Enhancement of Investment Choice Option under NPS for Central Government Subscribers – RBE No. 76/2026
RBE No. 76/2026
GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
(RAILWAY BOARD)
No. F(E)III/2025/UPS/1
New Delhi, Dated: 24.09.2026
The General Managers/Principal Financial Advisers,
All Zonal Railways/Production Units etc.,
DGs of RDSO and NAIR.
Subject: Enhancement of Investment Choice Option under NPS for Central Government Subscribers.
Pension Fund Regulatory and Development Authority (PFRDA)’s Circular No. PFRDA/2025/16/Reg-PF/02 dated 17th October, 2025 and PFRDA’s Circular No. PFRDA/2025/21/Reg-PF/03 dated 1st December, 2025 are 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.
2. Further, PFRDA’s Circular No. PFRDA/2025/09/REG-PF/01 dated 16th September, 2025, as referred to in the PFRDA Circular dated 17th October, 2025, is applicable to Non Government Sector Subscribers and is not relevant for Central Government subscribers.
DA: As above
(Ramesh Chandra Pandey)
Dy. Director, Finance (Estt.)-III
Railway Board
Investment Choice Option under NPS
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