Guide to the National Pension Scheme (NPS): Plans, Benefits, and Contributions

Description

NPS is an Indian government-launched pension and investment scheme offering old age security through market-based returns for a secure retirement, with a lump sum and regular income at maturity. NPS works in a well-defined ecosystem which ensures complete safety of your invested funds. National Pension Scheme gives you the freedom to invest your money as per your choice. Upon retirement, a minimum of 40% of the total pension corpus must be utilized to purchase an annuity plan.