Updated Jul 25, 2021 | 08:40 IST
NPS is low-cost and also provides wide investment choices over other retirement savings products like Employees Provident Fund (EPF) and Public Provident Fund (PPF). National Pension System offers multiple benefits: Here s why NPS can be your main retirement vehicle
Key Highlights
NPS is one of the most popular, tax-friendly schemes that senior citizens can opt for
While in PPF and EPF the investor does not get any option to decide about the instrument where his savings would be invested, in NPS he gets multiple options to choose from
Depending on the chosen account (Tier-1 or Tier II), the minimum deposit is only Rs 1000 per annum