Railway Services (Implementation of National Pension System) Rules, 2025: Notification dated 01.10.2025 issued vide RBE No. 103/2025
RBE No.103/2025.
GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAYA)
(RAILWAY BOARD)
No.D-43/10/2021-F(E)II
New Delhi, dated: 08.10.2025.
The General Managers/Principal Financial Advisors,
All Zonal Railways/Production Units etc,
DGs of RDSO and NAIR.
Subject:- Railway Services (Implementation of National Pension System) Rules, 2025.
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The Railway Services (Implementation of National Pension System) Rules, 2025 have been notified in the Gazette of India vide G.S.R. 735(E) dated 1st October, 2025. A copy of the same is enclosed for information, guidance and compliance.
2. Please acknowledge receipt.
Sd/-
(G. Priya Sudarsani),
Director, Finance (Estt.),
Railway Board.
MINISTRY OF RAILWAYS
(Railway Board)
NOTIFICATION
New Delhi, the 1st October, 2025
G.S.R. 735(E). —— In exercise of the powers conferred by the proviso to article 309 of the Constitution, the President hereby makes the following rules regulating the method of implementation of the National Pension System to Railway servants in the Ministry of Railways, namely:-
1. Short title and commencement.– (1) These rules may be called the Railway Services (Implementation of National Pension System) Rules, 2025.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. Application.– Save as otherwise provided in these rules, these rules shall apply to the Railway servants, appointed substantively to railway services and posts on or after 1st day of January, 2004, but shall not apply to,-
(a) persons in casual and daily rated employment;
(b) persons paid from contingencies;
(c) persons employed on contract;
(d) persons whose terms and conditions of service are regulated by or under the provisions of the Constitution or any other law for the time being in force; and
(e) persons to whom the Railway Services(Pension) Rules, 1993 apply in accordance with any special or general order issued by the Government.
3. Definitions.– (1) In these rules, unless the context otherwise requires,-
(a) “accredited bank” in relation to a Ministry or Department or Union territory means the Reserve Bank or any Bank which is appointed to transact business of the Government pertaining to that Ministry or Department or Union territory and is officially recognised for transfer of funds to the Trustee Bank;
(b) “accumulated pension corpus” means the monetary value of the pension investments accumulated in the Individual Pension Account of a subscriber under the National Pension System;
(c) “annuity” means periodic payment by the annuity service provider to the subscriber on purchase of annuity plan out of the accumulated pension corpus;
(d) “annuity service provider” means a life insurance company registered and regulated by the Insurance Regulatory and Development Authority and empanelled by the Authority for providing annuity services to the subscribers of the National Pension System;
(e) “Authority” means the Pension Fund Regulatory and Development Authority established under sub-section (1) of section 3 of the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013) and include interim Pension Fund Regulatory and Development Authority set up by the Central Government through Resolutions;
(f) “central recordkeeping agency” means an agency registered under section 27 of Pension Fund Regulatory and Development Authority Act, 2013 to perform the functions of recordkeeping, accounting, administration and customer service for subscribers to schemes;
(g) “Code” means the Indian Railway Establishment Code, as amended from time to time;
(h) “drawing and disbursing officer” means a Head of Office and also any other Gazetted Officer so designated by a Department of the Central Government, a Head of Department or an Administrator, to draw bills and make payments on behalf of the Central Government and also include a Head of Department or an Administrator where he himself discharges such function;
(i) “Cheque drawing and disbursing officer” means a Drawing and Disbursing officer functioning under a Ministry or Department or a Union territory, who is authorised to withdraw money for specified types of payments against an assignment account opened in his favour in a specified branch of an accredited Bank;
(j) “defence services” means the services under the Government of India in the Ministry of Defence and in the Defence Accounts Department under the control of the Ministry of Defence paid out of the Defence Services Estimates and not permanently subject to the Air Force Act, 1950 (45 of 1950) or the Army Act, 1950 (46 of 1950) or the Navy Act, 1957 (62 of 1957);
(k) “emoluments” means emoluments as specified in rule 5;
(l) “foreign service” means service in which a railway servant receives his pay with the sanction of the Government from any source other than the Consolidated Fund of India or the Consolidated Fund of a State or the Consolidated Fund of a Union territory;
(m) “Form” means Forms annexed to these rules.
(n) “Government” means the Central Government in the Ministry of Railways;
(o) “Head of department” means any authority whom the President may, by order, declare to be the Head of a department for the purpose of these rules;
(p) “Head of office” means a Gazetted Officer whom the appointing authority may, by order declare as Head of office and includes such other authority or person whom the appointing authority may specify in the like manner;
(q) “individual pension account” means an account of a subscriber, executed by a contract setting out the terms and conditions under the National Pension System;
(r) “local fund administered by Government” means the fund administered by a body which, by law or rule having the force of law, comes under the control of the Government and over whose expenditure the Government retains complete and direct control;
(s) “National Pension System” means the contributory pension system referred to in section 20 of the Pension Fund Regulatory and Development Authority Act, 2013 whereby contributions from a subscriber are collected and accumulated in an individual pension account using a system of points of presence, a Central Recordkeeping Agency and pension funds as may be specified by regulations by Pension Fund Regulatory and Development Authority;
(t) “Pay and accounts officer” means an officer, whatever his official designation, who maintains the accounts of a Ministry, Department or Office of the Central Government or Union territory and includes,-
(i) an Accountant-General, who is entrusted with the functions of maintaining the accounts or part of accounts of the Central Government or Union territory: and
(ii) a Financial Adviser and Chief Accounts Officer of a railway or such other officers as may be appointed in this behalf by the Railway Board;
(u) “pension fund” means an intermediary which has been granted a certificate of registration under sub-section (3) of section 27 of the Pension Fund Regulatory and Development Authority Act, 2013 by the Authority as a pension fund for receiving contributions, accumulating them and making payments to the subscriber in the manner as may be specified by regulations;
(v) “Permanent Retirement Account Number” means a unique identification number allotted to each subscriber by the central recordkeeping agency;
(w) “subscriber” means a railway servant who subscribes to a scheme of a Pension fund;
(x) “Trustee Bank” means a banking company as defined in the Banking Regulation Act, 1949 (10 of 1949).
(2) The words and expressions used herein and not defined but defined in the Code, the Railway Services (Pension) Rules, 1993, the Pension Fund Regulatory and Development Authority Act, 2013 or Pension Fund Regulatory and Development Authority regulations have the same meanings respectively assigned to them in that Code, Rules, Act or Regulations.
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