Pension India: NPS, EPS, OPS & Senior Citizen Pension Schemes 2026
India’s pension landscape covers multiple schemes — from market-linked NPS for salaried and self-employed individuals, to EPS for organised sector workers, to government social security pensions for senior citizens. This hub explains every scheme, eligibility, contribution rules, and how to apply.
Choose Your Pension Scheme
Market-linked pension for all Indian citizens aged 18–70. Tier 1 (pension account) and Tier 2 (savings account). Tax benefits under 80C and additional ₹50,000 under 80CCD(1B).
Pension for organised sector employees. 8.33% of employer's EPFO contribution goes to EPS. Minimum 10 years of service required to get monthly pension after age 58.
IGNOAPS (₹200–500/month), PM Vaya Vandana Yojana (LIC), and state old age pension schemes for citizens aged 60+. Targeted at BPL and low-income families.
Quick Comparison: NPS vs EPS vs IGNOAPS
| Feature | NPS | EPS | IGNOAPS |
|---|---|---|---|
| Eligible For | All citizens 18–70 | Organised sector employees | BPL / low income 60+ |
| Contribution | Employee + optional employer | Employer 8.33% of wage | None (govt funded) |
| Monthly Pension | Market-linked annuity | Based on formula | ₹200–500 |
| Tax Benefit | 80C + 80CCD(1B) | No direct benefit | Not applicable |
| Administered By | PFRDA | EPFO | Ministry of Rural Dev. |
| Pension Age | 60 years | 58 years | 60 years |
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