New Delhi, May 8: India’s retirement savings ecosystem continued to witness strong growth, with assets under management under the National Pension System (NPS) crossing Rs 15.95 lakh crore, while the number of contributors under the Employees’ Pension Scheme (EPS) reached 7.98 crore.
The latest figures highlight rising participation in formal pension and retirement planning schemes, driven by increasing awareness, expansion of organised employment and wider adoption of long-term financial security measures. Officials said the steady growth in NPS assets reflects growing confidence among both government and private sector employees in market-linked retirement savings instruments.
The pension sector has also benefited from digital enrolment initiatives, simplified account opening procedures and greater outreach among young professionals and self-employed individuals. Industry experts believe the continued expansion of retirement savings schemes will play a key role in strengthening India’s social security framework.
The National Pension System, regulated by the Pension Fund Regulatory and Development Authority (PFRDA), has seen significant growth in subscriber base and investments over the past few years. Analysts said rising equity participation and sustained monthly contributions have contributed to the sharp increase in total assets under management.
Meanwhile, the Employees’ Pension Scheme, managed under the Employees’ Provident Fund Organisation (EPFO), continues to remain one of the country’s largest social security programmes covering workers in the organised sector. The increase in EPS contributors indicates improved formalisation of the workforce and higher social security coverage across industries.
