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National Pension System offers multiple benefits: Here's why NPS can be your main retirement vehicle


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 ....

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Emergence of a modern financial system: A report card


At the heart of the complex web of bits and bytes that is the modern financial system is the ability to exchange and transfer capital (money) between various participants in an economy. Borrowers, lenders, investors and entrepreneurs form the four corners of this very busy square. Traffic flow and participants can either be controlled and owned by the government as it was in India till 1991, or it can be regulated by a set of independent regulators appointed by the government, as it is today in 2021.
When we see the hectic activity in the Indian financial system today, we tend to forget what it was like just 30 years ago in terms of scale, products, efficiency, cost and service. The sole job of a financial system is to trundle money around to find its optimal use in terms of returns at a low-cost and safety of transactions. But the centrally planned Indian economy used the state-owned financial institutions such as banks and insurance companies to gather household savings fo ....

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