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National Pension System (NPS)

Government-backed pension scheme for retirement planning.

Overview

The National Pension System (NPS) is a voluntary, long-term retirement savings initiative designed to enable systematic savings. It attempts to provide adequate retirement income to every citizen of India.

Key Features

Tier I and Tier II Accounts
Choice of Fund Managers
Equity & Debt Mix
Online Access

Benefits

Tax Saving

Exclusive deduction up to ₹50,000 u/s 80CCD(1B).

Low Cost

One of the lowest cost pension schemes in the world.

Market Linked

Potential for inflation-beating returns over the long term.

Flexibility

Option to change asset allocation and fund managers.