The Pension Fund Regulatory and Development Authority regulate and administer this NPS scheme. The Government of India has specifically launched the NPS scheme for senior citizens to provide them with financial security. Investing in this safe market-based scheme makes it possible for individuals to plan their retirement time efficiently by investing in the NPS scheme, which provides impressive long-term savings options.
How does NPS work? Besides the provision for the National Pension Scheme, also known as the National Pension System, the National Pension Scheme is open to all the employees in the public sector, the private sector, and even the unorganized sector, except for those who are in military or armed forces. NPS Subscribers can contribute to a fund that invests in market-linked instruments, such as debt and equity, and the performance of those assets determines returns. NPS Eligibility Criteria
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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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