National Pension System (NPS) subscribers rises 22% YoY to 5.2 crore in March

NPS on withdrawal will be totally tax exempt. Currently, 40% of the total accumulated corpus utilised for purchase of annuity at retirement or reaching the age of 60 is already tax exempted. Photo: iStock

1 min read . Updated: 09 Apr 2022, 12:23 PM IST Livemint

Total pension assets stood at ₹7.36 lakh crore under the management of Atal Pension Yojana

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The number of subscribers in various schemes under the National Pension System (NPS) rose to 5.2 crore by end-March 2022 from 4.24 crore in March 2021 showing a year-on-year increase of 22.58 per cent, according to data released by the Union Finance Ministry on Friday.

Total pension assets stood at ₹7.36 lakh crore under the management of Atal Pension Yojana (APY), showing year-on-year growth of 27.43 per cent.

The number of subscribers under Atal Pension Yojana increased to 3.62 crore as on March-end 2022 from 2.80 crore a year ago, registering a growth of 29.33 per cent, the finance ministry data showed.

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