A key feature of NPS is the Tier-I account, which is the main retirement account. (Photo: Freepik) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The National Pension System (NPS) is a popular long-term savings scheme in India, introduced by the central government to help people build a steady income after retirement. The scheme encourages disciplined, long-term savings and also offers tax benefits, making it an efficient option for individuals and employers. NPS is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It is a market-linked, defined contribution scheme.

Your returns depend on how the chosen pension funds perform. All citizens between 18 and 70 years can join this scheme. All Central Government employees who joined on or after Jan. 1

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