NPS Sanchay: Can ₹1,000/Month Build Your Pension?

PFRDA launched NPS Sanchay, a simpler version of the National Pension System, with a nationwide awareness drive. It lets more Indians — including informal workers — start a pension with very small amounts, as low as ₹1,000 a month.

Here's what happened: PFRDA launched NPS Sanchay Pension Yatra, a nationwide campaign to increase pension awareness and enrolment across India, especially in underserved areas.. NPS Sanchay is a simplified National Pension System variant designed to make pension access easier for informal sector workers, self-employed individuals, and first-time investors.. The campaign aims to close India's massive pension gap — currently, fewer than 15% of India's workforce has any formal pension coverage beyond basic EPFO..

What you should do: Open an NPS account online in under 20 minutes via eNPS at enps.nsdl.com using your Aadhaar and PAN — no paperwork, no branch visit needed.. Check your Form 16 or salary slip — if your employer offers NPS under Section 80CCD(2), opt in immediately as employer contributions are tax-free beyond your ₹1.5L 80C limit.. Compare NPS fund managers (SBI, LIC, HDFC, ICICI, Kotak, UTI, Aditya Birla) on the PFRDA website and choose your equity-debt split based on your age and risk appetite..

Salaried employees can claim up to ₹50,000 extra tax deduction under Section 80CCD(1B) — separate from 80C — saving ₹15,600 annually in the 30% tax bracket that most people leave unclaimed.