Eligibility

Several State Governments across India have adopted the National Pension System (NPS) architecture and implemented it from various effective dates.
To check detailed information on individual state implementations, including State Government Notifications and Office Memorandums (OMs) related to NPS, please click the link below:
View Here
 

Enrolment and Registration

For Government Organizations:
To initiate registration under the National Pension System (NPS), the following offices are required to submit specific forms to the Central Recordkeeping Agency (CRA):

• Directorate of Treasuries & Accounts (DTA) – Form N1
• District Treasury Office (DTO) – Form N2
• Drawing & Disbursing Office (DDO) (or any office designated by the State Government) – Form N3

For NPS Subscribers:
Employees must submit a duly filled PRAN (Permanent Retirement Account Number) application using Form CSRF-1, along with the required documents. This should be submitted in duplicate to the respective DDO for onward submission to the DTO/DTA.
 

Contribution

Under the National Pension System (NPS), eligible government employees are required to contribute 10% of their Salary and Dearness Allowance (DA) monthly.
This employee contribution is matched by an equal contribution from the Government. Both contributions are deposited into Tier I of the PRAN (Permanent Retirement Account Number), which is the mandatory pension account under NPS.
 

Investment Choices and Pattern

For government employees enrolled under the National Pension System (NPS) Tier I account, a default investment scheme is currently in place. In this scheme, contributions are distributed among the following three Pension Fund Managers (PFMs) in a predefined ratio:

• SBI Pension Funds Private Limited
• UTI Retirement Solutions Limited
• LIC Pension Fund Limited

Effective from 10.06.2015, each PFM allocates investments across various asset classes as follows:

• Up to 50% in Government Securities and Related Investments
• Up to 45% in Debt Instruments and Related Investments
• Up to 5% in Short-term Debt Instruments and Related Investments
• Up to 15% in Equities and Related Investments
• Up to 5% in Asset-Backed, Trust-Structured, and Miscellaneous Investments

This structured asset allocation ensures a balanced and regulated approach to long-term retirement savings under NPS.
 

Exit from NPS

For details on Withdrawal & Exit from NPS click here 

Revised FAQs for for State Government Sector (SG) and State Autonomous Bodies (SABs)