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Step by Step Process to Migrate from National Pension Scheme to the Unified Pension Scheme (UPS)

Written by: Team Angel OneUpdated on: Apr 2, 2025, 3:27 PM IST
From April 1, 2025, NPS subscribers can migrate to the Unified Pension Scheme (UPS) in just 2 steps via an online portal. Know the official procedure.
Step by Step Process to Migrate from National Pension Scheme to the Unified Pension Scheme (UPS)
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The Indian Government has announced a significant change in pension management for its employees. According to an official notification released on January 24, 2024, a new Unified Pension Scheme (UPS) will be implemented, effective from April 1, 2025. This scheme will be available to employees currently covered under the National Pension System (NPS), offering a simplified and transparent process for those who wish to make the switch.

How to  Switch from NPS to UPS?

According to the official report, the process of migrating from NPS to UPS has been designed to be straightforward and user-friendly. Here’s the official two-step process:

  1. Visit the Designated Portal: Employees interested in switching must visit the dedicated online portal: UPS [https://www.npscra.nsdl.co.in/ups.php]

  2. Select the UPS Option: Once on the portal, users should navigate to the NPS section and choose the Unified Pension Scheme (UPS) option. This will initiate the migration process.

This streamlined digital approach ensures ease of access and transparency for all eligible employees.

What is the Unified Pension Scheme (UPS)?

The Unified Pension Scheme is a new pension framework introduced by the central government to provide an alternative to the current NPS. As per the report, all central government employees who are presently under the NPS can choose to migrate to this new scheme. Those who retire on or before March 31, 2025, will be eligible for UPS benefits. Furthermore, even employees joining the government service in the future will have the option to opt for UPS or continue with the traditional NPS.

Eligibility for Switching to the UPS

The UPS is exclusively applicable to central government employees who are:

  • Already enrolled under the National Pension System (NPS), and

  • Will retire on or before 31 March 2025.

Future recruits to the central government will also be provided with the choice between UPS and NPS. The introduction of this dual-option approach aims to offer greater flexibility and accommodate diverse retirement planning preferences.

Conclusion

The launch of the Unified Pension Scheme marks a significant shift in the central government’s approach to retirement planning. While the decision to switch lies entirely with the employee, the government has ensured a hassle-free mechanism for migration..

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Apr 2, 2025, 3:27 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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