Outlook Money
NPS is a retirement planning tool. This social scheme is not only available to resident Indians but also to non-resident Indians (NRIs).
Employment status is not an eligibility criterion for opening an NPS account. As long as one has funds, they can contribute to the NPS.
No, third-party deposits are allowed to be invested in NPS. This restriction is in place to reduce the risk of fraudulent transactions.
If an individual does not have a source of income, he/she can open an NPS account with the funds already saved.
If the wife is not earning, then the husband or family members can contribute on her behalf in NPS. There is no limit on such contributions.