While retirement planning may not seem important while you are young, it’s an essential step towards financial freedom. The National Pension System (NPS) provides an easy way to grow your wealth for retirement while enjoying various tax benefits.

NPS was introduced in 2004 by the Pension Fund Regulatory and Development Authority (PFRDA) under the Government of India. It is a market-linked and voluntary contribution scheme providing retirement benefits to any Indian citizen. All assets under the scheme are held by the NPS Trust.

When it comes to retirement planning, individuals generally choose options which can provide them with stable long-term returns. However, popular schemes in the market like, mutual funds, equity, bonds, etc., are prone to fluctuations. This can be extremely risky for a person who is risk-averse and desires to redeem his/her investment in order to cater to post-retirement expenses. 

The National Pension Scheme (NPS) was introduced by the Government of India in the financial interest of senior citizens in the country. The primary objective behind its introduction is to help people build a retirement corpus for their old age and maintain their financial independence.  

This pension scheme will help you maintain your lifestyle and meet financial goals even when you don’t have an active source of income.

Want to know how to start investing? This article provides detailed instructions on the NPS login and NPS account opening process. Read along.

When you hear the word ‘retirement’, several images may pop up in your mind: lazy days, beach resorts, a long drive and family gatherings. There is a famous saying that goes, "Retirement isn’t the end of the road, but just a turn in the road." Yet, how many among us are truly ready for this transition?

Retirement has the potential to bring novel joys and unexplored horizons, but all it needs is a little planning. During this stage of life, a huge amount of passive income is required to lead a desirable retirement life.