What is NPS (National Pension System)? — Meaning, Definition & Example
Definition
NPS is a voluntary, government-sponsored pension scheme that invests in equity, corporate bonds, and government securities. It offers additional tax benefit of ₹50,000 under Section 80CCD(1B) over and above the ₹1.5 lakh 80C limit. Managed by PFRDA.
A 30-year-old investing ₹10,000/month in NPS equity plan (75% equity) could accumulate ₹2+ crore by age 60, providing a monthly pension.
🇮🇳 NPS (National Pension System) in Hindi / हिंदी में
NPS (नेशनल पेंशन सिस्टम) — NPS एक स्वैच्छिक, सरकार प्रायोजित पेंशन योजना है जो इक्विटी, कॉर्पोरेट बॉन्ड और सरकारी प्रतिभूतियों में निवेश करती है। Section 80CCD(1B) के तहत ₹50,000 का अतिरिक्त टैक्स लाभ मिलता है।
NPS (National Pension System) (Hinglish) — NPS ek voluntary government pension scheme hai jo equity, bonds aur govt securities mein invest karti hai. Section 80CCD(1B) ke under ₹50,000 ka extra tax benefit milta hai.