Government scheme · Retirement savings
National Pension System (NPS)
NPS is a voluntary retirement savings scheme regulated by PFRDA. Your money is invested by pension fund managers in a mix of equity, corporate bonds and government securities that you choose.
Visit official websiteWho can apply
- Indian citizens aged 18 to 70, including NRIs
Key features
- Choose your pension fund manager and asset mix, or let it adjust with age
- Extra deduction under Section 80CCD(1B) under the old tax regime, over and above Section 80C
- At retirement, part of the corpus can be withdrawn and the rest is used to buy an annuity
- NPS Vatsalya lets parents start an account for a minor
How to apply
- Open an account online through eNPS, or through a bank or point of presence
Planning for retirement?
Ask Bachatt Saathi how a pension scheme compares with a long-term mutual fund SIP for your retirement goal.
Frequently asked questions
Are NPS returns guaranteed?+
No. NPS returns are market-linked and depend on the asset mix and fund manager you choose.
More government pension schemes
See all government pension schemesThis page is for information only. Bachatt is not affiliated with this scheme; the scheme name belongs to the Government of India and its agencies. Limits, rates and eligibility change from time to time — always check the official website before you apply.