Feature and Benefits of NPS

Feature of NPS

NPS is a retirement savings scheme
It is a voluntary
NPS is a market-linked annuity product wherein an annuity is a financial product that offers you periodic income or pension
NPS Scheme is regulated by Pension Fund Regulatory and Development Authority (PFRDA).
Subscribers make defined contributions under NPS
Helps inculcating the saving habit for retirement
It is a long-term investment scheme
It is offered by the government of India
Unlike other government schemes, the returns are not guaranteed under NPS

Low cost product
Regular monthly income after retirement
Offers attractive market linked returns
Easily portable
Professionally managed by experienced Pension Funds
Regulated by PFRDA, a regulator set up through an act of Parliament
Tax breaks for Individuals, Employees and Employers
NPS account number (PRAN) remains the same, irrespective of change of employment or location
Twofold Benefit of stability of retirement income and saving on tax makes it an attractive investment opportunity