Why is NPS Essential for the Corporate Sector? Experts Highlight Benefits at Interactive Session by FICCI and PFRDA
FICCI and the Pension Fund Regulatory and Development Authority (PFRDA) jointly organized an interactive session on "National Pension System (NPS) for Corporates." The session aimed to educate the corporate sector about the structure of NPS, its tax benefits, and its crucial role in long-term financial security. Experts provided insights into the utility of NPS, investment options, and taxation aspects, helping corporate employees and management maximize the benefits of the scheme.
The National Pension System (NPS) is a robust, transparent, and professionally managed pension scheme. With tax benefits, flexible investment options, and competitive returns, it has emerged as a preferred choice for both individual investors and corporates seeking long-term financial security and retirement planning.
As of February 2025, the total Assets Under Management (AUM) under NPS and Atal Pension Yojana (APY) have reached ?13.83 lakh crore, with over 8.27 crore subscribers across the country. In Uttar Pradesh, more than 6.1 lakh private-sector employees have enrolled in NPS, reflecting its growing popularity. Additionally, 719 corporate entities in the state are registered under NPS, contributing to the nationwide total of 18,152 corporates that have adopted the scheme for their employees.
Key Highlights from the Session
The event commenced with a welcome address by Shri Sanjay Gupta, President of UP Adarsh Vyapar Mandal, emphasizing the importance of this initiative. Engr. D. P. Singh, Chairman of ASSOCHAM UP-Uttarakhand, followed with an address highlighting NPS's increasing role in the corporate sector.
Dr. Deepak Mahanty, Chairman of PFRDA, delivered the keynote speech, offering an in-depth overview of the NPS framework, investment choices, and benefits. He stated,
"NPS is not just a pension scheme but a pillar of disciplined savings and long-term financial security. It is a transparent, well-structured, and tax-friendly scheme beneficial for every citizen."
Experts shared valuable insights on the significance of NPS:
- Shri Sanjay Gupta, President, UP Adarsh Vyapar Mandal, emphasized,
"In today’s era, NPS is not just an option but a necessity for every employee. It ensures financial stability and economic security post-retirement."
- Engr. D. P. Singh, Chairman, ASSOCHAM UP-Uttarakhand, urged corporates to integrate NPS into their financial structure, stating,
"NPS secures employees’ futures while offering tax benefits and financial stability to organizations."
The session concluded with a vote of thanks from Shri Amit Gupta, State Head, FICCI Uttar Pradesh, who stressed the need to increase awareness about NPS. He remarked,
"Adopting NPS requires the right information and awareness. Such interactive sessions not only educate individuals about its intricacies but also motivate them to take steps toward securing their financial future. We sincerely thank all experts for sharing invaluable insights during this session."
Additionally, Shri Ritobrat Sarkar highlighted the role of financial planning in retirement security, while Shri Sumit Kumar, Chief General Manager, PFRDA, presented NPS as an effective retirement benefit scheme. CA Umashankar Tiwari explained key taxation aspects under NPS.
The event concluded with a Q&A session, where participants had their queries addressed by experts, helping them gain a deeper understanding of NPS.
This interactive session successfully underscored the importance and long-term benefits of NPS for the corporate sector. Experts shared crucial insights on investment, tax advantages, and financial security, further promoting awareness and acceptance of NPS in corporate India.
