Nobody wants NPS? India’s 'cheapest' retirement plan is failing, advisor explains why
Last Update Date: 06-10-2026
Published by Business Today
Abhishek Kumar's role: Quoted
Abhishek Kumar, in a LinkedIn post cited by the outlet, said falling sign-ups reflect lost tax benefits and minimal distributor commissions, and cautioned that NPS will stay neglected unless PFRDA fixes incentives.
More of Abhishek's views on retirement
The article examines why NPS is attracting few new subscribers despite its low cost. It points to the shift to the new tax regime, which removed related deductions, thin pay for distributors, few retirement advisers and long lock-ins, and notes PFRDA's new pension agent model.
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Nobody wants NPS? India’s 'cheapest' retirement plan is failing, advisor explains why