If you work with platforms like Zomato, Swiggy, Ola, Uber, Blinkit, or Urban Company, here’s some good news. The Pension Fund Regulatory
and Development Authority (PFRDA) has launched the revamped 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 retirement with as little as ₹99.
It is designed especially for delivery partners, drivers, and service professionals who earn through digital platforms.
Save When You Want, As Much As You Want
One of the biggest advantages of this scheme is its flexibility. There is no fixed monthly contribution.
Workers can invest any amount based on their income and whenever they choose.
For example, you can contribute ₹99 or more daily, weekly, or whenever it suits your budget.
The scheme is based on the NPS Corporate Model, where the contribution can come from the worker, the platform company, or both.
Who Can Join the Scheme?
The scheme is open to people working on various digital platforms, including:
Food delivery partners such as Zomato and Swiggy
Grocery and quick-commerce delivery workers from Blinkit, Zepto, and Instamart
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 minutes.
Workers need basic details like their name, address, PAN, mobile number, and bank account. Aadhaar-based e-KYC or other approved methods can be used for quick verification.
Once the process is completed, 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 Platforms
If you stop working for one company and join another, your NPS account remains active. For example, if you move from Zomato to Swiggy or Uber, you can simply link your existing NPS account to the new platform.
Another advantage is that workers do not have to pay any account opening fee during onboarding under the PFRDA framework.
Get Both a Monthly Pension and a Lump Sum
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 grow your retirement savings over time.
After turning 60, you can withdraw a large part of your savings as a lump sum. The remaining amount is used to provide a regular monthly pension, giving gig workers a reliable source of income after retirement.
This scheme offers an easy and affordable way for platform workers to build long-term financial security without putting pressure on their daily earnings.