National Pension Scheme
Why Invest in National Pension System (NPS)?
National Pension Scheme (NPS) India is a voluntary and long-term investment plan for retirement under the purview of the Pension Fund Regulatory and Development Authority (PFRDA) and the Central Government.
Tax Benefits
Tax benefits are available to subscribers under the Income Tax Act 1961.A tax exemption of Rs.1.5 lakh can be claimed on the employee's and employer's contribution towards the National Pension System (NPS). Tax benefits can be claimed under Section 80CCD(1), 80CCD(2), and 80CCD(1B) of the Income Tax Act.
Regulated
NPS is regulated by PFRDA with transparent investment norms, regular monitoring and performance review of pension fund managers by NPS Trust.It ensures that pension fund companies comply with the guidelines to safeguard the investors against any risks.
Flexible
NPS gives you flexibility in choosing your pension fund manager, contribution amount, frequency of investment, etc. There are no strict criteria for investing in NPS, as you can start with Rs 500, and to keep your account active, you must deposit only Rs 1,000 per year.
Unlock Your Potential: Embrace the Power of NPS!
Economical
NPS is one of the lowest cost investment products available.Since the minimum contribution required to invest in an NPS account is Rs 500, it becomes a low-cost investment scheme.
Portable
NPS account or PRAN will remain same irrespective of change in employment, city or state.You get seamless portability across jobs, sectors and locations with NPS. It is a hassle-free process while shifting to the new job/location, without leaving behind the built corpus. After exercising the portability option, you can continue with the same scheme and fund manager or can also change as per your choice.
Triple E Income Benefits
Since NPS tax exemptions now extend to the investment amount, growth of corpus as well as maturity amount (to an extent), it enjoys the EEE (exempt-exempt-exempt) status in India.
SEBI Registered MF Advisor (ARN-180148) , Govt Certified Income Tax Practioner , NISM Certified Financial Goal Planner
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