A pension scheme for the low income group, NPS Lite was set up by the Government of India to promote the welfare of the economically weaker section. This scheme offers retirement benefits to millions of individuals who are not covered by traditional schemes and plans. High returns and low investment options make it ideal for the hard working individual from the unorganised sector. Subscription to this scheme can be done through a list of aggregators who cater to the exclusive needs of the low income group.

Function of Aggregators

An aggregator is the link between a subscriber and the NPS Lite structure, functioning as the point of contact/interface between these two entities. The primary function of an aggregator is to form the bridge between a subscriber and the scheme, ensuring that all communication is processed and passed on to the relevant authorities.

List of NPS Aggregators

A total of 76 entities* have been authorised to function as aggregators, with the entire list mentioned below.

1. A.P Building and other Construction Workers Welfare Board
2. Abhipra Capital Ltd
3. Adhikar Microfinance Private Limited
4. Alankit Assignments Ltd
5. Allahabad Bank
6. Allahabad U.P Gramin Bank
7. Assam Gramin Vikash Bank
8. Andhra Bank
9. Axis Bank Ltd
10. Banaskantha Dist. Co-op Milk Producers Union Limited
11. Bandhan Financial Services Pvt Ltd
12. Bank of Baroda
13. Bank of India
14. Bank of Maharashtra
15. Baroda Gujarat Gramin Bank
16. Baroda Rajasthan Kshetriya Gramin Bank
17. Building and other Construction Workers Welfare Board, Rajasthan
18. BWDA Finance Ltd
19. Canara Bank
20. Cashpor Micro Credit
21. Central Bank of India
22. Centre for Development Orientation and Training (CDOT)
23. Corporation Bank
24. CSC E-governance Services India Ltd
25. Dena Bank
26. Department of Women and Child Development, Government of Karnataka
27. ESAF Microfinance and Investments Pvt Ltd
28. Grameen Financial Services Pvt Ltd
29. Gujarat Infotech Ltd
30. IFMR Holdings Pvt Ltd
31. IL&FS Securities Services Ltd
32. India Infoline Finance Ltd
33. Indian Bank
34. Indian Overseas Bank
35. IDBI Bank Limited
36. Indur Intideepam MACS Federation Limited
37. Jagaran Microfin Pvt Ltd
38. Janlakshmi Financial Services Pvt Ltd
39. Jhabua Dhar Kshetriya Gramin Bank
40. Jharkhand Building and other Construction workers Welfare Board, Ranchi
41. Karnataka State Unorganised Workers Social Security Board, Bangalore
42. Karnataka Vikas Gramin Bank
43. Krishna Grameen Bank
44. LIC Housing Finance Ltd
45. LIC of India
46. Madhya Bihar Gramin Bank
47. Margdarshak Financial Services Ltd
48. Nainital-Almora Kshetriya Gramin Bank
49. North Malabar Gramin Bank
50. Oriental Bank of Commerce
51. Pallavan Gramin Bank
52. Parvatiya Gramin Bank
53. Puduvai Bharathiar Grama Bank
54. Punjab and Sind Bank
55. Punjab National Bank
56. Samhita Community Development Services
57. Saptagiri Grameena Bank
58. Saptrishi Consultancy Services Ltd
59. Sarva Haryana Gramin Bank
60. Shree Kshetra Dharmasthala Rural Development Project
61. Shri Mahila Sewa Sahakari Bank Ltd
62. Society for Elimination of Rural Poverty
63. State Bank of Bikaner and Jaipur
64. State Bank of Hyderabad
65. State Bank of India
66. State Bank of Mysore
67. State Bank of Patiala
68. State Bank of Travancore
69. Swayamshree Micro Credit Services
70. Syndicate Bank
71. The South Indian Bank Ltd
72. UCO Bank
73. Union Bank of India
74. United Bank of India
75. UTI Infrastructure Technology and Services Ltd
76. Vijaya Bank

*Note – This list is of October 2014 and is subject to change at the discretion of the government.

NPS Contact Number

Individuals who wish to clarify doubts or gain information about the scheme can contact officials on their toll free number, 1800 110 708. They can also contact the CRA call centre on 1800 222 080.