Government NPS (NPS–CG/SG)

Designed specifically for central and state government employees who joined after January 1, 2004.

• Structure:
  
  • Mirrors Corporate NPS: government (employer) plus employee contribution.
  • Investment avenues, tax benefits, fund choices remain consistent with Corporate NPS.
• Administration:
  
  • Contributions are managed via payroll.
  • Historically, fund distribution was fixed across fund managers (e.g., SBI, LIC, UTI), but now options have opened up.
• Exit Rules:
  

  Same as Retail/Corporate—partial or full withdrawal rules apply based on corpus size and tenure.