PFRDA Has Put Every NPS Scheme on One Risk Scale: The Five Categories, the Riskometer, and What Changes for You
Two PFRDA circulars of 28 August 2026 sort every NPS scheme into five types, grade pension-fund schemes A to E by equity share, put a riskometer on each, fix a naming format and a selection journey, and allow two scheme changes a year. Renames are due by 27 September. What a subscriber sees, and what to do.
Mrunmai Madaye
@mrunmai1995
I cover personal finance and the government small-savings schemes here — PPF, the Sukanya Samriddhi Yojana, NSC, the Senior Citizens' Savings Scheme and Kisan Vikas Patra. I start from the notified scheme rules as published in the Gazette rather than from bank marketing pages, and I go after the parts households most often get wrong: how interest is actually calculated month to month, what happens when a deposit misses its cycle, what premature closure really costs, and how the tax treatment shifts from one scheme to the next. My rate tables carry the date I checked them, because the Finance Ministry resets those every quarter.
