First Annual Publication of “Handbook of National pension System Statistics 2023 (HNPSS)
PRESS RELEASE
New Delhi, May 29, 2023
PFRDA RELEASES HANDBOOK OF NATIONAL PENSION SYSTEM STATISTICS (2023)
Today, Pension Fund Regulatory and Development Authority released its first annual publication of “Handbook of National pension System Statistics 2023” (HNPSS).
This publication, the first edition in the series, disseminates time series data on National Pension System and APY relating to all three phases of subscriber journey in the NPS system, namely: registration, accumulation, and at the time of exit in the NPS architecture in one publication. The current edition of the HPNSS contains 28 statistical tables covering time series and annual data on various parameters such as scheme-wise number of subscribers and their demographic profile, asset under management, contributions, withdrawals, grievance resolutions, net asset values (NAVs) for the period 2008-09 to 2022-23.
Feedback/comments on the HNPSS, if any, may be sent by email to [email protected]
Handbook of National Pension System Statistics (2023)
| 0 | COVER PAGE |
| 1 | FOREWORD |
| 2 | PREFACE |
| 3 | GLOSSARY |
| 4 | DATA DEFINITIONS |
| 5 | LIST OF TABLES |
| 6 | OVERVIEW OF NPS ARCHITECTURE |
Glossary
| A | Alternative Asset Class |
| APY | Atal Pension Yojana |
| ASP | Annuity Service Provider |
| AUM | Asset Under Management |
| Axis PF | Axis Pension Fund Management Limited |
| Aditya Birla PF | Aditya Birla Sun Life Pension Management Ltd |
| C | Corporate Debt and Related Instruments |
| CAB | Central Autonomous Body |
| CAMS | Computer Age Management System |
| CRA | Central Recordkeeping Agency |
| CG | Central Government |
| DDO | Drawing & Disbursing Office (DDO) |
| DTA | Directorate of Treasuries and Accounts |
| DTO | District Treasury Office |
| E | Equity and Related Instruments |
| G | Government Bonds and Related Instruments |
| GST | Goods and Services Tax |
| HDFC PF | HDFC Pension Management Company Limited |
| ICICI PF | ICICI Prudential Pension Funds Management Company Limited |
| IMF | Investment Management Fee |
| IRDAI | Insurance Regulatory and Development Authority of India |
| KCRA | Kfin Technologies Ltd. |
| Kotak PF | Kotak Mahindra Pension Fund Limited |
| LIC PF | LIC Pension Fund Limited |
| Max Life PF | Max Life Pension Fund Management Limited |
| NAV | Net Asset Value |
| NPS | National Pension System |
| PrAO | Principle Accounts Office |
| PAO | Pay and Accounts Office |
| PCRA | Protean eGov Technologies Limited |
| PFRDA | Pension Fund Regulatory and Development Authority |
| POP | Point of Presence |
| PF | Pension Fund |
| PRAN | Permanent Retirement Account Number |
| ROP | Return of Purchase Price |
| SAB | State Autonomous Body |
| SEBI | Securities and Exchange Board of India |
| SG | State Government |
| SOT | Statement of Transction |
| SBI PF | SBI Pension Funds Private Limited |
| Tata PF | Tata Pension Management Limited |
| TTS | Tier-II Tax Saver Scheme |
| UOS | Unorganised Sector |
| UTI PF | UTI Retirement Solution Limited |
Data Definitions
APY Atal Pension Yojana The Government of India has introduced a pension scheme called the Atal Pension Yojana (APY), with effect from 1st June, 2015, pursuant to the announcement in the budget for 2015-16 on creating a universal social security system for all Indians, especially the poor, the underprivileged and the workers in the unorganised sector. APY is being administered by the Pension Fund Regulatory and Development Authority (PFRDA) under the overall administrative and institutional architecture of the National Pension System (NPS).
ASP Annuity Service Provider Annuity Service Providers are the life insurance companies registered with IRDAI and empanelled by PFRDA to provide annuities to the subscribers at the time of exit from the scheme.
