There is good news for people working on platforms like Zomato, Swiggy, Ola, Uber, Blinkit, and Urban Company. The Pension Fund Regulatory
and Development Authority (PFRDA) has launched the NPS e-shramik Model to help gig and platform workers build financial security for retirement.
The biggest benefit of this scheme is that workers can start saving for their future with just ₹99. It is designed to make retirement planning simple and affordable for delivery partners, drivers, and service professionals.
Save According to Your Income
The scheme is highly flexible and is specially designed for workers with irregular earnings. There is no fixed contribution amount, so you can save as much or as little as you want, whenever you want.
For example, you can contribute ₹99 a day, once a week, or whenever you have extra income.
The contribution can be made by the worker, the platform company, or both. The model is based on the NPS Corporate Model, giving workers more flexibility.
Who Can Join This Scheme?
The NPS e-shramik Model is open to people working on digital platforms, including:
Food delivery partners such as Zomato and Swiggy
Grocery and quick-commerce delivery workers from Blinkit, Zepto, and Instamart
Ride-hailing drivers working with Ola, Uber, and Rapido
Service professionals associated with Urban Company and similar platforms
Opening an NPS Account Is Simple
Joining the scheme is completely digital and takes only a few steps.
Workers need basic details like their name, address, PAN, mobile number, and bank account. Aadhaar-based e-KYC or other approved methods can complete the verification within minutes.
Once the process is complete, a Permanent Retirement Account Number (PRAN) is generated instantly. Workers can also add nominee details within 60 days of opening the account.
Your Account Stays Active Even If You Change Companies
If you switch from one platform to another, such as from Zomato to Swiggy or Uber, your NPS account will remain active.
You only need to link the same account with your new platform. There is also no account opening fee during onboarding under the PFRDA framework.
Get a Monthly Pension and a Lump Sum After Retirement
The scheme follows the same rules as the NPS All Citizen Model. Your contributions are invested in a mix of government securities and market-linked investments to help your retirement savings grow over time.
When you turn 60, you can withdraw a large part of the accumulated amount as a lump sum.
The remaining balance is used to provide a regular monthly pension for life, helping gig workers enjoy greater financial security after retirement.
