NPS subscribers up 24 per cent YoY to 53.17 million in May: PFRDA

The Atal Pension Yojana scheme saw an increase in subscribers by 31.60 per cent to 37.2 million in May 2022

The number of subscribers in various schemes of the National Pension System (NPS) rose to 53.17 million in May 2022, registering a 24.07 per cent YoY growth, the pension Fund Regulatory and Development Authority (PFRDA) data showed. Till May 2021, the NPS subscribers numbers stood at 42.85 million. 

The National Pension System is a defined contribution retirement savings scheme administered and regulated by the PFRDA. The NPS provides various retirement schemes, with Atal Pension Yojana being the most popular one. 

In the central government sector of the NPS scheme, the number of subscribers stood at 2.29 million by May end,