In this episode of Business Buzz with Amit Rathi and our Host RJ Rakesh, we discussed the National Pension System (NPS). Just have to pay 600 Rupees every year to avail this benefits, you can also make changes to your ongoing NPS too.
Most of us are not aware that it’s a new pension scheme, it is regulated by the Pension Fund Regulatory and Development Authority (PFRDA) and it is launched by the Government of India. Under this scheme, people can regularly contribute a certain amount of money and get a certain amount at retirement and a fixed monthly income for the rest of their life. Any employee can invest for retirement into this non-withdrawal account and avail tax benefits for a lifetime too.