The National Pension System or NPS is increasingly becoming one of India’s favourite retirement fund and savings schemes with over 1.5 crore subscribers as of November 2021, according to data by the National Pension System Trust. The benefits and simplicity that NPS offers are considered to be one of the prime reasons for this growth.
While a tier 1 NPS account is popular, a lot of investors are still not completely aware of the NPS Tier 2 account and its benefits. Let’s take a deeper look at the benefits of the NPS tier 2 account, including the NPS tier 2 tax benefits.
What are the NPS tier 1 and tier 2 accounts?
