What is NPS? Understanding the National Pension Scheme in India
The National Pension Scheme (NPS) is a government-backed retirement savings scheme that is gaining popularity in India. Launched in 2004 by the Government of India, NPS aims to provide a sustainable and long-term solution to secure financial independence during retirement. This pension scheme encourages individuals to invest in a mix of assets, ensuring a diversified approach to retirement savings. If you’re looking for a low-cost, tax-efficient, and flexible investment vehicle for your retirement, the National Pension Scheme could be the right choice.