National Pension Scheme (NPS)

Secure income for your old age with this investment tool that offers market-based returns

National Pension Scheme

National Pension System (NPS), previously known as the National Pension Scheme, is a combined investment and pension programme launched by the Indian Government. It aims to provide financial security and pensions to all Indian citizens in their old age. As an investment vehicle, it yields market-based returns by offering investment opportunities in debt and equity instruments, making it an attractive option for long-term gains. The NPS also provides additional tax advantages and the convenience of managing investments, viewing scheme details, and transferring funds online. The PFRDA has designated Axis Bank as one of the Points of Presence (POP) for facilitating NPS.

There are two models available under NPS :

  • All Citizen Model- Available to all citizens of India
  • Corporate Sector Model- Provide NPS benefits to the employee of corporate entities