national pension
Introduction In today's fast-paced world, planning for retirement has become an essential aspect of financial stability. As individuals work towards securing their future, various retirement plans and schemes come into play. One such important scheme is the National Pension, which aims to provide financial security to individuals during their retirement years. In this article, we will explore the concept of the National Pension, its benefits, eligibility criteria, contribution options, withdrawal options, tax implications, and more. What is a National Pension? The National Pension, also known as the National Pension Scheme (NPS), is a government-sponsored retirement savings program. It was launched with the objective of providing a sustainable income source to individuals after their retirement. The scheme operates on a defined contribution basis, where individuals can contribute regularly towards their pension fund during their working years. Benefits of National Pension The Nati...