3 weeks ago

NPS for Platform Workers: Pension Savings from ₹99

NPS for Platform Workers: Pension Savings from ₹99
Gig workers can now start NPS savings with Rs 99 · thehansindia.com

Some people work for apps like Zomato, Swiggy, Blinkit, Ola, Uber and Urban Company, delivering food or driving people around.

These workers are sometimes called platform workers or gig workers.

A group called PFRDA has made a special savings plan for them called the National Pension System.

Workers can start saving for their old age with just ₹99.

There is no minimum or maximum amount they must put in, so they can save at their own pace.

Their company can also add money to their savings, or the worker can contribute alone, or both can contribute together.

To join, a worker needs to share details like their name, PAN, mobile number and bank account.

After they agree, they get a special retirement account number called a PRAN.

If they move from one delivery app to another, they can take their savings account with them.

This way, gig workers can build a retirement nest egg even when their income changes.

Key facts

Scheme
NPS e-shramik (Platform Service Partner) Model
Regulator
Pension Fund Regulatory and Development Authority (PFRDA)
Starting contribution
₹99
Contribution limits
No regulatory minimum or maximum
Introduced
Circular dated 29 October 2025
Eligible platforms
Zomato, Swiggy, Blinkit, Ola, Uber, Urban Company
Contribution modes
Joint platform-worker, worker-only, platform-only
Onboarding
Two-stage process; PRAN generated after worker consent
Nominee details deadline
Within 60 days of onboarding

Quotes

Pension Fund Regulatory and Development Authority (PFRDA)

Regulator overseeing India’s National Pension System

“Your work may depend on your next booking, but your retirement shouldn’t. With NPS for Platform Workers, you can start with just Rs 99 and contribute at your own pace with no minimum and no maximum contribution limit.”
freepressjournal.in thehansindia.com livemint.com

Sources

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