💨 Abstract

The National Pension System (NPS), a retirement saving instrument introduced in 2004, offers two types of accounts: Tier 1 and Tier 2. Tier 1, a retirement savings account, offers tax benefits and disciplined savings, while Tier 2 offers flexibility and liquidity for short-term goals. Investors are encouraged to start with Tier 1, then use Tier 2 for mid-term goals or idle funds.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