According to reports from Outlook Money, Corporate NPS has achieved significant scale with around 27,000 registered employers and 2.83 million employees as of July 2026, managing assets under management of approximately ₹3 lakh crore. As reported by PFRDA's Whole Time Member (Law) Randip Singh Jagpal at Outlook Money's Retire Smart: Financial Wellness Leadership Series, this growth reflects the scheme's increasing importance as an additional retirement layer for India's mobile workforce.
According to Jagpal's statements reported by Outlook Money, Corporate NPS is positioned as a supplement rather than replacement for EPF, particularly for employees earning substantially above the statutory EPF wage ceiling. The PFRDA official emphasized that employers can maintain EPF as the foundation while using Corporate NPS to build an additional retirement corpus. He advocated for employers to comply with statutory retirement requirements while helping employees save beyond minimum requirements.
As reported by Outlook Money, Corporate NPS offers significant tax advantages for employers, with contributions up to 14% being deductible under the new tax regime. The scheme provides professional management, relatively low costs, and investment flexibility that makes it particularly relevant for today's mobile workforce. For employees, tax benefits include deductions on own contributions under Sections 80CCD(1) and 80CCD(1B), while employer contributions under Section 80CCD(2) are deductible up to 10% of salary under the old tax regime and 14% under the new regime.
According to the Outlook Money report, Corporate NPS operates through a portable structure where employees receive a PRAN that remains valid across jobs and locations. The scheme allows employers and employees to decide contribution structures, with subscribers choosing between Active Choice (self-allocation among equity, corporate bonds, and government securities) and Auto Choice (automatic asset allocation adjusting with age). Eligibility extends to Indian citizens, NRIs, and OCIs aged 18-85 years, covering a wide range of employee categories across various organizational structures.
As reported by Outlook Money, Jagpal suggested four key steps for employers to implement Corporate NPS effectively: review existing retirement benefits, offer NPS as part of compensation, explain its benefits simply, and utilize digital platforms such as NPS Tatkal, Star NPS, and the upcoming NPS Central for easy onboarding. The scheme operates alongside existing retirement benefits like EPF without requiring independent investment and pension administration management from employers.
