The National Pension System (NPS) is an optional retirement savings plan with a specified contribution. Its purpose is to give subscribers the ability to make the most informed choices possible regarding their future by encouraging them to save regularly throughout their working lives. The National Pension System (NPS) is an initiative that aims to instil in residents the practice of setting money aside for retirement. It is an effort toward finding a long-term answer to the challenge of ensuring that every Indian citizen receives an appropriate income during their retirement years. NPS came into existence on 10th October 2003, and its primary purpose is to provide an income stream for the retirement savings of all the Indian citizens. There was originally a time when it was only available for government employees, but now it is open to everyone in the country. There are several benefits of NPS, and it aims to develop the habit of saving for retirement when it comes around.
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About Author:Aman is working in the domain of Investment management in one of the top universities. He has published research papers and case studies in Investment and Fixed Deposit marketplace. He is an avid blogger in the domain of Investment management. you can also find him on social networking platforms. Archives
August 2022
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