New Delhi: The next month, October, is expected to bring significant changes. If you’re an NPS subscriber, you’ll be in for a major boost. Several major changes are underway regarding NPS. You’ll be able to invest the entire amount of your funds deposited in a single NPS scheme in equities.

This change is part of the recently introduced Multiple Scheme Framework. If an individual is no longer in government service, they can now hold multiple schemes with different CRAs, such as CAMS, Ptotean, and KFintech, through their Permanent Retirement Account Number. Previously, this feature was limited to subscribers. A notification regarding this has been issued.

Know what the notification is?

The government notification stated that the Pension Fund Regulatory and Development Authority (PFRDA) has permitted pension funds to offer customised schemes for different subscriber groups, including economy workers, self-employed professionals, and corporate employees. Each scheme must also have a minimum of two variants. These include moderate risk and high risk. Pension funds can also offer low-risk options if they wish. We’ll provide you with some information about these rules.

Exit and Withdrawal Rules

Exit conditions vary. Annuitization will remain subject to PFRDA regulations as before. Switching from a scheme launched under MSP to a common scheme will be permitted during the vesting period. Switching between Section 20 schemes will only be possible after the completion of a minimum 15-year vesting period, or at the time of normal exit.

Major changes will occur from October 1st

Significant changes are set to occur from October 1st, 2025. Multiple schemes can now be managed under a single PAN, with different central recordkeeping agencies. Previously, only one scheme per tier was permitted. Furthermore, pension funds will now be able to introduce new schemes for different groups.

This includes corporate employees, gig workers, and self-employed professionals. Each scheme will include a minimum of two variants: moderate and high risk. High-risk schemes will also allow up to 100% equity investment.