The Pension Fund Regulatory and Developement Authority (PFRDA) in its circular issued on 16th September, 2025 stated that the Non-Government Sector (NGS) subscribers can now invest 100% of their NPS funds in equity.

PFRDA also introduced a Multiple Scheme Framework (MSF) for Non-Government Sector Subscribers which will enable them to have benefits of multiple Pension related schemes from a single NPS account .

This will take effect starting from 1st October 2025 which is also the International Day of Older Persons and the day observed as NPS Diwas.