Salient Features

Benefits

Under NPS Sanchay, a subscriber ( if opted for Joint Life Annuity with Return of Purchase Price ) receives a regular pension for life after attaining the age of exit. In the unfortunate event of the subscriber's demise, the spouse becomes eligible to receive the pension for life. Upon the demise of both the subscriber and the spouse, the accumulated pension wealth is paid to the nominee. The scheme also offers tax benefits as applicable under prevailing income tax provisions, along with the flexibility to contribute as per one's income and convenience.

Eligibility

NPS Sanchay is open to every citizen engaged in the unorganised and informal sector, including farmers, agricultural labourers, artisans, shopkeepers, auto drivers, weavers, cattle rearers, honey collectors, and other self-employed or daily-wage workers.
Age Criteria: Any Indian citizen between 18 and 85 years of age, as on the date of submission of the application, is eligible to open an account and opt for NPS Sanchay. Applications can be submitted through a Point of Presence (PoP) / PoP-Service Provider (PoP-SP) or through the online platform (eNPS), subject to fulfilment of KYC requirements.
Onboarding (Initial) Contribution: A minimum initial contribution of ₹250 is required at the time of account opening.
Subsequent Contribution: Subscribers are required to make a minimum contribution of ₹10 per transaction, with no upper limit on the amount or frequency of contribution. This allows subscribers to contribute as per their income and convenience — monthly, quarterly, or as an occasional lump sum — while keeping the account active.

Exit under NPS Sanchay

Minimum Tenure for Normal Exit: In line with the PFRDA (Exits and Withdrawals under the NPS) Amendment Regulations, 2025, the vesting period for normal exit under the All Citizen Model (which NPS Sanchay follows) is 15 years, or attainment of 60 years of age, whichever is earlier. On normal exit, subscribers may withdraw up to 80% of the accumulated pension wealth as a lump sum, with a minimum of 20% to be utilised for purchase of an annuity. Where the accumulated corpus is up to ₹8 lakh, subscribers may opt to withdraw the entire corpus as a lump sum (or through Systematic Lumpsum Withdrawal/Systematic Unit Redemption) without mandatory annuitisation. Subscribers may also continue in the scheme up to 85 years of age.
Premature (Voluntary) Exit: The earlier mandatory 5-year lock-in for premature exit under the All Citizen Model has been removed. Subscribers may now exit before completing the normal vesting period at any time, subject to withdrawal norms — up to 20% lump sum with at least 80% annuitised (or full lump-sum withdrawal where the corpus is ₹5 lakh or below).

Registration Process

Opening an NPS Sanchay account is a simple, guided process. Prospective subscribers can register through the designated enrolment channels—online or through authorised points of presence—by furnishing basic KYC details, choosing a contribution amount, and completing the account activation. On successful registration, subscribers receive a Permanent Retirement Account Number (PRAN), which remains valid and portable throughout their working life.

Contact

For queries or support related to NPS Sanchay, subscribers and stakeholders may reach out to PFRDA through the official contact channels listed on this page. 
Toll Free Number - 1800 222 380
SMS – NPS Sanchay @ 56677