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Showing posts from August, 2021

About NPS and its Benefits For Employees and Employers

Notably, NPS falls under the 'individual pension account' category, which means it is not tied with an enterprise account. If a business ceases to exist, the NPS account will continue to support a business owner’s financial goals and his/her future. Also, employers can adopt NPS as a retirement benefit scheme for their employees, boosting their employees’ loyalty and securing their financial future (read interesting stats below). Find all that’s good about NPS, NPS online registration and how this retirement savings scheme is well-positioned to provide a reliable retirement income to Indian citizens.  NPS - An overview  Simply put, NPS (short for National Pension System) is a voluntary and defined contribution retirement savings scheme in India. It allows subscribers 18-70 years of age to invest in their pension accounts at specific intervals during their working life. It creates the culture of “savings for retirement” amongst the citizens so that when they complete the worki...