National Pension System (NPS): Who Qualifies and What You Get
Learn how the National Pension System helps you build a retirement fund with tax benefits and market-linked returns.
The National Pension System is a long-term investment scheme designed to help you build a fund for your retirement through market-linked returns.
Who it's for
This scheme is available to citizens aged between 18 and 70 years.
What you get
By participating, you build a pension corpus that grows based on market performance. This scheme also offers various tax benefits to help you save on your taxable income.
What it costs you
There is no flat fee to join, but you must make a minimum contribution. The exact minimum amount required depends on the specific type of account you choose to open.
The catch to know
This is a long-term commitment. Because it is designed for retirement, it has very low liquidity, meaning it can be difficult to access your money before you reach retirement age.
How to apply
- Visit the official portal to begin your registration.
- Choose the appropriate account type for your needs.
- Complete the required documentation and identity verification.
- Set up your periodic contributions to start building your fund.