The NPS is a good scheme for anyone who wants to plan for their retirement early on and has a low-risk appetite. The scheme is portable across jobs and locations, with tax benefits under Section 80C and Section 80CCD. NPS scheme holds immense value for anyone who works in the private sector and requires a regular pension after retirement.

Now, however, the PFRDA has made it open to all Indian citizens on a voluntary basis. As an NPS account holder, you will receive the remaining amount as a monthly pension post your retirement.Įarlier, the NPS scheme covered only the Central Government employees. After retirement, the subscribers can take out a certain percentage of the corpus. The scheme encourages people to invest in a pension account at regular intervals during the course of their employment. This pension programme is open to employees from the public, private and even the unorganised sectors except those from the armed forces. The National Pension Scheme is a social security initiative by the Central Government.

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