NATIONAL PENSION SCHEME

NATIONAL PENSION SYSTEM (NPS) A COST-EFFECTIVE WAY FOR A SECURE RETIRED LIFE

If you are looking for easy access, flexible and portable retirement savings account, National Pension System, also known as National Pension Scheme or NPS, is the best option for you. NPS investment is a low-cost tax efficient (u/s 80C & 80CCD) savings instrument launched by the Central Government of India. NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). National Pension Scheme offers a robust and transparent platform to achieve your retirement goals cost-effectively. Invest for national pension scheme online from an early age so that you can save enough to fulfill all your retirement wishes.

National Pension System, also known as National Pension Scheme or NPS, is the best option for you. NPS investment is a low-cost tax efficient (u/s 80C & 80CCD) savings instrument launched by the Central Government of India. NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). National Pension Scheme offers a robust and transparent platform to achieve your retirement goals cost-effectively.

Tax saving investment options

Tax Benefit up to Rs. 2,00,000 available per financial year.

Contributions up to Rs. 1,50,000 are exempted u/s 80CCD(1).

Additionally, contributions up to Rs.50,000 are exempted u/s 80CCD(1B).

Safety

Investments in NPS are subject to price risk in the stock markets. Performance of Top performing Pension Funds are given here

Liquidity

Before Age 60: Up to 20% of Corpus can be withdrawn in lump sum Balance amount needs to be invested in Annuity

After Age 60: Up to 60% of Corpus can be withdrawn in lump sum Balance amount needs to be invested in Annuity

Returns

Instant tax rebate of 30% is the biggest return.

Investment Options

Securities and Exchange Board of India (SEBI) is the authority that regulates the framework of Mutual Fund functioning. There is no guarantee on returns but SEBI ensures that the investments are made as per rules.

Regulatory Oversight

Pension Fund Regulatory and Development Authority (PFRDA)) is the authority that regulates the framework of NPS functioning. There is no guarantee on returns but PFRDA ensures that the investments are made as per rules.

Just for information

It is advisable to do SIP in this instrument, this will help regular investment in equities and give you advantages of compounding as well as averaging the investment value. Eligible age for NPS is 18-65 years. Minimum investment Rs. 1000