Pension Fund Regulatory and Development Authority (PFRDA) has stepped in and brought about some exciting changes to the National Pension Scheme (NPS)
Applicant should be between 18 – 60 years of age
Opening an account with NPS provides a Permanent Retirement Account Number (PRAN)
The pension regulator intends to motivate Indian citizens, whether salaried or self-employed, to plan towards building a cushion for financial security in their golden years.
Till the retirement, pension wealth accumulation grows over the period of time with a compounding effect.
An NPS account can be opened through the eNPS portal. Further contributions can be also be made online.
With the NPS, you get seamless portability when you change jobs or locations, with hassle-free transfer of the scheme to the new job/location.