The National Pension Scheme (NPS) was introduced by the Central Government, and simultaneously, came into effect from January 1, 2004. The Pension Fund Regulatory and Development Authority (PFRDA) was chosen as the regulatory body after which multiple state governments started to implement the same in their regions, however with different effective dates.

An autonomous body is a government organisation that serves the public and, at the same time, is bound by the authority that has established the institution. In the case of the SAB NPS or the State Autonomous Body NPS, as the name suggests, it is an organisation that can join under the National Pension Scheme and become a part of the Central Government’s National Pension Scheme.

In the NPS registration, a government employee starts contributing towards his/her pension from the monthly salary and an equivalent amount is also contributed by his/her employer.

There are specific eligibility and registration criteria under the State Autonomous Body NPS for any organization that wants to join the Central Government’s National Pension System. The organization can follow the steps mentioned below in order to check the eligibility and register for the NPS registration SAB:

Except for the armed forces, all the Central Government employees, including the people who are working under autonomous bodies that come under the Central Government, have been included in this scheme from 1st January 2004.

The NPS infrastructure has also been adopted and implemented by multiple state governments. The employees of the corporations, State PSUs and workers of the autonomous bodies have been included in this new pension scheme.

When an individual employee closes his or her pension account under the National Pension Scheme, it is termed as an exit for the subscriber contribution file or the NPS account holder.

As per the rules of the Central Government, the linking of both Aadhaar and PAN cards has become mandatory, not only for NPS account but in general as well.