What is the percentage contribution of the Central

Solution

NPS is mandatorily applicable on Central Government employees (except Armed Forces) recruited on or after 01.01.2004. Govt. employees make a monthly contribution at the rate of 10% of their salary and a matching contribution is paid by the Government.   For central Govt. employees, the employer’s contribution rate has been enhanced to 14% w.e.f. 01.04.2019. In Aug 2021, this contribution of 14% has been extended to employees of Central Autonomous Bodies (CAB) also with effect from 01.04.2019.   The contributions and investments would be deposited in the Tier I of PRAN.