NPS is mandatory to all employees joining services of Central Government (except Armed Forces) and Central Autonomous Bodies on or after 1st January 2004. Almost all State Governments have adopted NPS architecture and have implemented NPS mandatorily through Gazette Notifications for the State Government/ Autonomous body employees joining on or after their respective cut-off dates.
Reducing the Minimum Contribution Requirement of Rs. 6000/- per annum under NPS Private Sector- Tier I (All Citizen Model and Corporate Model) to Rs. 1000/- per financial year, 2. Waiver of minimum requirement of contribution of Rs. 250/- per annum and maintenance of balance of Rs. 2000/- at the end of Financial Year under NPS-Tier II account. 3. Unfreezing all the existing frozen accounts due to non-contribution of minimum contribution of Rs. 6000/- per annum in Tier I account and minimum contribution of Rs. 250/- per annum in Tier II