Facing NPS remittance delays? Finance Ministry steps in with stern warning, errant officials risk penalties
New Delhi, July 17 -- The Department of Expenditure (DoE), under the Ministry of Finance, has issued a stern reminder to all government departments regarding delays in transferring employees' National Pension System (NPS) contributions to the Pension Fund Regulatory and Development Authority (PFRDA). The ministry emphasised that these processing delays are directly harming the growth of employees' retirement corpus.
In a newly issued office memorandum dated 13 July 2026, the DoE laid down strict regulatory guidelines for handling NPS remittances. The directive mandates that departments must compensate affected employees with interest for any delays, while simultaneously enforcing strict accountability for the personnel responsible for th...
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