Three Pension Fund Managers are empanelled under the government sector NPS: subsidiaries of SBI (SBI Pension Funds Pvt. Ltd.), UTI (UTI Retirement Solutions Ltd.), and LIC (LIC Pension Fund Ltd.). Funds are distributed among them in a designated ratio.
Source: NPS Rule 12
What happens if there is no eligible family member at the time of a subscriber's death?
What if my appointment order was dated December 2003 but I joined in February 2004 — which scheme applies?
Is the NPS corpus guaranteed?
Why is 40% of the corpus locked into an annuity?
Is there a penalty for not contributing to Tier-II in a year?
This answer is for informational purposes only and does not constitute legal advice. Always refer to the original rules and consult competent authorities for official interpretation.