lead District Managers (LDMs), included training sessions for slope officials and nationalist consciousness campaigns crossed various media platforms. Such efforts lend to nan sustained maturation and fame of nan APY, which assures subscribers a lifelong minimum guaranteed pension of Rs. 1,000 to Rs. 5,000 per period from nan property of 60, pinch benefits extending to nan subscriber's spouse and nominee aft their demise. 

Published on: Apr 22, 2025 8:10 PM IST