National Pension Scheme

The National Pension Scheme (NPS) is a government-managed retirement savings program in India designed to provide financial security after retirement. Participants contribute regularly during their working years to a pension fund that is invested to generate returns. Upon retirement, individuals receive a lump sum and monthly pension, depending on their contributions and investment performance. It is a voluntary, portable scheme that encourages disciplined savings for the long-term, helping ensure a steady income in old age. The NPS also offers a degree of flexibility in investment choices and tax benefits under Indian law.