The National Pension System (NPS), India’s flagship retirement savings plan, has undergone its biggest transformation yet in 2025. Regulated by the Pension Fund Regulatory and Development Authority (PFRDA), the revamped NPS now combines greater flexibility, digital simplicity, and smarter investment options — giving savers across India more control over their financial future. Advertisement

Financial expert Dhirendra Kumar, who recently interviewed the PFRDA chairperson, calls it a “revolutionary upgrade” that trusts investors to take charge of their own retirement. “NPS now gives complete freedom to design your own pension portfolio, while keeping the focus on long-term discipline,” he said.

Multiple schemes, more freedom

The biggest reform is the new multi-scheme framework, which all

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