The NPS for the general public completes 15 years this week. Over the years, the NPS has undergone many changes and become more investor friendly. The Pension Fund Regulatory and Development Authority (PFRDA) has made the scheme more flexible and introduced new features. It has also made it easier to open an NPS account. Here are five reasons why you should invest in it.
Annuity should not be a sore point, because it offers a fixed and assured income for life. It is like a fixed deposit for the rest of your life. An annuity does away with the reinvestment risk and the risk of longevity. At least some part of the retirement portfolio should generate a fixed and assured income, Rahul Bhagat tells Babar Zaidi
The NPS offers a valuable opportunity for professionals to build a substantial retirement fund and ensure a steady income during retirement. It presents an efficient means to invest systematically and amass wealth over the long term.
eNPS facilitates the effortless opening of NPS accounts for the Government employees, empowering them to do so in a paperless, user-friendly manner, said Pension Fund Regulatory and Development Authority (PFRDA) in a master circular. What is eNPS, who can use it, how to use it and more.