Central Autonomous Bodies Employees covered under NPS – Applicability of New Investment Choices : Railway Board circulates Ministry of Finance OM vide RBE No.60/2026
RBE No. 60/2026
GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)
No. F(E)III/2025/UPS/1
New Delhi, Dated: 14.07.2026
The General Managers/Principal Financial Advisers,
All Zonal Railways/Production Units etc.,
DGs of RDSO and NAIR.
Subject: Applicability of Board’s Letter No. F(E)III/2025/UPS/l dated 13.03.2026 to the employees of Central Autonomous Body covered under NPS under Ministry of Railways.
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A copy of Ministry of Finance (Department of Expenditure) O.M. No. F. No. 1(3)/EV/2020 dated 1 July, 2026 on the above subject is enclosed for information and compliance. These instructions shall apply mutatis-mutandis on Railways also. Ministry of Finance, Department of Financial Services Gazette Notification No. FX-4/2/2025-PR dated 13th November, 2025 has been circulated vide this office letter of even number dated 13th March, 2026.
DA: As above
(Ramesh Chandra Pandey)
Deputy Director, Finance (Estt.)-III
Railway Board
F. No.1(3)/EV/2020
Government of India
Ministry of Finance
Department of Expenditure
Kartavya Bhawan I, New Delhi
Dated the 1st July, 2026
OFFICE MEMORANDUM
Subject: Applicability of gazette Notification No. FX-4/2/2025-PR dated 13.11.2025 issued by the Dept of Financial Services (DFS), Ministry of Finance to the employees of Central Autonomous Bodies covered under NPS.
The undersigned is directed to refer to the Department of Financial Service’s Notification No. FX-4/2/2025-PR dated 13.11.2025 providing following two more investment options to NPS subscribed Central Govt. Employees.
(i) Aggressive Life Cycle Fund with maximum exposure to equity capped at 75% – LC- 75.
(ii) Balanced Life Cycle Fund with maximum exposure to equity capped at 50%, with tapering of equity component commencing from the age of forty-five years – BLC
2. Consequent upon issue of this Notification, Pension Fund Regulatory and Development Authority (PFRDA) have been receiving representations from employees of Central Autonomous Bodies (CABs) seeking extension of the aforesaid investment options. The matter has been examined in this department and it has been decided that the applicability of DFS Notification No.FX-4/2/2025-PR dated 13.11.2025 may be extended to the NPS subscribed employees of the CABs.
3. The concerned Administrative Ministries/ Departments may consult PRRDA/Central Record Keeping Agency (CRA), if any, technical support is needed for implementation of the above provisions.
4. This issues with the approval of Secretary (Expenditure).
Digitally signed by
(Kundan Kumar Jha)
Under Secretary to the Govt. of India
Tele No:011- 24012078
To
FAs of all Ministry/Department as per standard list
Copy To: The Chairman, PFRDA, E 500, World Trade Centre, Nauroji Nagar, New Delhi 110029.
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