Master Circular on Investment Guidelines for Government Sector – UPS/NPS/APY Schemes- Central/ State Government (default), Corporate CG, NPS Lite, Atal Pension Yojana and APY Fund Scheme.

Original Master Circular

MASTER CIRCULAR

PFRDA/Master Circular/2025/05/PF-03

Date: 10th December 2025

To

The CEOs of All Pension Funds & NPS Trust
All other NPS Stake Holders

SUBJECT: Master Circular on Investment Guidelines for Government Sector – UPS/NPS/APY Schemes- Central/ State Government (default), Corporate CG, NPS Lite, Atal Pension Yojana and APY Fund Scheme.

1. This Master Circular is being issued in exercise of powers of the Authority conferred under sub-clause (b) of sub-section (2) of Section 14 read with Section 23 of the PFRDA Act, 2013 and sub-regulation (1) of Regulation 14 of PFRDA (Pension Fund) Regulations, 2015 as amended from time to time.
2. This master circular supersedes the earlier circular dated 28.03.2025 and all the circulars/ letters mentioned in the Appendix.
3. This master circular shall be effective immediately.

Yours sincerely

K MOHAN GANDHI
Digitally signed by
K MOHAN GANDHI
Chief General Manager

RBE No. 116-2025 Enhancement of rates of stipend for Act Apprentices as per Apprenticeship

RBE No. 116/2025

भारत सरकार / GOVERNMENT OF INDIA

रेल मंत्रालय / MINISTRY OF RAILWAYS

(रेलवे बोर्ड/RAILWAY BOARD)

2025/E(Trg.)/41/27

New Delhi, Dated: As signed

The General Managers(P),

All Zonal Railways/PUs

Sub:- Gazette Notification No. G.S.R.610(E) dated 03.09.2025 published on 11.09.2025 regarding enhancement of rates of stipend for Act Apprentices under Apprentices Act, 1961 and amendments in the Apprenticeship Rules, 1992.

Please refer to Board’s letter Nos. E(MPP)/2007/6/3 dated 23.08.2007 (RBE No. 109/2007), dated 09.03.2011(RBE No. 31/2011), E(MPP)/2013/6/7 dated 15.01.2014 (RBE No. 8/2014), E(MPP)/2015/6/2 dated 09.03.2015 (RBE No. 16/2015) and E(MPP)/2018/6/1 dated 21.11.2019 (RBE No. 202/2019).

Enhancement of Investment Choice Options under NPS & UPS for Central Government Subscribers: PFRDA

 

Subject: Enhancement of Investment Choice Options under NPS & UPS for Central Government Subscribers

1. Pursuant to the Gazette Notification No. FX-4/2/2025-PR dated 13.11.2025 issued by the Ministry of Finance, Department of Financial Services, PFRDA hereby notifies the expansion of the existing Investment Choice Options under the NPS and UPS for Central Government (CG) employees. Two additional Auto Investment Choice options have been introduced, thereby increasing the total number of available choices to six.

2. The following investment choices are currently available to CG subscribers:  .....