Government Contribution of UPS subscribers under National Pension System โ ACS No. 13 to Finance Code Vol-II for Budgeting and accountal : Railway Board RBA No. 09/2025 dated 30.03.2025
เคญเคพเคฐเคค เคธเคฐเคเคพเคฐ Government of India
เคฐเฅเคฒ เคฎเคเคคเฅเคฐเคพเคฒเคฏ Ministry of Railways
เคฐเฅเคฒเคตเฅ เคฌเฅเคฐเฅเคก (Railway Board)
RBA NO. 09/2025
No. 2025/ AC-IT/21/9/-Part(1) /e-3493217
New Delhi, dated 30.03.2025
1. General Managers/FA&CAOs etc(As per standard List I )
2. All attached offices/Subordinate Offices ( As per standard List II)
Sub: Opening of anew Sub Head and Detailed Heads โ Major Head 3002 & 3003 Sub Major Head 11 Erstwhile Demand No. 13 โ Abstract โOโ for budgeting and accountal of Government Contribution of UPS subscribers under National Pension System โ ACS No. 13 to Finance Code Vol-II.
Ref:- Boardโs letter No. F(E)III/2025/UPS/1 dated 28.03.2025 (RBE No. 25/2025)
Kind attention is invited to Boardโs letter No. FโฌII/2025/UPS/1 dated 28.03.2025 enclosing circular on PFRDAโs~ Gazetted Notification No, PFRDA12/01/0001/2023-legal dated 19.03.2025 regarding Operationalization Of Unified Pension Scheme Under National Pension System. As per these instructions, the employee covered under NPS shall have option to opt for UPS under the NPS scheme. Under this scheme, if the employee opts for UPS under NPS, Government shall make a matching contribution equal to the individual contribution of 10% of the Basic Pay And Non-Practicing Allowance, if any and Dearness Allowance thereon made by the UPS subscriber. Further an additional 8.5 of the Basic Pay And Non-Practicing Allowance, if any and Dearness Allowance thereon shall be credited to the Pool Corpus.
In order to ensure Budgeting and Accountal of this expenditure, it has been decided to open new Detailed Heads under โ Major Head 3002 & 3003 Sub Major Head 11 Erstwhile Demand No. 13 โ Abstract โOโ .
Accordingly, Advanced Correction Slip No. 13 to Indian Railways Finance Code Vol-II (Second Reprint Edition 2022) containing these details is enclosed.
Contents of the correction slip may please be circulated suitably.
Kindly acknowledge receipt.
DA: As above
Signed by
Rajat Agarwal
Date: 30-03-2025 19:15:58
(Rajat Agarwal)
Jt. Director Finance (CCA)
Railway Board
Ph.No. 011-23047018
E mail ID: Rajat.agarwal91[at]gov.in
Advance correction slip No. 13
Indian Railway Finance code vol.II (Second Reprint Edition 2022)
(Classification of Revenue Expenditure (Appendix-I)
Please introduce the following Sub head and Detailed Head under Major Head 3002 & 3003 Sub Major Head 11 Erstwhile Demand No. 13 โ Abstract โOโ
| Minor Head | Sub Head | Detailed Head |
| 100 Government Contribution for Defined Contribution Pension Scheme.(existing- no change) | 110 Govt. Contribution for Defined Contribution Pension Scheme and Interest (existing โno change) |
111 Government Contribution for Defined Contribution Pension Scheme. (Existing-No change) 112 Interest on delayed/non- deposit of NPS contribution (Existing-No change) 113-Government Contribution for defined contribution scheme (UPS) for individual Corpus-(10% element) (New) 114- Government Contribution for defined contribution scheme (UPS) for Pool Corpus- (8.5% element) (New) |
Also the
| CLASSIFICATION OF REVENUE EXPENDITURE, APPENDIX,I |
| EXPLANATORY Notes Abstract โOโ |
| This head will record booking of Government Contribution for Defined Contribution Pension Scheme (New Pension System) |
May be modified as:
| CLASSIFICATION OF REVENUE EXPENDITURE, APPENDIX,I |
| EXPLANATORY Notes Abstract โOโ |
| This head will record booking of Government Contribution for Defined Contribution Pension Scheme (New Pension System) and Unified Pension Scheme under NPS |
( Authority โ Boardโs letter no. 2025/AC-II/21/9/e 3429735 DATED 30.03.2025)
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