PFRDA Chairman Dr. Deepak Mohanty said. After retirement, if you have at least 60-70 percent of your salary, you can survive later. Therefore, pension from the workplace, or basic pension provided by the government, or individual pension can be ensured. But still there is not much awareness about pension schemes in the country. Mohanty added that this situation has to change.

He clarified that both government employees and ordinary people can join the National Pension Scheme introduced by the Pension Fund Regulatory and Development Authority (PFRDA). He added that by joining the scheme at the earliest, the benefit of compounding will also be available.

Currently 1.6 crore people are members of NPS in the country. 13.5 lakh crore funds under management. Figures show that the number of NPS subscribers in the private sector is 61 lakh in the country, 2 lakh in Kerala and 35,238 in Kochi. In the corporate sector, the figure is 21,70,791 subscribers in India and 84,729 in Kerala. The number of corporate subscribers from Kochi is 14,988.

At the same time, 39,38,762 ordinary people are NPS subscribers in the whole country, 121,667 in Kerala and 20,250 in Kochi. 100 companies have joined NPS in Kochi. All over Kerala 215 companies have joined NPS.

NPS Walsalya

Recently introduced NPS Valsalya for children, 3600 accounts have already been started from Kerala. Accounts have been opened for 70,000 children nationally. The special feature is that the account can be opened digitally very easily. All banks are facilitating opening of NPS Valsalya Accounts.

As of November this year, total assets under management in NPS and Atal Pension Yojana are Rs 13.4 lakh crore. It has 7.9 crore subscribers. Encouraging growth is seen in the adoption of NPS in Kerala. 3.38 percent of private sector accounts in NPS are from Kerala. 216 corporates from Kerala are registered with NPS. At the national level, 18,152 corporates have adopted this scheme for their employees.