Contribution The amount contributed on behalf of subscribers for which units have been allocated in the CRA system.
CRA Central Recordkeeping Agency The intermediary responsible for providing centralized recordkeeping, administration, and customer service functions to the subscribers ¹.
Default Scheme In the default scheme, the contribution is allocated to three PFMs. SBI Pension Funds Private Limited, UTI Retirement Solutions Limited, and LIC Pension Fund Limited in a predefined proportion, and each of the PFMs will invest the funds in the proportion as per investment guidelines issued by PFRDA and amended from time to time.
Enrollment Registration of PRAN under NPS which may be currently Active/De-active.
Exit The closure of the individual pension account of the subscriber under the National Pension System or Atal Pension Yojana².
NPS Corporate Launched in December 2011, NPS Corporate is the scheme available to the organized sector under employee-employer relationship.
NPS All Citizen The channel of NPS which is available to all of the citizens of India on a voluntary basis since May 01st 2009.
Partial Withdrawal The withdrawal of accumulated pension wealth of the subscriber not exceeding twenty-five percent of the contributions made by the subscriber and excluding contributions made by the employer².
PF Pension Fund The intermediary which has been granted a certificate of registration for receiving contributions, accumulating them, and making payments to the subscribers in the manner as specified by PFRDA regulations³.
POP (Point of Presence) POP is an intermediary registered with the Authority having the capability of electronic connectivity with CRAs for the purpose of receiving funds and instructions and pay out of funds 4.
Tier I Individual Pension Account Tier-I account is the Individual Pension Account under National Pension System (NPS).
Tier II Voluntary Account Tier-II is a voluntary account that offers liquidity of investments and withdrawals. It is allowed only when there is an active Tier-I account in the name of the subscriber.
Subscriber A person who is currently subscribed to a scheme of a pension fund approved by the Authority.
Sector Sector refers to the classification of the subscribers/enrollments/AUM/Contributions on the basis of their presence in the NPS architecture. At present the followings are the sectors (Table 1).
| Definition | Sector |
| CG Sector | CG Sector comprises of Central Government employees including CABs |
| SG Sector | SG Sector comprises of Central Government employees including SABs |
| Corporate | Launched in December 2011, NPS Corporate is the scheme available to the organized sector. |
| All Citizen | Voluntary Channel of NPS which is available to all citizens of India |
| NPS Lite | Refers to NPS Lite Scheme |
| APY | Related to Atal Pension Yojana |
Table 1: Various Sectors under NPS Architecture
Pension Fund Managers List of PFMs under NPS and APY:
| Aditya Birla PF | Aditya Birla Sun life Pension Management Limited |
| Axis PF | Axis Pension Fund |
| HDFC PF | HDFC Pension Management Company Limited. |
| ICICI PF | ICICI Prudential Pension Funds Management Company Limited |
| Kotak PF | Kotak Mahindra Pension Fund Ltd |
| LIC PF | LIC Pension Fund Limited |
| Max Life PF | Max Life Pension Fund Management Limited |
| SBI PF | SBI Pension Funds Private Limited |
| Tata PF | TATA Pension Management Limited |
| UTI PF | UTI Retirement Solution Limited |
Table 2: List of Pension Funds registered with PFRDA as on 31st March 2023
Asset Class Assets-class wise Classification:
| Asset Class | Constituents |
| G-Sec | Government Securities and related investments |
| Corporate Bond | Debt and related investments |
| Equity | Equity and related investments |
| REIT/InvITs | Units of REIT and InvITs regulated by SEBI |
| Short Term investments | Short term debt instruments and related investments |
| Cash and Net Current Assets | Cash, accrued interest, net receivables/payables |
Table 3: Asset Class Classification
Scheme Scheme means schemes of Pension Funds approved by the Authority. Different schemes available under the NPS Architecture:
| Definition | Scheme |
| CG Scheme | Default Scheme option available only to Central Government Employees |
| SG Scheme | Default Scheme option available only to State Government Employees |
| NPS Lite | Default Scheme available for NPS Lite subscribers. |
| Corporate CG | Default Scheme option available only to subscribers under NPS Corporate Sector. |
| APY Scheme | Default Scheme for Atal Pension Yojana |
| E Tier I | Tier I scheme investing in Equity and Related Investments |
| C Tier I | Tier I scheme investing in Debt Instruments and Related Instruments |
| G Tier I | Tier I scheme investing in Government Securities and Related Investments |
| A Tier I | Tier I scheme investing in Alternative Asset Class. |
| E Tier II | Tier II scheme investing in Equity and Related Investments |
| C Tier II | Tier II scheme investing in Debt Instruments and Related Instruments |
| G Tier II | Tier II scheme investing in Government Securities and Related Investments |
| Tax Saver Tier-II (TTS – II) 2020 |
Tier II Account specifically available to Central Government Subscribers with Tax Saving benefits |
Table 4: Various Schemes under NPS Architecture
References for Data Tables
Table 1. PFM-wise and Scheme-wise Asset Under Management
(Rs. in crore)
(i) AUM value for each Pension Fund under different schemes is given.
(ii) All values are rounded off to two digits after the decimal.
(iii) The sectors are defined as standard acronyms in Table .
(iv The AUM corresponding to APY Fund Scheme has not been included.
(v) Frequency: Annual (given as on the last business day of the financial year).
Table 2. Sector-wise Asset Under Management (Rs. in crore).
(i) AUM values under different sectors is given.
(ii) All values are rounded off to two digits after the decimal.
(iii) The sectors are the standard acronyms as defined in the Data Definition Section.
(iv) The AUM corresponding to APY Fund Scheme has not been included.
(v) Frequency: Annual (given as on the last business day of the financial year).
Table 3. Sector-wise Number of Subscribers
(i) Number of subscribers on the last day of the financial year in each sector.
(ii) All values are exact numbers.
(iii) The sectors are defined as standard acronyms in the Data Definition Section.
(iv) Frequency: Annual (Provided as on the last business date of the financial year).
Table 4. Sector-wise Enrollment in Tier II Account.
(i) Number of Tier-II enrollments in each financial year based on the sector of the Tier-I account as on 31st March 2023.
(ii) Subscriber having Tier II registered during the year is provided (Whether the current status is active or de-activate).
(iii) Subscriber sector categorisation is done based on the Tier I association as on March 31, 2023.
(iv) Frequency: Annual (given as on the end of the financial year).
Table 5. Sector-wise Contribution in Tier II Account (Rs. in crore).
(i) Contribution to Tier-II in each financial year based on the subscribers as on 31st March 2023.
(ii) All values are in crore and rounded off to two decimal places.
(iii) The sectors are the standard acronyms as defined in the Data Definition Section.
(iv) Tier II contribution settled during the Financial Year is provided.
(v) Frequency: Annual (given as of the end of the financial year).
Table 6. State-wise Gender-wise enrolments under APY
(i) Gender-wise number of enrollments in a financial year in a State is given.
(ii) State is identified as per subscriber state available in CRA record as on 31st March 2023.
(iii) Frequency: Annual (given as on the end of the financial year).
Table 7. SLBC-wise Gender-wise enrolments under APY
(i) Gender-wise bifurcation of enrollments in an SLBC is given for each financial year.
(i) SLBCs have been identified as per subscriber CRA records as on 31st March 2023.
(iii) Frequency: Annual (given as on the end of the financial year)
Table 8. State-wise Age-wise enrolments under APY
(i) Age-wise number of enrollments in a financial year in a State is given.
(ii) State is identified as per subscriber state available in CRA records as on 31st March 2023.
(iii) Age of the subscriber (in terms of years only) is at the time of entry into the scheme. Frequency: Annual (given as on the end of the financial year).
