The National Pension System (NPS) was established in 2004 by the Pension Fund Regulatory and Development Authority of India (PFRDA) and the Government of India. It is a retirement cum pension scheme that additionally allows tax savings up to Rs 1,50,000 a year. It is very inclusive because both government and private sector employees can invest in it. It is one of the oldest and successful social security initiatives by the State in India. It allows people even from the unorganised sectors, only excluding members of the armed forces. The scheme started with the purpose of encouraging the normal ...Read more
