A beautiful house, a world tour, or a relaxed life – retirement can be about all this and much more. Ensuring the lifestyle you deserve in your golden years is all about choosing the right retirement plan which gives you growth, flexibility, and security for your hard-earned money.

Here is a solution that gives you all you have always wanted and much more – NPS. NPS is a government-backed pension fund that gives you regular income post-retirement with a whole lot of other benefits.

NPS is a tax-saving investment and retirement scheme launched by the Government of India to provide old age security to citizens of India. NPS is an attractive long-term saving avenue to effectively plan your retirement through safe and regulated market-based returns at a minimal cost while saving income tax through additional tax benefits over and above the 80C limit of Rs. 1.5 lakh. 

Tier 1 accounts give tax benefits u/s. 80C and 80CCD.

Tier 2 account makes NPS as one of the most economical investment products available with no restrictions on investment and withdrawal.

Benefits of Enrolling in the scheme:

Retirement Savings: A low-cost investment scheme with very low fund management charges.

Tax Benefit: Allows additional tax benefit for up to Rs. 50,000 u/s 80CCD(1B) over and above the 80C limit of Rs. 1.5 lakhs.

Flexibility for Market-based returns: NPS being a market-linked retirement product, allows you to choose your investment allocation in Equity & Debt based on your risk appetite.

Easy access to NPS statements for checking fund and contribution status through Kfintech Central Record keeping Agency website or Kfintech NPS mobile app.

Option of up to 60% lump-sum tax-free withdrawal from the accumulated corpus at the time of retirement and the balance 40% in the form of a fixed income/pension for a lifetime. 

NPS works in an ecosystem created by the Government regulated body – PFRDA- to ensure the complete safety of your hard-earned money.