Why Securing Your Financial Future is important?
Regular income ceases when you retire. Sure, there might be some amount of pension, but will it be enough to support your lifestyle?
Here's where the strength of retirement planning shines! By putting a plan into action while you're still working, you strategically build a financial cushion that enables you to live comfortably post-retirement. You have control over your life, and that includes your retirement.
The positive steps you take today will help to shape your future.
What is National Pension System?
The scheme is regulated by the Pension Fund Regulatory and Development Authority and invests contributions in a market-linked manner to generate returns. A unique Permanent Retirement Account Number is provided to each subscriber for seamless portability across jobs and locations.
National Pension System is a voluntary, defined contribution pension system designed to expand pension coverage for Indian citizens in a flexible and affordable manner through regulated market-based returns. By providing a portable, low-cost and tax-efficient retirement savings account, the NPS aims to drive the creation of a pensioned society in India.
The scheme is regulated by the Pension Fund Regulatory and Development Authority and invests contributions in a market-linked manner to generate returns. A unique Permanent Retirement Account Number is provided to each subscriber for seamless portability across jobs and locations.
National Pension System is a voluntary, defined contribution pension system designed to expand pension coverage for Indian citizens in a flexible and affordable manner through regulated market-based returns. By providing a portable, low-cost and tax-efficient retirement savings account, the NPS aims to drive the creation of a pensioned society in India.
Retail NPS
Take charge of your future now and invest for your golden years
Corporate NPS
Make the most of the retirement benefits offered by your employer
Government NPS
Make the most of the retirement benefits offered by Govt of India
NPS for NRI & OCI
You can now plan your retirement with ease. Start your investment today and secure your future
Benefits of NPS
The National Pension System (NPS) offers several key benefits that make it an attractive retirement savings option. NPS provides generous tax deductions up to Rs. 1.5 lakhs under Section 80C and an extra deduction of Rs. 50,000 under Section 80CCD(1B), allowing investors to save on taxes. Additionally, NPS is a low-cost product due to low fund management charges. Investors also get flexibility to choose from equity, corporate bonds, government securities and alternate investments as per their risk appetite. Easy online access through the NPS portal is another advantage, allowing investors to monitor investments and returns conveniently. Other benefits include the option of partial withdrawals of up to 25% of own contributions before retirement as well as annuity options, where investors can withdraw 60% as lumpsum on maturity and use 40% to purchase annuities for regular income. Overall, the tax benefits, low costs, investment flexibility and other features make NPS an attractive pension system. Read More
Tax
benefits
Low
Cost
Flexible Investment
Options
Easy
Online Access
Partial
Withdrawals
Annuity
Options
Tax
benefits
Low
Cost
Flexible Investment
Options
Easy
Online Access
Partial
Withdrawals
Annuity
Options
NPS Vs. Other Investment Products
- Purpose
- Investment Flexibility
- Guaranteed Pension Income
- Tax Deductions
- Transparency
- Purpose
- Investment Flexibility
- Guaranteed Pension Income
- Tax Deductions
- Transparency
Mutual Fund
- Long term wealth creation
-
Up to ₹ 1.5 Lakh under ELSS schemes
NPS
- Retirement savings
-
Up to ₹ 2 Lakh
PPF
- Long term savings
-
Up to ₹ 1.5 Lakh
Frequently Asked Questions
Here are some frequently asked questions about NPS.
National Pension System (NPS) is a pension scheme introduced by the Government of India for the citizens of India to provide them with a regular source of income after their retirement.
NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). Custody of funds and securities is administered through centralized infrastructure controlled by NPS Trust.
NPS is a pension scheme that provides a regular source of income after retirement, while other investment options like mutual funds or fixed deposits are used for wealth creation. NPS also offers a tax-efficient way of saving for retirement.
NPS invests in a mix of assets such as equity, bonds, and alternative investments to ensure adequate returns. It also allows its investors to choose their investment mix based on their risk appetite and investment goals.
Yes, NPS investments can be partially withdrawn for specific purposes such as higher education, housing, and medical emergencies as per the prescribed rules and regulations.