News From Press NPS: Frequently asked questions

NPS: Frequently asked questions

If you are looking for a government-sponsored pension plan to fund your retirement, you should check out National Pension Scheme (NPS). This government-sponsored pension scheme was launched in January 2004 for government employees.

The Economic Times Jun 9, 2020

What is National Pension System (NPS)?
National Pension System (NPS) is a government-sponsored pension scheme. It was launched in January 2004 for government employees. However, in 2009, it was opened to all sections. The scheme allows subscribers to contribute regularly in a pension account during their working life. On retirement, subscribers can withdraw a part of the corpus in a lumpsum and use the remaining corpus to buy an annuity to secure a regular income after retirement.

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