Free Trade Agreement

According to the Pension Fund Regulatory and Development Authority (PFRDA), total subscribers in various schemes under NPS rose to 453.41 lakh by end-August 2021 from 365.47 lakh during the corresponding period of 2020, showing a year-on-year increase of 24.06 per cent. As of August 31, 2021, total pension assets under management stood at Rs 6,47,621 crore showing a Y-o-Y growth of 32.91 per cent.

As of fiscal 2021, NPS had 4.2 crore registered users or subscribers. The annual report of National Pension System Trust said that APY has over 66 per cent of subscribers, or 2.8 crore permanent retirement account numbers (PRAN). State Government Scheme (SG) ranks second with 11 per cent share. Age-wise analysis of NPS subscribers show 85 per cent in the 18-40-year age bracket in fiscal 2021.