Society keeps handing out unsolicited memos every day, whether it’s your neighbourhood uncle telling you to invest in the stock market or your friends telling you to watch that new web series that people can’t stop talking about. You may sigh, roll your eyes, or end up taking them up on their recommendations. But when it comes to financial decisions, the stakes are high, and you should fully understand what you’re getting into.
So, if you have heard people around you talk about NPS or the National Pension System, and are wondering what that is and whether you should invest in NPS, let’s take a minute to break it down. NPS is a social security initiative by the government of India that aims to secure your retirement years by helping you save for it. The National Pension System is designed in a way that offers you immense flexibility and the process to invest in NPS online or offline is also simple and seamless. But these are just a few aspects of NPS. Here are some other essential benefits of investing in NPS that prove why choosing this investment avenue could be a smart decision.
