Stories
PFRDA Aims for 3 Crore New NPS Subscribers in 2 Years via NPS Tatkal
C
CNBC TV18•01-10-2026, 16:51
PFRDA Aims for 3 Crore New NPS Subscribers in 2 Years via NPS Tatkal
- •PFRDA Chairperson S Ramann announced a target of adding 2-3 crore new National Pension System (NPS) subscribers within the next two years.
- •The 'NPS Tatkal' scheme will facilitate onboarding new subscribers through UPI, starting with NPCI’s BHIM UPI application.
- •Five banks – State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, and IDFC FIRST Bank – have already joined the NPS Tatkal plan.
- •NPS Tatkal allows opening an NPS account via a UPI app using a KYC-verified bank account and making contributions through UPI, expanding pension coverage to tier 2 and tier 3 cities.
- •The scheme is expected to attract more individuals from the informal sector, simplifying the enrollment process which previously required online or offline registration to obtain a Permanent Retirement Account Number.
Key Questions Answered
PFRDA Chairperson S Ramann stated that the authority aims to add approximately 2 to 3 crore new subscribers to the National Pension System over the next two years through the NPS Tatkal scheme.
Under NPS Tatkal, users can open an NPS account through a UPI app using a KYC-verified bank account and make contributions directly via UPI.
Five major banks have joined the plan so far: State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, and IDFC FIRST Bank.
