According to the PFRDA data, AUM of the NPS stood at Rs 13.55 lakh crore as on November 30, 2024, as compared to Rs 11.72 lakh crore as on March 31, 2024.
In the NPS balance lifecycle scheme, the debt proportion will increase after 45 years of age. Existing NPS subscribers will also be allowed to move to the new scheme, he said.
NPS crossed Rs 10 lakh crore in assets under management in August 2023.
"The overall corpus under NPS stood at Rs 9.8 lakh crore as of end-June," Mohanty noted.
Prior to this, Deepak Mohanty, a former executive director of the Reserve Bank of India (RBI), served as a member of PFRDA.
Climate change may increase farmers' distress in the country, Reserve Bank Executive Director Deepak Mohanty said today.
The ongoing decline in oil prices is more than what RBI has expected and this will help in fighting inflation, central bank's Executive Director Deepak Mohanty said today.
With efficacy of recent steps by New Delhi to curb gold import yet to be tested, Reserve Bank of India today said the country would have to increase exports to deal with challenge of high current account deficit (CAD).
The Deepak Mohanty Committee has made some marginal and some sweeping suggestions to the way the Reserve Bank operates in the market. Anjan Barua the chairman and managing director of the State Bank of India and Srinivasan Varadarajan executive director of Axis Bank analyse the report.