What is NPS? The Central Government had introduced the National Pension System (NPS) with effect from January 1, 2004. NPS has been opened to all Indian citizens voluntarily by the Pension Fund Regulatory and Development Authority (PFRDA). How does NPS works? NPS investment encourages people to invest in a regular interval during the course of their employment and helps in building the retirement corpus. After retirement, we can choose to withdraw 60% of the total amount and the remaining amount 40% should be used to purchase an annuity which will be a regular income post-retirement. 2.Types of NPS Account: 2.1.1. NPS […]