What are National Pension System?

The National Pension System, commonly known as NPS scheme, is a voluntary, long-term retirement savings scheme designed to enable systematic savings. It not only offers financial security during old age but also provides an opportunity for systematic wealth creation. One of the standout features of the NPS scheme is its flexibility, allowing investors to choose between equity, fixed deposits, corporate bonds, liquid funds, and government funds based on their risk appetite and financial goals.