How To Open An NPS Account?
The National Pension System (NPS) is a social security scheme for people aged 18-70

The National Pension System (NPS) is a social security scheme for people aged 18-70
The National Pension System (NPS) is a retirement savings tool with tax benefits and various investment options; which one should you choose?
Government employees enjoy retirement benefits that include pension, leave encashment, and access to schemes like CGEGIS and CGHS, thus ensuring financial security and healthcare support in their post-retirement life
Sixty-seven per cent of respondents in a survey said they have a retirement plan in place, and 63 per cent said they have a comprehensive plan.
A good NPS fund manager will ensure a large retirement corpus. That’s why it’s important to choose the right fund manager when investing in the National Pension System. Here’s how to go about it
Your provident fund contribution won’t be liable to income tax if you have contributed for more than five years. You can claim tax benefit on personal loan taken for home purchase. Putting money in a linked account for home loan repayment is equivalent to prepayment
Should an NPS subscriber die prematurely or interstate, here’s a step-by-step process by which his/her legal heirs or nominees can claim the accumulated sum hassle-free.
Here’s how to set up a systematic investment plan (SIP) for an NPS account (Tier I and Tier II) online (D-Remit) or offline (NPS POP) and the cost applicable for both the process.
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While choosing these instruments, seniors should match their lock-in needs, liquidity, return expectation and risk appetite in sync with their financial goals.
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SLW is a good choice for retirees who want a steady income after retirement