Transcription of National Pension System (NPS)
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National Pension System (NPS)
1 National Pension System (NPS)NPS, regulated by PFRDA, is an important milestone in the development of a sustainable and efficient voluntary defined contribution Pension System in India. It has the following broad objectives: To provide old age income yReasonable market based returns over the long term yExtending old age security coverage to all citizens yWelcome to the National Pension SystemNPS offers following important features to help you save for retirement:You will be allotted a unique Permanent Retirement Account Number (PRAN). This unique account number will yremain the same for the rest of your life. You will be able to use this account and this unique PRAN from any location in will provide access to two personal accounts: yTier-I Pension account: y You will contribute your savings for retirement into this non-withdrawable account.
National Pension System (NPS) NPS, regulated by PFRDA, is an important milestone in the development of a sustainable and efficient voluntary defined contribution pension system in India. It has the following broad objectives: y To provide old age income y Reasonable market based returns over the long term
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