💨 Abstract

The National Pension Scheme (NPS) is a government-sponsored initiative for retirement security. Regulated by PFRDA, it offers Tier-1 and Tier-2 accounts, available to Indian citizens between 18-70 years, including NRIs. Contributions to Tier-1 are tax-deductible up to Rs.1.5 lakhs under Section 80C and an additional Rs.50,000

Courtesy: theprint.in

Summarized by Einstein Beta 🤖