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NPS Swavalamban



NPS Swavalamban - Making pension possible for small investors



National Pension System (NPS) is an initiative of Pension Fund Regulatory and Development Authority (PFRDA), the apex body established by Government of India to regulate and develop the pension sector in India. NPS has been extended to all citizens of India with effect from 1st May 2009. To extend the coverage of NPS to the weaker and economically disadvantaged sections of the society with their limited investment potential, PFRDA has launched NPS- Swavalamban which specifically targets the marginal investors and promotes small savings during their productive life. It aims at building up a corpus sufficient enough to buy an annuity for their old age.


2.         "NPS-Swavalamban Model" is designed to ensure ultra-low administrative and transactional costs, so as to make such small investments viable. NPS-Swavalamban works on a "group" model. It also aims at harnessing the outreach and capacity of the Government operated schemes, NGOs, MFIs, NBFCs etc. in targeting and servicing the old age savings needs of low income workers. Each eligible group or “Aggregator” in NPS Swavalamban model will be responsible for grass-root level enrolments, ongoing collection, re-conciliation and transfer of individual contributions as well as for ongoing services and information delivery.


3.         “Swavalamban Scheme**” of Govt of India, which grants an incentive of Rs 1000 to all eligible NPS accounts shall be available to all NPS Lite accounts as well, if they meet the prescribed criteria.

Distinguishing Features of NPS Swavalamban:

Ø      Focussed- For economically disadvantaged sections of the society and marginal investors

Ø      Voluntary - Open to eligible* citizens of India, in the age group of 18–60 years. Subscriber is free to choose the amount he/she wants to invest every year.

Ø      Simple – Eligible individuals in the unorganized work force can open an account through their Aggregator and get an Individual subscriber (NPS – Swavalamban) Account.

Ø      Safe - Regulated by PFRDA, with transparent investment norms and regular monitoring and performance review of fund managers by NPS Trust.

Ø      Economical – Ultra-low cost structure with no minimum amount required per annum or per contribution.

Ø      Portable – Subscriber can operate account from anywhere in the country, even with change of location, employment or Aggregator.


*For eligibility and other conditions of NPS Swavalamban, please refer to Regulations on NPS Lite and other information given below.

** Eligibility and other conditions for “Swavalamban Scheme” have been laid down in the Operating Guidelines of Swavalamban Scheme issued by Deptt. of Financial Services, Govt of India vide their letter no. 13/10/2006-PR dated 21st June 2010.



More details on NPS Swavalamban is available in below documents

Regulations for Aggregators under NPS Lite-2010

Amendment dated 14-Nov-2011 to Para-10 of Regulation for Aggregator under NPS Lite-2010 NEW

Amendment dated 13-Dec-2012 to Para-10 of Regulation for Aggregator under NPS Lite-2010 NEW

Guidelines in supplement to “Regulations for Aggreators under  NPS Lite-2010”

Operating Guidelines for Aggregators

Standard Operating Procedure for Subscriber Registration

Standard Operating Procedure for Contribution processing

Incentive Scheme for Aggregators

Offer Document for NPS Lite

Enlistment of Aggregator

Procedure of Enlistment 

Format 1- Application for Enlistment -govt entities

Format 2- Application for Enlistment -non-govt entities

Revenue Structure for Aggregator 


Enlistment of Aggregator Registration Forms

NPS Lite Oversight Office

NPS Lite Account Office

NPS Lite Collection Center

 Subscriber Registration Form (Revised)

NPS Lite subscribers only

NPS Lite subscribers opting for Swavalamban  Scheme Benefit


 List of Registered Aggregators

03-Oct-2013 : List of Registered Aggregators as on 25-09-2013 NEW


List of Cancelled  Aggregators

03-Oct-2013 : List of Cancelled Aggregators as on 25-09-2013 NEW



 For further clarification please visit the following link

 FAQs about NPS-Swavalamban


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