Enhancement of Investment Choice Options under NPS for subscribers of Central Autonomous Bodies (CABs)
Big Relief for NPS Employees of Central Autonomous Bodies: PFRDA Enhanced Investment Choice Options / केंद्रीय स्वायत्त निकायों के NPS कर्मचारियों को बड़ा फायदा: PFRDA ने बढ़ाए Investment Choice Options
Enhancement of Investment Choice Options under NPS for subscribers of Central Autonomous Bodies (CABs)
पेंशन फंड नियामक एवं विकास प्राधिकरण (PFRDA) ने केंद्रीय स्वायत्त निकायों (Central Autonomous Bodies – CABs) के राष्ट्रीय पेंशन प्रणाली (NPS) के अंशधारकों के लिए निवेश विकल्पों का दायरा बढ़ा दिया है। 9 जुलाई 2026 को जारी परिपत्र के अनुसार अब CAB कर्मचारियों को पहले की तुलना में अधिक Investment Choice उपलब्ध होंगे, जिससे वे अपनी जोखिम क्षमता और वित्तीय लक्ष्यों के अनुसार बेहतर निवेश निर्णय ले सकेंगे।
पहले केंद्रीय स्वायत्त निकायों के कर्मचारियों के लिए NPS में निम्न चार प्रमुख विकल्प उपलब्ध थे:-
- Default Scheme,
- Active Choice (100% Government Securities),
- Auto Choice Life Cycle 25 (Low) तथा
- Auto Choice Life Cycle 50 (Moderate)
अब PFRDA ने दो नए Auto Choice विकल्प भी जोड़ दिए हैं। नए विकल्पों में
- Auto Choice Life Cycle 75 – High (15E/55Y) और
- Auto Choice Life Cycle – Aggressive (35E/55Y)
इन योजनाओं में निवेशक की आयु के अनुसार इक्विटी आवंटन धीरे-धीरे कम होता है, जिससे लंबी अवधि में बेहतर रिटर्न की संभावना के साथ जोखिम का संतुलन भी बना रहता है।
PFRDA ने स्पष्ट किया है कि डिफॉल्ट योजना के अलावा किसी अन्य विकल्प का चयन करने वाले अंशधारकों को उपलब्ध गैर-डिफॉल्ट विकल्पों में से एक निवेश विकल्प और PFRDA में पंजीकृत किसी एक Pension Fund का चयन करना होगा। साथ ही, निवेश से पहले विभिन्न योजनाओं के प्रदर्शन की समीक्षा करने की भी सलाह दी गई है। यह निर्णय NPS निवेशकों को अधिक लचीलापन, बेहतर निवेश नियंत्रण और दीर्घकालिक सेवानिवृत्ति योजना को मजबूत बनाने में मदद करेगा।
PFRDA का मूल परिपत्र (Circular) नीचे पढ़ें —
पेंशन निधि विनियामक और विकास प्राधिकरण
PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY
CIRCULAR
Circular No.: PFRDA/2026/39/SUP-CGSG/01
09.07.2026
To:
All NPS Stakeholders
Subject: Enhancement of Investment Choice Options under NPS for subscribers of Central Autonomous Bodies (CABs)
- Pursuant to the Gazette Notification No. FX-4/2/2025-PR dated 13.11.2025 issued by the Department of Financial Services, Ministry of Finance, PFRDA through Circular No. PFRDA/2025/21/Reg-PF/03 dated 01.12.2025 had notified the expansion of the investment choice options for Central Government (CG) subscribers.
- Similarly, in furtherance to Office Memorandum F.No.1(3)/EV/2020 dated 01.07.2026 issued by the Department of Expenditure, Ministry of Finance, PFRDA hereby notifies the expansion of the existing investment choice options under the NPS for subscribers of CABs. Two additional Auto Investment Choice options have been introduced, thereby increasing the total number of available choices for subscribers of CABs to six.
- The following investment choices are currently available to CAB subscribers:
| Existing Investment Choice under NPS | Description |
| Default Scheme | Contributions are invested as per a predefined asset allocation pattern managed by three Pension Funds. |
| Active Choice (100% G-Sec) | Investment solely in Government Securities. |
| Auto Choice — Life Cycle 25 – Low (5E/55Y) | The Subscriber’s contribution is invested with the equity exposure of 25% until they reach 35 years and the equity allocation tapers subsequently till it reaches 5% at the age of 55 years which continues till exit. |
| Auto Choice — Life Cycle 50 — Moderate (10E/55Y) |
The Subscriber’s contribution is invested with the equity exposure of 50% until they reach 35 years and the equity allocation tapers subsequently till it reaches 10% at the age of 55 years which continues till exit. |
- In accordance with the Office Memorandum F.No. 1(3)/EV/2020 dt 1 July 2026 issued by the Department of Expenditure, the following two additional Auto Choice options are introduced:
| Additional Investment Choice Options under NPS | Description |
| Auto Choice – Life Cycle 75 – High (15E/55Y) | The Subscriber’s contribution is invested with the equity exposure of Auto Choice Life 75% until they reach 35 years and the equity allocation tapers subsequently till it reaches 15% at the age of 55 years which continues till exit. |
| Auto choice – Life Cycle – Aggressive (35E/55Y) | The Subscriber’s contribution is invested with the equity exposure of Auto choice Life 50% until they reach 45 years and the equity allocation tapers subsequently till it reaches 35% at the age of 55 years which continues till exit. |
- Subscribers opting for any alternative investment choice other than the Default Scheme shall be required to:
(a) exercise one of the five non-default investment options as mentioned above, and
(b) select one Pension Fund from the Pension Funds currently registered with PFRDA. - Subscribers are advised to exercise their investment choice judiciously, based on a review of the performance of schemes and Pension Funds. Updated scheme-wise and PF-wise performance information is available on the NPS Trust website (www.npstrust.org.in), and subscribers are encouraged to make informed decisions.
- This circular is issued in exercise of the powers conferred upon the Authority under Section 14(2)(b) read with Section 23 of the PFRDA Act, 2013, and Regulation 14(1) of the PFRDA (Pension Fund) Regulations, 2015.
Yours sincerely
(Vikas Kumar Singh)
Chief General Manager
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