India’s National Pension System (NPS) is a national, contributory pension system that was launched for the general public in May 2009 and is now available to all citizens on a voluntary basis. NPS is a defined contribution (DC) plan, encouraging savings for retirement. NPS is overseen by the Pension Fund Regulatory & Development Authority (PFRDA), which was set up as the regulator for the pension sector. Our aim with this series is to provide general information about NPS and create awareness about the product.
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Part 1 of the series provides basic information about NPS |
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Part 2 delves into “NPS for Corporates” arrangement |
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Part 3 will focus on contrasting and comparing NPS returns with various other retirement funding vehicles available in the market |
Coming next |