The National Pension System (NPS) is a government-backed pension scheme that enables individuals to build a retirement corpus in a tax-efficient manner. It provides market-linked returns and lifetime income.
It's a low-cost option that helps secure your post-retirement years.
Types of NPS Accounts
- Tier I: Mandatory retirement account with tax benefits and withdrawal restrictions.
- Tier II: Voluntary savings account with flexible withdrawals.
Key Features:
- Tax Benefits: Deductions under Sections 80CCD(1), 80CCD(2).
- Long-term Savings: Designed for retirement planning.
- Low Charges: Cost-effective investment option.
- Wide Choice: Multiple fund managers and asset classes.
Start your retirement journey with NPS and enjoy financial independence.