"nps"

The Finance Ministry has urged central government employees to opt for the Unified Pension Scheme (UPS) before September 30, 2025. The Ministry highlighted benefits, tax incentives, and a one-time UPS-to-NPS switch facility for timely processing of requests

Finance Minister Nirmala Sitharaman told Parliament there is no proposal to restore the Old Pension Scheme for central government staff under NPS. Instead, the Unified Pension Scheme offers defined retirement benefits while ensuring fiscal sustainability. Household net financial position has improved

The number of subscribers in various schemes rose to 426.75 lakh by end-April 2021 from 346.01 lakh in April 2020.

At present, there is a threshold of Rs 2 lakh up to which a NPS subscriber can withdraw the entire money.