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PFRDA Targets 2-3 Crore New NPS Subscribers with UPI-Based Tatkal Platform
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News18•01-10-2026, 23:00
PFRDA Targets 2-3 Crore New NPS Subscribers with UPI-Based Tatkal Platform
- •PFRDA expects 2-3 crore new subscribers to join the National Pension System (NPS) over the next two years, driven by the new UPI-based NPS Tatkal platform.
- •The expansion is primarily anticipated from the non-government and informal sectors, significantly widening NPS reach through simplified digital onboarding.
- •NPS Tatkal allows subscribers to open an account via UPI using existing bank KYC details, streamlining the process into a "three-click account."
- •Currently, NPS has around 2.3 crore subscribers, with government subscribers forming the majority; efforts are underway to expand coverage through Common Service Centres and PACS.
- •The government aims to make NPS more accessible and broaden retirement planning, with initiatives like NPS Sanchay offering predefined investment allocations and a suitability platform launching soon.
Key Questions Answered
PFRDA expects between 2 to 3 crore new subscribers to join the National Pension System over the next two years following the launch of the UPI-based NPS Tatkal platform.
Under NPS Tatkal, subscribers can open an account through UPI using their existing bank KYC details, creating a simple three-click account setup that reduces the need to re-enter information.
The National Pension System currently has around 2.3 crore subscribers across both the government and non-government sectors, with government subscribers making up the majority.
