The Pension Fund Regulatory and Development Authority (PFRDA) on July 27, 2023, notified regarding the subscribers registered under NPS-Lite-Swavalamban Scheme.
The scheme was launched in the year 2010 to provide old-age income security to economically disadvantaged sections of society. Given the launch of the Atal Pension Yojana (APY) in 2015, fresh enrolment under the NPS-Lite Swavalamban scheme was ceased except for the enrolment of Gramin Dak Sevaks of the Department of Post(DoP).
The exiting subscriber under NPS-Lite -Swavalamban Scheme is hereby informed as:
• Subscribers can deposit subsequent contributions through their underlying PoPNPS-Lite/Aggregator or can contribute online by logging into eNPS portal at https://enps.nsdl.com/eNPS/InitialExistingUser.html.
• Subscribers between the age of 18 to 40 years can migrate to APY to avail the benefit of guaranteed pension. For migration of account the subscribers may contact the bank/post office where the savings bank account is held by them.
• Subscribers above the age of 40 years who do not wish to continue under the scheme can exit by submitting the premature exit request/form to the underlying PoPNPS-Lite/Aggregator.
The subscribers are advised to update/add/modify the bank account details, contact details and/or nominee details, as required in their respective PRAN through their underlying PoPNPS-Lite/Aggregator to ensure effective maintenance of their account.