Table 9. State-wise Pension Slab-wise enrolments under APY
(i) Pension slab-wise number of enrollments in a financial year in a State is given.
(ii) State is identified as per subscriber state available in CRA records as on 31st March 2023.
(iii) Age of the subscriber (in terms of years only) is at the time of entry into the scheme.
(iv) Frequency: Annual (given as on the end of financial year).
Table 10. State-wise and Gender-wise Subscribers of NPS All Citizen
(i) Number of registration of subscribers with gender-wise categorization for each state is given.
(ii) The data is given as per enrollments in each financial year.
(iv) State is identified based on the correspondence state code provided/updated as on March 31st, 2023 and gender is as per the CSRF form submitted by the subscriber.
(v) Frequency: Annual (Given as on the end of financial year).
Table 11. State-wise and Gender-wise Subscribers of NPS Corporate Sector
(i) Number of registration of subscribers with gender-wise categorization for each state is given.
(ii) The data is given as per enrollments in each financial year.
(iii) State is identified based on the correspondence state code provided/updated as on March 31st , 2023 and gender is as per the CSRF form submitted by the subscriber.
(iv) Frequency: Annual (Given as on the end of the financial year).
Table 12. Age-wise and Gender-wise Subscribers of NPS All Citizen
(i) Number of registration of subscribers with gender-wise categorization for each state is given.
(ii) The data is given as per enrollments in each financial year.
(iii) Age is calculated at the end of each Financial Year and gender is as per the CSRF form submitted by the subscriber.
(iv) Frequency: Annual (Given as on the end of financial year).
Table 13. Age-wise and Gender-wise Subscribers of Corporate Sector
(i) Number of registration of subscribers with gender-wise categorization for each state is given.
(ii) The data is given as per enrollments in each financial year.
(iii) Age is calculated at the end of each Financial Year and gender is as per the CSRF form submitted by the subscriber.
(iv) Frequency: Annual (Given as on the end of financial year).
14. Annuity Plan Opted at the time of Superannuation/ Exit
(i) Number of Exits (exact numbers) in each annuity plan is given in each financial year.
(ii) The categorization of only those cases have been provided which have been recorded in the CRA system.
(iii) The exhaustive list of all available annuity plans is given below.
Type of Annuity:
| Option A | Annuity for Life |
| Option B | Annuity for life with return of purchase price on death |
| Option C | Annuity payable for life with 100 % annuity payable to spouse on the death of the annuitant |
| Option D | Annuity payable for life with 100 % annuity payable to spouse on the death of annuitant with the return of the purchase price of the annuity |
| Option E | Life annuity with return of Purchase price in parts |
| Option F | Life Annuity with Return of Purchase Price on Diagnosis of Critical Illness |
| Option G | NPS – Family Income Option |
Table 15. No. of Partial Withdrawal cases Reported and Settled
(i) Number of Partial Withdrawal Requests received, accepted, and processed in the CRA system has been given.
(ii) Frequency: Annual (Given as on the end of financial year).
Table 16. Reasons for Partial Withdrawal
(i) Count of reasons specified for partial withdrawal in each financial year.
(ii) The purpose for partial withdrawal is defined in Chapter III, PFRDA(Exits and Withdrawal under the NPS) Regulation 2015 and amendments thereto.
(iii) Frequency: Annual (given as on end of the financial year).
Table 17. Category-wise Query/Grievance Reported
(i) Count of the status of grievances registered in a financial year and resolved.
(ii) Data is provided as per the monthly NPS Trust/PFRDA MIS working.
(iii) Data is prepared based on broad categories of Protean CRA. The categories corresponding to other CRAs which are not in PCRA have been merged in Others.
(iv) Frequency: annual (given as in a financial year).
Table 18. Number of Registered PrAO/DTA, PAOs/DTOs, DDOs
(i) Number of PrAO/DTA, No of PAOs/DTOs, DDOs Registered in a Financial Year. This includes such offices which are deactivated (non-operational) as on March 31, 2023.
