National Pension System (NPS)

The National Pension System (NPS) is a voluntary savings scheme launched by the Indian government to help individuals accumulate funds for retirement. Participants contribute regularly during their working years, and these contributions are invested across various financial assets to generate growth. Upon reaching retirement age, subscribers can withdraw a portion as a lump sum and receive a pension for life, ensuring financial stability in old age. NPS offers flexibility in investment choices, tax benefits, and is designed to encourage disciplined savings for long-term financial security.