The National Pension System (NPS) stands as a cornerstone for a stable retirement, offering a structured approach to safeguard your financial future.
Types of NPS:
- Tier-I Account: Compulsory for investment, restricts withdrawals until retirement.
- Tier-II Account: Optional and flexible, permitting withdrawals as needed.
Features of NPS:
- Tax Benefits: Eligible for tax deductions under specific sections.
- Diverse Investment Options: Various choices based on risk preferences.
- Flexibility: Ability to switch fund managers or investment preferences.
NPS provides tax advantages, investment diversity, and adaptability, ensuring a robust foundation for your retirement goals.