(ii) The Offices include CG/CAB/SG/SAB offices.
(iii) Frequency: Annual (given as per calendar year)
Table 19. Number of Registered CABs and SABs
(i) Number of Nodal offices (CABs/SABs) registered during the financial year is given.
(ii) This includes such offices which are deactivated (non-operational) as on March 31, 2023
(iii) Frequency: annual (given as on end of the financial year).
Table 20. PFM-wise and Scheme-wise Asset Under Management
(Rs. in crore)
(i) AUM value under different schemes for each Pension Fund is given.
(ii) All values are rounded off to two digits after the decimal.
(iii) The schemes are defined as standard acronyms in the Data Definition Section.
(iv) The AUM corresponding to AUM Fund Scheme has not been included.
(v) Frequency: Monthly (given as on last business date of the month)
Table 21. Sector-wise Asset Under Management (Rs. in crore)
(Rs. in crore)
(i) AUM values under different sectors is given.
(ii) All values are rounded off to two digits after the decimal.
(iii) The sectors are the standard acronyms as defined in the Data Definition Section.
(iv) The AUM corresponding to AUM Fund Scheme has not been included.
(v) Frequency: Monthly (given as on last business date of the month)
Table 22. Sector-wise Number of Subscribers
(i) Number of subscribers per month’s last day in each sector.
(ii) All values are exact numbers.
(iii) The sectors are the standard acronyms as defined in the Data Definition Section.
(iv) Frequency: Monthly (given as on last business date of the month)
Table 23. Sector-wise Contribution (Rs. in crore)
(i) Contribution values under different sectors is given as on the end of the month.
(ii) All values are rounded off to two digits after the decimal.
(iii) The sectors are the standard acronyms as defined in the Data Definition Section.
(iv) Frequency: Monthly (given as on last business date of the month)
Table 24. Scheme-wise Contribution (Rs. in crore)
(i) Contribution values under different schemes are given as on the end of the month.
(ii) All values are rounded off to two digits after the decimal.
(iii) The sectors are the standard acronyms as defined in the Data Definition Section.
(iv) Frequency: Monthly (given as on last business date of the month)
Table 25. Asset Class-wise classification of AUM
(i) Amount-wise asset allocation of AUM is provided as on the last day of the month.
(ii) All valuess are in crores and rounded off to two digits after the decimal.
(iii) Categories of asset are specified in the Data Definition Section.
(iv) Frequency: Monthly (given as on last business date of the month)
Table 26. Scheme-wise and PFM-wise NAV
(i) NAV Data is given for different schemes for each pension fund.
Frequency: Daily (Business Day) (As on date)
Table 27. List of POPs registered
List of entities registered as Point of presence under Regulation 3(1) of PFRDA (POP) Regulations, 2018 under the following categories as on 31 March 2023:
(i) National Pension System (NPS) – Distribution and servicing for public at large through physical as well as online platforms.
(ii) National Pension System (NPS) -Distribution and servicing for citizens at large through online platforms only.
(iii) National Pension System (NPS) – Distribution and servicing only for own employees and other personnel either through physical or online platforms.
(iv) NPS – Lite – Swavalamban scheme
(v) Atal Pension Yojana
(vi Any other scheme regulated or administered by Authority.
Table 28. Cost structure under NPS Architecture
(i) Applicable fees and charges levied to subscribers in NPS and APY. The data is as end of 31 March, 2023.
- For more information, please refer to Pension Fund Regulatory and Development Authority (Central Record Keeping Agency) Regulation 2015 and amendments thereto.
- As defined by the Pension Fund Regulatory and Development Authority (Exits and Withdrawal under the National Pension System, Regulation 2015 and amendments thereto.
- For more information, please refer to Pension Fund Regulatory and Development Authority (Pension Fund) Regulation 2015 and amendments thereto.
- For more information, please refer to Pension Fund Regulatory and Development Authority (Point of Presence) Regulation 2015 and amendments thereto.
COMMENTS