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National Pension Scheme – Tax Hack

The National Pension System (NPS) is a retirement benefit Scheme introduced by the Government of India to provide regular income post-retirement. The National Pension Scheme is based on a unique Permanent Retirement Account Number (PRAN) allotted to each subscriber. To encourage savings, the Government has made the scheme reassuring from a security point of view and offered attractive benefits for account holders.

The National Savings and Investment Scheme (NSS) is a voluntary scheme for all citizens of India, allowing them to invest any amount in their NPS account at any time.  It is regulated by the PFRDA (Pension fund regulator under the Ministry of Finance, Govt. of India), which ensures transparent norms governing the activities. It is one of the lowest-cost investment products available, with portability, portability, superannuation fund transfer, and offers triple tax benefits.