Economy

Subscribers under pension schemes rise to 4.63 cr at Sept-end: PFRDA

The Pension Fund Regulatory and Improvement Authority (PFRDA) on Monday stated the variety of subscribers in numerous pension schemes rose 24 per cent to 4.63 crore as on the finish of September 2021.

The entire variety of subscribers in pension schemes regulated by PFRDA had stood at 3.74 crore in the identical month a yr in the past, the pension fund regulator stated in an announcement.

As of September 30, the belongings beneath administration (AUM) in numerous pension schemes regulated by PFRDA rose to Rs 6,67,379 crore as towards Rs 4,94,930 crore on the finish of September 2020, exhibiting annual development of 34.84 per cent, it stated.

The PFRDA administers two pension schemes — National Pension System (NPS) and Atal Pension Yojana (APY).

The entire variety of subscribers beneath APY grew 32.13 per cent to 312.94 lakh as of September 30, 2021, in response to the PFRDA information.


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