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The National Pension System is a government-backed retirement savings scheme designed to provide financial stability post-retirement. It is a voluntary, long-term investment plan regulated by the Pension Fund Regulatory and Development Authority (PFRDA). Open to both salaried and self-employed individuals, NPS allows you to systematically invest in a mix of equity, corporate bonds, and government securities, ensuring stable and sustainable wealth accumulation.
NPS is structured to build a retirement corpus while ensuring regular income after retirement. By investing systematically, you benefit from market-linked returns that grow your wealth over time. Upon retirement, a portion of the accumulated corpus can be withdrawn as a lump sum, while the remaining is used to purchase an annuity, providing lifelong pension benefits. This ensures financial security and helps maintain your lifestyle without financial worries.
One of the biggest advantages of NPS is its attractive tax benefits under Section 80CCD(1), 80CCD(1B), and 80CCD(2) of the Income Tax Act.
Deduction up to ₹1.5 lakh per annum under Section 80CCD(1).
Extra deduction of ₹50,000 under Section 80CCD(1B) for voluntary contributions.
Up to 10% of salary (14% for government employees) is tax-free under Section 80CCD(2), making it a great option for corporate employees.
The National Pension System (NPS) is an efficient and flexible way to build a retirement corpus while enjoying tax benefits. It is ideal for long-term investors looking to secure financial independence post-retirement. With options to invest in equity, corporate bonds, and government securities, NPS helps you balance growth and safety based on your risk appetite. Additionally, contributions are eligible for tax deductions under Section 80C and 80CCD(1B). Focus on consistent contributions and long-term growth to make the most of this low-cost pension scheme.
NPS offers Active and Auto Choice investment strategies to cater to different risk appetites:
Start building your retirement fund with a secure, government-backed scheme that offers market-linked growth, lifetime pension, and exclusive tax benefits. Invest small now, live big later.
