The National Pension System (NPS) is a relatively new tax-saving investment in the lines of US' 401k. The NPS was launched by the government to allow every Indian citizen to get a pension during retirement, especially self-employed professionals or those working in the unorganized sector. The purpose of the NPS is not only tax-saving every financial year, but getting a pension during retirement as well. Upon maturity, you have to use 40% of the accumulated savings to buy annuity from an insurance company. This annuity will give you a regular pension. The NPS has become attractive post extra Rs 50,000 annual tax saving and 40% tax saving on your retirement corpus. Make sure you understand it in detail before you invest in it. So, should you invest in NPS? Understand the pros and cons first. Find us on Social Media and stay connected: Facebook Page - https://www.facebook.com/yadnyaacademy Facebook Group - https://goo.gl/y57Qcr Twitter - https://twitter.com/investyadnya
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