New Student Offer - Use Code HELLO

Register Now

National Pension System Assets under Management crossed 10 lakh crore

Published on September 01, 2023
Current Context: The AUM of NPS and APY crossed 10 lakh crore (10 trillion) rupees on August 25, 2023. This was a significant milestone for the pension sector in India, as it showed the increasing popularity and trust of the people in these schemes.
National Pension System Assets under Management crossed 10 lakh crore
  • The AUM of NPS and APY doubled in less than three years, as it was around 5 lakh crore rupees in November 2020.
  • The number of subscribers under NPS and APY also increased to more than 6.62 crore as of August 25, 2023.
  • The AUM of NPS and APY is distributed across different segments, such as central government, state government, corporate, all citizen model, NPS Lite and APY.
  • The PFRDA regularly carries out various initiatives to enhance financial education and awareness among the subscribers and the general public.
  • It also celebrates October 1 as National Pension System Diwas (NPS Diwas) every year to promote pension and retirement planning.

Question:

Q.1 What is the name of the pension regulator in India?
a. PFRDA
b. SEBI
c. RBI
d. IRDAI
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu