National Pension System
The National Pension System (NPS) is a defined contribution retirement savings scheme in India. It is open to all Indian citizens, both resident and non-resident, between the ages of 18 and 60. The NPS offers a range of investment options, allowing subscribers to choose the asset allocation that best suits their risk profile and retirement goals. These options include government securities, corporate bonds, equities, and alternative investment funds. The scheme is managed by the Pension Fund Regulatory and Development Authority (PFRDA), which oversees the overall framework, regulations, and oversight of the NPS. Contributions are made regularly by the subscriber and, optionally, their employer. Upon retirement, subscribers can choose to receive a lump-sum payment or a regular pension. The scheme aims to provide a supplementary retirement income to citizens, supplementing other sources like Employees' Provident Fund (EPF) or other government schemes.
About Us
- The National Pension System (NPS), introduced in 2004, provides long-term retirement savings for all Indian citizens, initially starting with government employees. - It's designed to be simple, transparent, and portable, allowing for savings transfers across jobs and locations. - NPS encourages long-term savings through regular contributions and the benefits of compounding. - The Pension Fund Regulatory and Development Authority (PFRDA) ensures system integrity and efficiency. - The NPS has been consistently improved based on market changes and subscriber feedback to enhance retirement planning accessibility and efficiency for Indian citizens.
Vision
To be the premier retirement savings scheme in India, providing secure and reliable retirement income for all citizens.
Mission
To provide a sustainable and accessible retirement savings solution that ensures adequate retirement income for all Indian citizens.
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