NPS (National Penstion System)

Investment and Savings, NPS

NPS is a pension scheme introduced by Govt. of India on 1st Jan-2004. This pension scheme is regulated by PFRDA (Pension Fund Regulatory and Development Authority). Initially, NPS was introduced for the new government recruits (except armed forces). National Pension System was extended to all citizens of India on a voluntary basis on 1st May-2009.…