A government program called the India New Pension Scheme (NPS) was created to assist citizens in making methodical and disciplined retirement savings plans. This strategy has grown in popularity over time because of its flexible investment possibilities and long-term rewards. No matter if you work for yourself or the government, the NPS provides a practical means of safeguarding your financial future. We shall examine the NPS system in India, its advantages, and the reasons it’s a wise choice for retirement planning in this blog. What is the India New Pension Scheme (NPS)? In January 2004, the Indian government created the India New Pension Scheme , sometimes known as NPS, for those working for the government. It was voluntarily opened to all inhabitants in 2009. It is a defined contribution-based pension plan, which implies that a set amount is routinely contributed to the plan by both the employer and the employee (in the case of salaried individuals)....
RR Finance Leading Online Mutual Fund Investment Platform Offers Facilities Like IPO, Insurance, NCDs, New fund offers, bond, fixed maturity plans, & gold.