Investment options to Railway Employees under National Pension System and Unified Pension Scheme: RBE No. 21/2026
RBE No.21/2026.
GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAYA)
(RAILWAY BOARD)
No. F(E)IN/2025/UPS/1
New Delhi, dated:13.03.2026.
The General Managers/Principal Financial Advisors,
All Zonal Railways/Production Units etc,
DGs of RDSO and NAIR.
Subject:- Investment options to Railway Employees under National Pension System and Unified Pension Scheme.
A copy of Gazette Notification No. FX-4/2/2025-PR dated 13th November,2025, issued by Department of Financial Services, (Ministry of Finance), in partial modification of the Ministry of Finance’s (Department of Economic Affairs) Notification No. 5/7/2003-ECB&PR dated 22nd December, 2003 (circulated vide Board’s letter No.F(E)IN/2003/PN1/24 dated 31.12.2003) as amended vide Ministry of Finance’s (Department of Financial Services) Notification No. 1-3-2016-PR dated 31st January, 2019 (circulated vide Board’s letter No. D-43/12/2018-F(E)III dated 21.02.2019), and the Ministry of Finance’s (Department of Financial Services) Notification No. 1/3/2024-PR dated 24th January, 2025 (circulated vide Board’s letter No. F(E)III/2025/UPS/1 dated 18th March, 2025), is enclosed, herewith, for information and compliance.
(G. Priya Sudarsani),
Director, Finance (Estt.),
Railway Board.
MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 13th November, 2025
F. No. FX-4/2/2025-PR.—In partial modification of the Ministry of Finance’s (Department of Economic Affairs) Notification No. 5/7/2003-ECB&PR dated 22nd December, 2003 as amended vide Ministry of Finance’s (Department of Financial Services) Notification No. 1/3/2016-PR dated 31st January, 2019, and the Ministry of Finance’s (Department of Financial Services) Notification No. 1/3/2024-PR dated 24th January, 2025, the Central Government, in order to allow more investment options to Central Government employees under National Pension System and Unified Pension Scheme, hereby makes the following amendments in the said notification, namely:—
2. Under para 1(vii)(c) of the said notification, after sub-clauses (A) and (B), the following sub-clauses shall be inserted, namely:—
(C) Aggressive Life Cycle Fund with maximum exposure to equity capped at 75% – LC-75.
(D) Balanced Life Cycle Fund with maximum exposure to equity capped at 50%, with tapering of equity
MANOJ MUTTATHIL AYYAPPAN,, It. Secy.
Note: The principal notification was published in the Gazette of India, Extraordinary, Part I, Section 1, vide Notification No. F. No. 5/7/2003-ECB&PR dated 22nd December, 2003, and was subsequently amended vide Notifications No. 1/3/2016-PR dated 31st January, 2019 and Notification No. 1/3/2024-PR dated 24th January, 2025.
COMMENTS