The National Pension Scheme or NPS is open to all employees regardless of the sector they are working in. Besides, allowing one to save a retirement corpus, the NPS helps save 10% of the basic salary from tax deductions. Standing today, it is a voluntary scheme where you can select the pension fund managers of your choice. You can start with a minimum monthly contribution of only Rs. 500. Read on to learn in detail about NPS for experienced professionals. 

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Exiting from the National Pension System (NPS) can now be done effortlessly through the eNPS portal, eliminating the need for physical visits. By visiting the CRA portal and initiating an Exit Request, subscribers can upload their KYC documents and complete the process with an OTP and eSign. The process is straightforward and ensures a smooth transition out of the NPS, with detailed guidance available through the "NPS Ki Pathshala" podcast on Soundcloud.

Online shopping has become immensely popular in India due to its simple access and plethora of options. The Open Network for Digital Commerce (ONDC), which is backed by the government, has facilitated more than 49.79 million transactions since it officially began in January of last year.

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Navigating the intricacies of the National Pension Scheme (NPS) can be a daunting task for both employers and employees alike. From understanding the employer's contribution limits to grasping the additional tax benefits, there's a myriad of factors to consider when delving into the world of NPS.

The full form of ONDC is Open Network for Digital Commerce. This initiative was launched by the Government of India in April 2022, to promote local business sectors. The ONDC platform acts as an intermediary between consumers and sellers, where both of them can communicate for better experiences.

After the COVID-19 pandemic, many people realised the importance of saving money while they were still in their peak productivity years. As a result, statistics showed an abrupt rise in participants in programs like the National Pension Scheme (NPS), Public Provident Fund (PPF), Equity Linked Saving Scheme (ELSS), and so on. 

In this blog, you will learn mainly about the National Pension Scheme as we will discuss how NPS works. Also, by the end of this guide, you will get a hang of how you can utilise this tool for long-term wealth creation in addition to saving tax.