NPS is a pension scheme introduced by Central Government. It is a plan to accumulate a pension corpus during work life for a secured retired life. Retirement planning ranks high amongst the various life goals.
NPS helps you to accumulate pension wealth for peaceful retirement. NPS gives you choice to invest in Equity, Corporate bonds, Government Securities etc.
NPS offers additional deduction of Rs.50,000/- u/s 80CCD [1B] of the Income Tax Act.