What is NPS?
The National Pension System (NPS) is a retirement savings
scheme designed to provide a regular income to individuals upon retirement.
The primary goal of NPS is to provide a structured and
disciplined savings plan that ensures individuals accumulate a retirement corpus to secure their
post-retirement financial needs.
NPS is a defined contribution scheme, which means the
amount of pension you receive depends on the contributions made and the returns generated from those
contributions.