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The national pension system was introduced by govt of India on 1 JAN 2004, Regulated by Pension Fund Regulatory and Development Authority. The main purpose of NPS is to provide a defined-contribution-based pension system for retirees and extend old age security coverage to all citizens of India at the time of retirement/premature exit/death by way of annuity and lump-sum withdrawal as per norms.
Advantages of NPS investments for post-retirement life security. Available tax benefit under Tier I Account: Employee Contribution: Special provision for tax savings: Tax deduction under Section 80CCD (1B) for a Rs. 50,000 contribution.
New customer Onboarding link for NPS (for existing customers)
For subsequent contribution in NPS Customer (for new customers)
By using Rupee Cost Averaging, an investor can reduce market volatility and outperform the market. SIP averages an investor’s savings by allocating more units during a period of extreme stock price decline and fewer units during periods of significant stock price growth.
Long-term profits from SIP returns are often higher than those from NPS returns. Due to the strength of compounding that SIP utilizes, if you start investing early in a diverse equities portfolio using the SIP route, you would be able to accumulate a comfortable corpus.
Investcorpus can help you to do SIP In NPS in one click below
HDFC PENTION : Updated NPS Details Below
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