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NPS - National Pension System
National Pension Scheme or National Pension System is a Government of India initiative regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It is aimed to offer retirement benefits to its subscribers through a transparent platform in a cost effective way.
- Instant Access – Opening and accessing NPS account online is a hassle-free process – can transact through web or mobile-based app.
- Flexible & Transparent – The subscriber has the flexibility to choose an investment option, fund manager, annuity service provider and annuity option of choice.
- The returns are transparent in nature
If you are an existing investor in NPS and have a PRAN, Click here to find your PRAN
Benefits
- Market Based Returns: NPS returns are dependent on the asset allocation amongst Equity (E), Corporate Bonds (C), Government Securities (G) and Alternate Investment Funds (A) and are directly linked to the market as per the market returns
- Save Additional Tax: Contributions made are eligible for additional tax deduction benefit on voluntary contribution of up to Rs. 50,000/-under section 80CCD (1B), over and above Rs.1,50,000/-u/s 80C.
- Can start Investing with as small as Rs 500/-
- Investment option that might be suitable for your retirement planning